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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Pay vs Performance Disclosure    
Pay vs Performance Disclosure, Table
Year
(a)
Summary
Compensation
Table Total for
PEO ($)(1)
(b)
Compensation
Actually Paid
to PEO ($)(2)
(c)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs ($)(3)
(d)
Average
Compensation
Actually Paid
to Non-PEO
NEOs ($)(4)
(e)
Value of Initial Fixed $100
Investment Based On:
Net Income
($)(7)
(h)
Adjusted
EBITDA
Percentage
(8)
(i)
Total
Shareholder
Return ($)(5)
(f)
Peer Group
Total
Shareholder
Return ($)(6)
(g)
2023
7,906,336
17,989,527
2,434,263
4,211,247
194.36
129.29
205,285,000
18.4%
2022
9,508,798
9,392,125
2,586,988
2,559,862
104.93
98.37
223,747,000
16.8%
  
Company Selected Measure Name Adjusted EBITDA percentage  
Named Executive Officers, Footnote The dollar amount reported in column (b) is the amount reported for Shyam P. Kambeyanda (the Company’s Chief Executive
Officer) for 2023 and 2022 in the “Total” column in our Summary Compensation Table. Refer to the Summary Compensation
Table.
The dollar amount reported in column (d) represents the average of the amounts reported for the Company’s NEOs as a group
(excluding Mr. Kambeyanda) in the “Total” column of the Summary Compensation Table for 2023 and 2022. The names of each
of the NEOs included for these purposes are Kevin J. Johnson, Olivier Biebuyck, Curtis E. Jewell and Eleanor Lukens.
  
Peer Group Issuers, Footnote The peer group used for this purpose is the S&P 400 Industrials Index consistent with that presented in our Annual Report on
Form 10-K under Item 201(e) of Regulation S-K.
  
PEO Total Compensation Amount $ 7,906,336 $ 9,508,798
PEO Actually Paid Compensation Amount $ 17,989,527 9,392,125
Adjustment To PEO Compensation, Footnote The dollar amount reported in column (c) represents the amount of “compensation actually paid” to Mr. Kambeyanda, as
computed in accordance with Item 402(v) of Regulation S-K and does not reflect the total compensation actually realized or
received by Mr. Kambeyanda.  In accordance with Item 402(v), these amounts reflect “Total Compensation” as set forth in the
Summary Compensation Table for 2023 and 2022, adjusted as shown below.  Equity values are calculated in accordance with
FASB ASC Topic 718, using valuation assumptions and methodologies consistent with those used for grant-date values.
Compensation Actually Paid to PEO
2023
2022
Summary Compensation Table Total
$7,906,336
$9,508,798
Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation
Table
4,466,855
6,728,131
Less, Change in Pension Value reported in Summary Compensation Table
—
—
Plus, year-end fair value of outstanding and unvested equity awards granted in the year
6,974,819
6,472,566
Plus, fair value as of vesting date of equity awards granted and vested in the year
—
—
Plus (less), year over year change in fair value of outstanding and unvested equity awards
granted in prior years
6,893,881
113,246
Plus (less), year over year change in fair value of equity awards granted in prior years that
vested in the year
661,468
11,436
Plus, value of dividends or other earnings paid on stock awards not otherwise reflected in
fair value or total compensation
19,879
14,210
Less, prior year-end fair value for any equity awards forfeited in the year
—
—
Plus, pension service cost for services rendered during the year
—
—
Compensation Actually Paid to Shyam P. Kambeyanda
$17,989,527
$9,392,125
  
Non-PEO NEO Average Total Compensation Amount $ 2,434,263 2,586,988
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,211,247 2,559,862
Adjustment to Non-PEO NEO Compensation Footnote The dollar amount reported in column (e) represents the average amount of “compensation actually paid” to the NEOs as a group
(excluding Mr. Kambeyanda), as computed in accordance with Item 402(v) of Regulation S-K. In accordance with these rules, this
amount reflects “Total Compensation” as set forth in the Summary Compensation Table for 2023 and 2022, adjusted as shown
below. Equity values are calculated in accordance with FASB ASC Topic 718, using valuation assumptions and methodologies
consistent with those used for grant-date values.
Average Compensation Actually Paid to Non-PEO NEOs
2023
2022
Average Summary Compensation Table Total
$2,434,263
$2,586,988
Less, average value of “Stock Awards” and “Option Awards” reported in Summary
Compensation Table
1,212,010
1,249,699
Less, average Change in Pension Value reported in Summary Compensation Table
—
—
Plus, average year-end fair value of outstanding and unvested equity awards granted in
the year
1,887,523
1,212,260
Plus, average fair value as of vesting date of equity awards granted and vested in the year
—
—
Plus (less), average year over year change in fair value of outstanding and unvested
equity awards granted in prior years
1,001,067
14,352
Plus (less), average year over year change in fair value of equity awards granted in prior
years that vested in the year
96,340
(6,876)
Plus, value of dividends or other earnings paid on stock awards not otherwise reflected in
fair value or total compensation
4,064
2,836
Less, prior year-end fair value for any equity awards forfeited in the year
—
—
Plus, average pension service cost for services rendered during the year
—
—
Average Compensation Actually Paid to Non-PEO NEOs
$4,211,247
$2,559,862
  
Compensation Actually Paid vs. Total Shareholder Return Compensation Actually Paid (“CAP”), Cumulative TSR and Peer Group TSR
5542
*The graph tracks the performance of a $100 investment, assuming reinvestment of dividends, in our
common stock and in each index from April 5, 2022, the date our common stock commenced regular-
way trading on the New York Stock Exchange, to December 31, 2023.
  
