Kambeyanda Shyam 4

What Happened Kambeyanda Shyam, President & CEO and a director of ESAB Corp (ESAB), had 3,808 restricted stock units (RSUs convertable to common shares) vest/convert on 2026-03-02. ESAB issued 3,808 shares on conversion; the company withheld 1,872 shares to cover tax withholding valued at $121.64 per share (total $227,710). After withholding, Shyam received a net 1,936 shares. No open-market sale by the reporting person occurred — the 1,872-share disposition was a tax-withholding transaction.

Key Details

• Transaction date: 2026-03-02; Form filed 2026-03-03 (next day).
• Conversion/exercise: 3,808 RSUs converted into 3,808 shares (derivative conversion).
• Tax withholding: 1,872 shares withheld at $121.64/share = $227,710 (shares surrendered to ESAB to satisfy tax liability).
• Net shares delivered to insider: 1,936 shares (3,808 − 1,872).
• Footnotes: F1 = each RSU equals one share on vesting; F2 = shares withheld by ESAB for tax settlement (no open-market sale by insider); F3 = these RSUs vest in three equal annual installments on the first day of the month following each anniversary of grant.
• Shares owned after transaction: not specified in the provided Form 4 excerpt.
• Filing timeliness: filed next day (appears timely under Form 4 rules).

Context This was a routine RSU vest/conversion with a net-share settlement to cover taxes, not an open-market sale or purchase. For retail investors, such filings reflect compensation-related share issuance and tax mechanics rather than a direct bullish or bearish trading signal by the insider.