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ESAB Corp·4

Mar 11, 4:29 PM ET

Biebuyck Olivier 4

Research Summary

AI-generated summary

Updated

ESAB President Olivier Biebuyck Exercises Options, Receives RSUs

What Happened

  • Olivier Biebuyck, President (Fab Tech) of ESAB Corporation (ESAB), exercised/converted derivative awards and received a vesting award of restricted stock units (RSUs) on March 9, 2026.
  • Transactions: conversion/exercise of 1,408 derivative shares and grant/vesting of 5,320 RSUs. To satisfy tax liabilities, ESAB withheld 662 shares (valued at $107.02 each, $70,847) and 2,535 shares (valued at $107.02 each, $271,296) — a total of 3,197 shares withheld (≈ $342,143). The filings show the derivative disposition with $0 proceeds consistent with a net-share settlement.

Key Details

  • Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (filed within the usual two‑business‑day window).
  • Prices/values shown for withheld shares: $107.02 per share; total tax withholding ≈ $342,143 (662 shares = $70,847; 2,535 shares = $271,296).
  • Shares acquired: 5,320 RSUs vested/converted to shares. Derivative exercised/converted: 1,408 shares (net‑settled).
  • Shares withheld to cover taxes: 3,197 shares; no open‑market sale by the reporting person (company withheld shares to satisfy tax liability).
  • Footnotes of note:
    • F1: Each RSU converts to one ESAB common share.
    • F2 & F4: Withholding represents net share settlement to satisfy tax liabilities; no shares were sold by the reporting person.
    • F3: The 5,320 shares relate to performance‑based RSUs granted 3/8/2023 that vested after certification (vested 3/8/2026).
    • F5: Remaining time‑based RSUs from an award also vested on 3/8/2026.
  • Shares owned after the transaction are not provided in the excerpt.

Context

  • This was not an open‑market sale or purchase; it was primarily vesting of RSUs and exercise/conversion of derivatives followed by net share settlement to cover taxes. Net share settlement (company withholding shares) is routine and does not reflect an open‑market sale by the insider.
  • For retail investors: vesting and tax‑withholding transactions are common compensation events for executives and are not the same signal as a voluntary sale or purchase in the market.