Reported relationships
Latest disclosed role at each company.
| Company | Last reported as | Report date | Published |
|---|---|---|---|
| ESAB CorpESAB · Entity 3958 | Director | June 01, 2026 | June 02, 2026 |
| Enovis CORPENOV · Entity 4797 | Director | May 19, 2026 | May 22, 2026 |
Disclosed balances
About these balances
Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.
ESAB Corp
Report date June 01, 2026 · Filed June 02, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common stock, par value $0.001SEC Table I · non-derivative | Direct | 9,378.91 |
Reported balance
After 2026-06-01 transaction · row 1
1 source rowRow 1 · 2026-06-01 · Exercise / conversion · Acquired 637 · Balance 9,378.91 F1: Each restricted stock unit represents a contingent right to receive one share of common stock of ESAB Corporation. |
| Restricted Stock UnitsSEC Table II · derivative / convertible security · Expires 2026-06-01 | Direct | 0 |
Reported balance
After 2026-06-01 transaction · row 2
Instrument identity requires review; Table II rows are not merged.
1 source rowRow 2 · 2026-06-01 · Exercise / conversion · Disposed 637 · Balance 0 F1: Each restricted stock unit represents a contingent right to receive one share of common stock of ESAB Corporation. F2: These restricted stock units vested in a single installment on June 1, 2026. |
Filing footnotes · ownership attribution and instrument terms
F1: Each restricted stock unit represents a contingent right to receive one share of common stock of ESAB Corporation.
F2: These restricted stock units vested in a single installment on June 1, 2026.
Enovis CORP
Report date May 19, 2026 · Filed May 22, 2026
| Security / award | Ownership account | Disclosed shares / units | Disclosure context |
|---|---|---|---|
| Common stock, par value $0.001SEC Table I · non-derivative | Direct | 37,608 |
Reported balance
After 2026-05-19 transaction · row 1
1 source rowRow 1 · 2026-05-19 · Grant · Acquired 9,346 · Balance 37,608 |
Transaction history
JSON APIPurchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Company | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| April 05, 2022 Filed Apr 8, 2022 01:51 UTC | ESAB Corp ESAB · Entity 3958 | GrantStock Option (right to buy) · Derivative | 2,366 | $0.00 Strike: $33.33 | $0.00 |
DisclosureSEC source: 0001209191-22-023791 · doc4.xml · derivative · entry 4 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,366 Underlying: Common stock, par value $0.001 · 2,366 shares Expires 2027-05-20 F4 · kind: In connection with the Spin-Off, each outstanding Colfax stock option was converted into an award of options to purchase shares of ESAB common stock pursuant to the terms of the employee matters agreement between Colfax and ESAB in connection with the Spin-Off. The number of underlying shares was adjusted in a manner intended to preserve the aggregate intrinsic value of the original Colfax stock option. For Mr. Vinnakota, who, following the Spin-Off, will continue to serve as a director of Enovis (fka Colfax) and will serve as a director of ESAB, except for any shares or units deferred under the Colfax Director Deferred Compensation Plan, 50% of his awards have been converted into ESAB equity awards and 50% will remain Colfax (Enovis) equity awards. Read SEC document |
| April 05, 2022 Filed Apr 8, 2022 01:51 UTC | ESAB Corp ESAB · Entity 3958 | GrantStock Option (right to buy) · Derivative | 1,905 | $0.00 Strike: $31.10 | $0.00 |
DisclosureSEC source: 0001209191-22-023791 · doc4.xml · derivative · entry 3 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,905 Underlying: Common stock, par value $0.001 · 1,905 shares Expires 2023-05-12 F4 · kind: In connection with the Spin-Off, each outstanding Colfax stock option was converted into an award of options to purchase shares of ESAB common stock pursuant to the terms of the employee matters agreement between Colfax and ESAB in connection with the Spin-Off. The number of underlying shares was adjusted in a manner intended to preserve the aggregate intrinsic value of the original Colfax stock option. For Mr. Vinnakota, who, following the Spin-Off, will continue to serve as a director of Enovis (fka Colfax) and will serve as a director of ESAB, except for any shares or units deferred under the Colfax Director Deferred Compensation Plan, 50% of his awards have been converted into ESAB equity awards and 50% will remain Colfax (Enovis) equity awards. Read SEC document |
| April 05, 2022 Filed Apr 8, 2022 01:51 UTC | ESAB Corp ESAB · Entity 3958 | GrantStock Option (right to buy) · Derivative | 1,159 | $0.00 Strike: $63.37 | $0.00 |
