Campion Michele 4

What Happened

• Michele Campion, Chief Human Resources Officer of ESAB Corporation, reported exercising 7,196 employee stock options on Feb 27, 2026 at an exercise price of $47.34 per share (aggregate cash cost ≈ $340,659).
• Following the exercise, 4,300 shares were withheld by ESAB to satisfy the exercise price and tax liability (value reported ≈ $527,309) and additional shares were sold in the open market (2,200 shares for $269,786 and 2,896 shares for ~$355,139; total open-market proceeds ≈ $624,925).
• The filing also shows two grants on Feb 26, 2026: 5,641 and 1,624 restricted stock units (RSUs) (derivative awards, $0 reported), which vest in installments per the footnotes.

Key Details

• Transaction dates: Feb 26–27, 2026; Form 4 filed Mar 2, 2026 (appears timely).
• Option exercise: 7,196 shares exercised at $47.34/share (≈ $340,659).
• Shares withheld for tax/exercise: 4,300 shares withheld (≈ $527,309) — these were not sold by the reporting person (net share settlement).
• Open-market sales: 2,200 shares @ $122.63 (≈ $269,786) and 2,896 shares @ weighted avg ~$122.63 (≈ $355,139); sales effected pursuant to a Rule 10b5-1 trading plan.
• Grants: 5,641 RSUs and 1,624 RSUs granted on Feb 26, 2026 (vest in three equal annual installments per footnotes).
• Shares owned after the transactions: not stated in the Form 4 filing.
• Notable footnotes: F1 (sales under 10b5-1 plan), F2 (shares withheld for tax/exercise; no sale by the insider to cover liability), F3 (weighted-average sale price range disclosure), F4–F7 (vesting schedules and RSU details).

Context

• This is effectively a cashless/net-share exercise: options were exercised (insider paid the exercise price), the company withheld shares to cover taxes and exercise costs, and additional shares were sold under a pre-established 10b5-1 plan.
• Exercises and net settlements are common executive compensation events and do not by themselves indicate a change in insider sentiment. The open-market sales were made under a 10b5-1 plan (routine trading plan), per the filing.