Jewell Curtis E 4
Research Summary
AI-generated summary
ESAB SVP/General Counsel Jewell Curtis Exercises RSUs; Shares Withheld
What Happened
- Jewell Curtis E., Senior Vice President and General Counsel of ESAB Corporation (ESAB), had restricted stock units (RSUs) convert into 1,822 shares on May 12, 2026 (listed as derivative exercise/conversion, code M). To satisfy tax withholding, ESAB withheld 894 of those shares (code F) at an indicated value of $94.20 per share, totaling $84,215. The net shares delivered to the reporting person were 928 (1,822 - 894). No shares were sold on the open market by the reporting person to cover taxes.
Key Details
- Transaction date: 2026-05-12; Form 4 filed 2026-05-13 (timely).
- Conversion: 1,822 RSUs converted to 1,822 common shares (derivative exercise/conversion, code M).
- Tax withholding: 894 shares withheld at $94.20/share, total $84,215 (code F). Footnote states shares were withheld by the company in a net share settlement to satisfy tax liability; no open-market sale by the insider.
- Shares owned after transaction: not provided in the excerpt of the filing.
- Relevant footnotes: F1 (each RSU = one share), F2 (net share settlement for tax withholding), F3 (award vests in three equal annual installments beginning on the third anniversary; remaining RSUs vest May 12, 2027).
Context
- This was a routine RSU vesting and net-share-withholding to cover taxes, not an open-market sale or purchase. Such withholding is administrative and does not necessarily indicate a change in the insider’s view of the company. The filing appears timely (filed one day after the vesting date).