DisclosureSEC source: 0001209191-22-023791 · doc4.xml · derivative · entry 2 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,159 Underlying: Common stock, par value $0.001 · 1,159 shares Expires 2022-05-12 F4 · kind: In connection with the Spin-Off, each outstanding Colfax stock option was converted into an award of options to purchase shares of ESAB common stock pursuant to the terms of the employee matters agreement between Colfax and ESAB in connection with the Spin-Off. The number of underlying shares was adjusted in a manner intended to preserve the aggregate intrinsic value of the original Colfax stock option. For Mr. Vinnakota, who, following the Spin-Off, will continue to serve as a director of Enovis (fka Colfax) and will serve as a director of ESAB, except for any shares or units deferred under the Colfax Director Deferred Compensation Plan, 50% of his awards have been converted into ESAB equity awards and 50% will remain Colfax (Enovis) equity awards. Read SEC document |
| April 05, 2022 Filed Apr 8, 2022 01:51 UTC | ESAB Corp ESAB · Entity 3958 | GrantRestricted Stock Units · Derivative | 1,321 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-22-023791 · doc4.xml · derivative · entry 1 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,321 Underlying: Common stock, par value $0.001 · 1,321 shares Expires 2022-05-12 F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of ESAB Corporation ("ESAB") common stock. F2 · kind: In connection with the pro-rata spin-off distribution (the "Spin-Off") by Colfax Corporation ("Colfax") of the shares of ESAB, each outstanding Colfax restricted stock unit was converted into a restricted stock unit award denominated in shares of ESAB common stock pursuant to the terms of the employee matters agreement entered into between Colfax and ESAB in connection with the Spin-Off. The number of underlying shares were adjusted in a manner intended to preserve the aggregate intrinsic value of the original Colfax restricted stock unit award. For Mr. Vinnakota, 50% of his awards have been converted into ESAB equity awards and 50% will remain Colfax (Enovis) equity awards. F3 · derivative.exercise_date: These restricted stock units vest and become exercisable in a single installment on May 12, 2022. Read SEC document |
| April 05, 2022 Filed Apr 8, 2022 00:00 UTC | Enovis CORP ENOV · Entity 4797 | OtherCommon stock, par value $.001 | 968 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-22-023750 · doc4.xml · nonDerivative · entry 1 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 7,526 F1 · kind: In connection with the pro-rata spin-off distribution (the "Spin-Off") by the Company of the shares of ESAB Corporation on April 4, 2022, the outstanding Company restricted stock units held by Mr. Vinnakota (who, following the Spin-Off, will continue to serve as a director of the Company and will also serve as a director of ESAB Corporation) were converted on a 50/50 basis into Enovis and ESAB restricted stock units. The number of shares of Company common stock beneficially owned by Mr. Vinnakota that were previously reported on Form 4 have been adjusted in connection with the closing of the Spin-Off to reflect the conversion of 50% of his Company restricted stock units into ESAB restricted stock units, and have also been adjusted to reflect the impact of the 1:3 reverse stock split that was effected by the Company immediately following the Spin-Off. Read SEC document |
| April 04, 2022 Filed Apr 8, 2022 00:00 UTC | Enovis CORP ENOV · Entity 4797 | OtherStock option (right to buy) · Derivative | 2,004 | $0.00 Strike: $45.04 | $0.00 |
DisclosureSEC source: 0001209191-22-023750 · doc4.xml · derivative · entry 7 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 2,004 Underlying: Common stock, par value $.001 · 2,004 shares Expires 2026-05-13 F2 · kind: In connection with the pro-rata spin-off distribution (the "Spin-Off") by the Company of the shares of ESAB Corporation on April 4, 2022, pursuant to the terms of the employee matters agreement between ESAB and the Company, the outstanding Company stock options held by Mr. Vinnakota (who, following the Spin-Off, will continue to serve as a director of the Company and will also serve as a director of ESAB Corporation) were converted on a 50/50 basis into Company and ESAB stock options. The number of Company stock options beneficially owned by Mr. Vinnakota and the related exercise prices that were previously reported on Form 4 have been adjusted in connection with the closing of the Spin-Off to reflect the conversion of 50% of his Company stock options into ESAB stock options, and have also been adjusted to reflect the impact of the 1:3 reverse stock split that was effected by the Company immediately following the Spin-Off. Read SEC document |
