Biebuyck Olivier 4

What Happened

• Olivier Biebuyck, President, Fab Tech at ESAB Corporation (ESAB), had 2,362 restricted stock units (RSUs) convert into common shares on May 12, 2026. ESAB withheld 1,184 shares to cover the tax liability at $94.20/share (value $111,533), leaving a net issuance of 1,178 shares to Biebuyck. The conversion is a grant vesting event (not an open-market purchase or sale).

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 13, 2026 (timely).
• Conversion: 2,362 RSUs converted into shares (code M — exercise/conversion of derivative).
• Tax withholding: 1,184 shares withheld to satisfy tax liability (code F) at $94.20/share for $111,533.
• Net shares received: 1,178 shares (2,362 converted minus 1,184 withheld). Approximate value of net shares at $94.20 ≈ $110,980.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1–Each RSU equals a contingent right to one common share. F2–Withholding was by ESAB via net share settlement; no open-market sale by the reporting person. F3–These RSUs vest in three equal annual installments starting on the third anniversary of the grant date; remaining units vest on May 12, 2027.

Context

• This was a vesting/settlement of RSUs (derivative conversion), not a purchase or open-market sale. The withholding of shares to cover taxes is a common cashless/net-settlement practice and does not indicate a market sale by the insider.