Kambeyanda Shyam 4

What Happened Kambeyanda Shyam, President & CEO and a director of ESAB Corporation (ESAB), had restricted stock units (RSUs) convert into 10,796 shares on May 12, 2026. To satisfy his tax withholding obligation, ESAB withheld 5,053 of those shares at $94.20 each (total value ~$475,993). The net shares delivered to Shyam were 5,743. This was a routine vesting/conversion and company withholding to cover taxes—not an open-market sale.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 13, 2026 (appears timely).
• Conversion: 10,796 RSUs converted into common shares (transaction code M).
• Tax withholding: 5,053 shares withheld by the company at $94.20/share, value $475,993 (transaction code F). Footnote indicates no shares were sold by the reporting person to cover taxes.
• Net shares received: 10,796 − 5,053 = 5,743 shares issued to Shyam.
• Shares owned after transaction: Not disclosed in this filing.
• Relevant footnotes: F1—each RSU equals one contingent share; F2—shares withheld by ESAB to satisfy tax liability (no open-market sale by the insider); F3—these RSUs vest in scheduled installments, with remaining units vesting May 12, 2027.

Context

• This was a conversion/vesting event (RSUs becoming shares) with company withholding for taxes, not a sale in the open market. Such withholdings are routine and do not necessarily indicate a change in the insider’s view of the company.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion), F = payment of exercise price or tax liability (share withholding).