| April 04, 2022 Filed Apr 8, 2022 00:00 UTC | Enovis CORP ENOV · Entity 4797 | OtherStock option (right to buy) · Derivative | 1,559 | $0.00 Strike: $55.31 | $0.00 |
DisclosureSEC source: 0001209191-22-023750 · doc4.xml · derivative · entry 6 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,559 Underlying: Common stock, par value $.001 · 1,559 shares Expires 2025-05-16 F2 · kind: In connection with the pro-rata spin-off distribution (the "Spin-Off") by the Company of the shares of ESAB Corporation on April 4, 2022, pursuant to the terms of the employee matters agreement between ESAB and the Company, the outstanding Company stock options held by Mr. Vinnakota (who, following the Spin-Off, will continue to serve as a director of the Company and will also serve as a director of ESAB Corporation) were converted on a 50/50 basis into Company and ESAB stock options. The number of Company stock options beneficially owned by Mr. Vinnakota and the related exercise prices that were previously reported on Form 4 have been adjusted in connection with the closing of the Spin-Off to reflect the conversion of 50% of his Company stock options into ESAB stock options, and have also been adjusted to reflect the impact of the 1:3 reverse stock split that was effected by the Company immediately following the Spin-Off. Read SEC document |
| April 04, 2022 Filed Apr 8, 2022 00:00 UTC | Enovis CORP ENOV · Entity 4797 | OtherStock option (right to buy) · Derivative | 1,246 | $0.00 Strike: $67.42 | $0.00 |
DisclosureSEC source: 0001209191-22-023750 · doc4.xml · derivative · entry 5 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,246 Underlying: Common stock, par value $.001 · 1,246 shares Expires 2024-05-17 F2 · kind: In connection with the pro-rata spin-off distribution (the "Spin-Off") by the Company of the shares of ESAB Corporation on April 4, 2022, pursuant to the terms of the employee matters agreement between ESAB and the Company, the outstanding Company stock options held by Mr. Vinnakota (who, following the Spin-Off, will continue to serve as a director of the Company and will also serve as a director of ESAB Corporation) were converted on a 50/50 basis into Company and ESAB stock options. The number of Company stock options beneficially owned by Mr. Vinnakota and the related exercise prices that were previously reported on Form 4 have been adjusted in connection with the closing of the Spin-Off to reflect the conversion of 50% of his Company stock options into ESAB stock options, and have also been adjusted to reflect the impact of the 1:3 reverse stock split that was effected by the Company immediately following the Spin-Off. Read SEC document |
| April 04, 2022 Filed Apr 8, 2022 00:00 UTC | Enovis CORP ENOV · Entity 4797 | OtherStock option (right to buy) · Derivative | 1,735 | $0.00 Strike: $45.47 | $0.00 |
DisclosureSEC source: 0001209191-22-023750 · doc4.xml · derivative · entry 4 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,735 Underlying: Common stock, par value $.001 · 1,735 shares Expires 2027-05-20 F2 · kind: In connection with the pro-rata spin-off distribution (the "Spin-Off") by the Company of the shares of ESAB Corporation on April 4, 2022, pursuant to the terms of the employee matters agreement between ESAB and the Company, the outstanding Company stock options held by Mr. Vinnakota (who, following the Spin-Off, will continue to serve as a director of the Company and will also serve as a director of ESAB Corporation) were converted on a 50/50 basis into Company and ESAB stock options. The number of Company stock options beneficially owned by Mr. Vinnakota and the related exercise prices that were previously reported on Form 4 have been adjusted in connection with the closing of the Spin-Off to reflect the conversion of 50% of his Company stock options into ESAB stock options, and have also been adjusted to reflect the impact of the 1:3 reverse stock split that was effected by the Company immediately following the Spin-Off. Read SEC document |
| April 04, 2022 Filed Apr 8, 2022 00:00 UTC | Enovis CORP ENOV · Entity 4797 | OtherStock option (right to buy) · Derivative | 1,396 | $0.00 Strike: $42.43 | $0.00 |