Compensation Actually Paid vs. Net Income Compensation Actually Paid and Net Income
5845
  
Compensation Actually Paid vs. Company Selected Measure Compensation Actually Paid and Adjusted EBITDA Percentage
5905
  
Total Shareholder Return Vs Peer Group Compensation Actually Paid (“CAP”), Cumulative TSR and Peer Group TSR
5542
*The graph tracks the performance of a $100 investment, assuming reinvestment of dividends, in our
common stock and in each index from April 5, 2022, the date our common stock commenced regular-
way trading on the New York Stock Exchange, to December 31, 2023.
  
Tabular List, Table Adjusted EBITDA Percentage
■Working Capital Turns
■Adjusted Net Sales
■Adjusted Free Cashflow
  
Total Shareholder Return Amount $ 194.36 104.93
Peer Group Total Shareholder Return Amount 129.29 98.37
Net Income (Loss) $ 205,285,000 $ 223,747,000
Company Selected Measure Amount 0.184 0.168
PEO Name Shyam P. Kambeyanda  
Additional 402(v) Disclosure Total Shareholder Return (“TSR”) is calculated by dividing (a) the sum of (i) the cumulative amount of dividends for the
measurement period, assuming dividend reinvestment, and (ii) the difference between the Company’s share price at the end of
each fiscal year shown and the beginning of the measurement period,  by (b) the Company’s share price at the beginning of the
measurement period.  The beginning of the 2022 measurement period for the table is April 5, 2022, the date our common stock
commenced regular-way trading on the New York Stock Exchange.
The dollar amount reported represents the amount of net income attributable to ESAB Corporation reflected in the Company’s
audited financial statements for the applicable year.
  
Measure:: 1    
Pay vs Performance Disclosure    
Name Adjusted EBITDA Percentage  
Non-GAAP Measure Description Adjusted EBITDA percentage, the Company-Selected Measure, represents the most important financial measure used to link
performance to pay in 2023 and 2022.  Adjusted EBITDA percentage is a non-GAAP performance measure and is the ratio
between Adjusted EBITDA and net sales. Adjusted EBITDA is measured by comparing Adjusted EBITDA excluding any
unbudgeted 2023 and 2022 acquisitions to the 2023 and 2022 Adjusted EBITDA targets at actual foreign exchange rates and is
defined as U.S. GAAP net income from continuing operations plus net interest expense, income taxes and acquisition-
amortization and other related charges, separation costs, restructuring costs per company policy, non-cash asset impairments
including goodwill and intangibles, unbudgeted acquisition and divestiture costs, foreign currency exchange gains or losses
arising from initial recognition of a highly inflationary currency, pension curtailment costs, effects from changes in U.S. GAAP or
other unplanned or nonrecurring items that the Compensation and Human Capital Management Committee considers unusual
and not representative of the underlying economic performance of the Company, with budgeted results for any divested/
discontinued entities added to actual results in determining 2023 and 2022 performance. 2023 and 2022 Adjusted EBITDA also
excludes Russia for Fiscal Year 2023 and from April 2, 2022 to December 31, 2022 for Fiscal Year 2022.
  
Measure:: 2    
Pay vs Performance Disclosure    
Name Working Capital Turns  
Measure:: 3    
Pay vs Performance Disclosure    
Name Adjusted Net Sales  
Measure:: 4    
Pay vs Performance Disclosure    
Name Adjusted Free Cashflow  
PEO | Stock and Option Awards Adjustments [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount $ 4,466,855 $ 6,728,131
PEO | Change in Pension Value [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 0 0
PEO | Equity Awards Granted During the Year, Unvested [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 6,974,819 6,472,566
PEO | Equity Awards Granted During the Year, Vested [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 0 0
PEO | Equity Awards Granted in Prior Years, Unvested [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 6,893,881 113,246
PEO | Equity Awards Granted in Prior Years, Vested [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 661,468 11,436
PEO | Stock Awards, Dividends and Other Earnings [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 19,879 14,210
PEO | Equity Awards that Failed to Meet Vesting Condtions [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 0 0
PEO | Pension Adjustments, Service Cost [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 0 0
Non-PEO NEO | Stock and Option Awards Adjustments [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 1,212,010 1,249,699
Non-PEO NEO | Change in Pension Value [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 0 0
Non-PEO NEO | Equity Awards Granted During the Year, Unvested [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 1,887,523 1,212,260
Non-PEO NEO | Equity Awards Granted During the Year, Vested [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 0 0
Non-PEO NEO | Equity Awards Granted in Prior Years, Unvested [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 1,001,067 14,352
Non-PEO NEO | Equity Awards Granted in Prior Years, Vested [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 96,340 (6,876)
Non-PEO NEO | Stock Awards, Dividends and Other Earnings [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 4,064 2,836
Non-PEO NEO | Equity Awards that Failed to Meet Vesting Condtions [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 0 0
Non-PEO NEO | Pension Adjustments, Service Cost [Member]    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount $ 0 $ 0