Bhagwakar Ranjana N 4

What Happened

• Ranjana N. Bhagwakar, Executive Vice President, Business Operations at ESAB Corporation (ESAB), was granted a total of 74,160 derivative awards on July 1, 2026: 9,048, 7,056 and 58,056-unit awards. Each award was reported at $0.00 because these are equity compensation grants (restricted stock units and stock options), not open-market purchases or sales.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-06 (filed after the transaction date).
• Grant amounts: 9,048; 7,056; and 58,056 awards — total = 74,160 derivative awards.
• Reported price per award: $0.00 (award/grant).
• Shares owned after the transaction: not disclosed in this filing.
• Relevant footnote summaries:
  • F1/F2: Some awards are restricted stock units (RSUs); each RSU converts to one share upon vesting and RSUs vest in three equal annual installments.
  • F3: Certain employee stock options (non-performance) vest in three equal annual installments.
  • F4: The 58,056-share performance stock option vests in up to three tranches tied to multi-year performance targets (performance measured during years 2–6 after grant) and requires continued service through specified vesting/certification dates.
• Timeliness: Filing appears late (transaction 7/1/2026, Form 4 filed 7/6/2026), which may attract regulatory attention but does not by itself imply trading intent or company performance.

Context

• These awards are compensation grants — RSUs give the right to receive shares when vested; performance options only convert to shares if performance targets are achieved and service requirements are met. Grants to executives are common and reflect pay practices, not direct buy/sell signals.