Steven B. Hedlund, Chairman, President and CEO of Lincoln Electric Holdings Inc, filed a Form 4 on November 2, 2026, disclosing the exercise of two employee stock option tranches and the sale of 14,371 common shares on October 30, 2026.

Key Highlights

  • Option exercise, first tranche: Hedlund exercised 450 employee stock options at an exercise price of $89.63 per share on October 30, 2026, acquiring 450 common shares.
  • Option exercise, second tranche: Hedlund exercised 13,921 employee stock options at an exercise price of $114.27 per share on October 30, 2026, acquiring 13,921 common shares.
  • Share sale: Hedlund disposed of 14,371 common shares at a weighted average price of $281.9465, with individual trade prices ranging from $281.9450 to $281.9500, according to the filing.
  • Direct beneficial ownership following transactions: Hedlund directly holds 63,483 common shares after the reported transactions.
  • Indirect ownership: Hedlund also holds 2,495.425 common shares indirectly through a 401(k) plan, according to the filing.
  • Remaining derivative securities: Both employee stock option positions were reduced to zero following the exercises, per the filing.

Hedlund's October 30 Option Exercises and Share Disposition at Lincoln Electric

According to the Form 4 filed with the SEC on November 2, 2026, Steven B. Hedlund, who serves as Chairman, President and CEO of Lincoln Electric Holdings Inc (NASDAQ:LECO), reported three transactions in the company's common shares, all dated October 30, 2026. The filing covers changes in his beneficial ownership arising from the exercise of two employee stock option grants and a same-day sale of the resulting shares.

The first option exercise involved 450 shares at a conversion price of $89.63, which the filing indicates were exercisable in equal installments on the first, second, and third anniversaries of the grant date, with an expiration date of February 19, 2030. The second exercise covered 13,921 shares at a conversion price of $114.27, under an option expiring February 17, 2031, on the same vesting schedule. Both option positions were reported as reduced to zero following the exercises, the filing states.

The filing also discloses the sale of 14,371 common shares at a weighted average price of $281.9465. The filing notes that "this transaction was executed in multiple trades at prices ranging from $281.9450 to $281.9500," and that Hedlund "hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected." Following all reported transactions, Hedlund directly holds 63,483 common shares, with an additional 2,495.425 shares held indirectly through a 401(k) plan, according to the filing. The form was signed by Susan K. Prewitt as Attorney-in-Fact.

What Was Disclosed

Lincoln Electric Holdings CEO Steven B. Hedlund disclosed the exercise of 450 and 13,921 employee stock options and the sale of 14,371 common shares on October 30, 2026, leaving him with 63,483 directly held shares and 2,495.425 shares held via a 401(k).