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ESAB Corp·4

Mar 11, 4:29 PM ET

Jewell Curtis E 4

Research Summary

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Updated

ESAB (ESAB) SVP Jewell Curtis Exercises Options, Receives RSU Award

What Happened

  • Jewell Curtis, SVP and General Counsel of ESAB Corporation, had equity awards vest and exercised/converted derivatives reported on March 9, 2026. The filing shows acquisition of 3,592 shares from the vesting of performance-based restricted stock units and the exercise/conversion of 951 derivative shares.
  • To satisfy tax withholding obligations, ESAB withheld 449 shares (valued at $48,052) and 1,694 shares (valued at $181,292) — a total of 2,143 shares and $229,344. No shares were sold on the open market by the reporting person.

Key Details

  • Transaction date(s): reported for period March 9, 2026 (footnotes state certain awards vested March 8, 2026).
  • Withholding price used: $107.02 per share for tax withholding calculations.
  • Shares acquired: 3,592 RSUs vested (performance-based) + 951 shares from exercise/conversion of derivative instruments (total acquired reported: 4,543 shares).
  • Shares withheld/disposed: 449 and 1,694 shares withheld to cover tax liabilities (net share settlement); filing also lists 951 derivative shares with $0 cash proceeds consistent with conversion/settlement mechanics.
  • Footnotes of note:
    • F1/F3/F5: RSUs represent rights to receive common stock; the 3,592 RSUs were performance-based (granted Mar 8, 2023; vested Mar 8, 2026); other RSUs vested as remaining installments.
    • F2/F4: Withheld shares were used to satisfy tax liabilities via net share settlement — the insider did not sell shares on the open market.
  • Shares owned after the transactions: Not specified in the provided filing excerpt.
  • Filing date: March 11, 2026 (reported transactions occurred March 9 / vesting noted March 8); filing appears timely (Form 4 is generally due within 2 business days).

Context

  • This was primarily an award vesting and derivative conversion event, not an open-market sale. The withholding of shares to cover taxes is a routine administrative step and does not represent a market sale by the insider.
  • For retail investors, purchases or acquisitions (including vesting) show equity granted/retained; here Curtis received shares via vesting and exercise while a portion was net-settled for taxes.