DisclosureSEC source: 0001209191-22-023750 · doc4.xml · derivative · entry 3 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 1,396 Underlying: Common stock, par value $.001 · 1,396 shares Expires 2023-05-12 F2 · kind: In connection with the pro-rata spin-off distribution (the "Spin-Off") by the Company of the shares of ESAB Corporation on April 4, 2022, pursuant to the terms of the employee matters agreement between ESAB and the Company, the outstanding Company stock options held by Mr. Vinnakota (who, following the Spin-Off, will continue to serve as a director of the Company and will also serve as a director of ESAB Corporation) were converted on a 50/50 basis into Company and ESAB stock options. The number of Company stock options beneficially owned by Mr. Vinnakota and the related exercise prices that were previously reported on Form 4 have been adjusted in connection with the closing of the Spin-Off to reflect the conversion of 50% of his Company stock options into ESAB stock options, and have also been adjusted to reflect the impact of the 1:3 reverse stock split that was effected by the Company immediately following the Spin-Off. Read SEC document |
| April 04, 2022 Filed Apr 8, 2022 00:00 UTC | Enovis CORP ENOV · Entity 4797 | OtherStock option (right to buy) · Derivative | 849 | $0.00 Strike: $86.44 | $0.00 |
DisclosureSEC source: 0001209191-22-023750 · doc4.xml · derivative · entry 2 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 849 Underlying: Common stock, par value $.001 · 849 shares Expires 2022-05-12 F2 · kind: In connection with the pro-rata spin-off distribution (the "Spin-Off") by the Company of the shares of ESAB Corporation on April 4, 2022, pursuant to the terms of the employee matters agreement between ESAB and the Company, the outstanding Company stock options held by Mr. Vinnakota (who, following the Spin-Off, will continue to serve as a director of the Company and will also serve as a director of ESAB Corporation) were converted on a 50/50 basis into Company and ESAB stock options. The number of Company stock options beneficially owned by Mr. Vinnakota and the related exercise prices that were previously reported on Form 4 have been adjusted in connection with the closing of the Spin-Off to reflect the conversion of 50% of his Company stock options into ESAB stock options, and have also been adjusted to reflect the impact of the 1:3 reverse stock split that was effected by the Company immediately following the Spin-Off. Read SEC document |
| September 13, 2021 Filed Sep 15, 2021 22:00 UTC | Enovis CORP CFX · Entity 4797 | SaleCommon stock, par value $.001 | 2,213 | $46.76 | $103,486.52 |
DisclosureSEC source: 0001209191-21-056222 · doc4.xml · nonDerivative · entry 1 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,969 F1 · price: The price reported in this row of Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $46.76 to $46.77, inclusive. The reporting person undertakes to provide to Colfax Corporation, any security holder of Colfax Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4. Read SEC document |
| May 12, 2021 Filed May 14, 2021 23:01 UTC | Enovis CORP CFX · Entity 4797 | GrantCommon stock, par value $.001 | 3,294 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-21-032911 · doc4.xml · nonDerivative · entry 1 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 25,182 Read SEC document |
| June 15, 2020 Filed Jun 16, 2020 23:00 UTC | Enovis CORP CFX · Entity 4797 | SaleCommon stock, par value $.001 | 1,800 | $27.44 | $49,392.00 |
DisclosureSEC source: 0001209191-20-037074 · doc4.xml · nonDerivative · entry 1 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 21,888 Read SEC document |
| May 21, 2020 Filed May 26, 2020 20:00 UTC | Enovis CORP CFX · Entity 4797 | GrantDirector Stock Option (right to buy) · Derivative | 5,899 | $0.00 Strike: $26.75 | $0.00 |
DisclosureSEC source: 0001209191-20-031943 · doc4.xml · derivative · entry 2 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,899 Underlying: Common stock, par value $.001 · 5,899 shares Expires 2027-05-21 Read SEC document |
| May 21, 2020 Filed May 26, 2020 20:00 UTC | Enovis CORP CFX · Entity 4797 | GrantCommon stock, par value $.001 | 2,568 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-20-031943 · doc4.xml · nonDerivative · entry 1 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,688 Read SEC document |
| May 13, 2019 Filed May 15, 2019 20:10 UTC | Enovis CORP CFX · Entity 4797 | GrantDirector Stock Option (right to buy) · Derivative | 6,938 | $0.00 Strike: $26.50 | $0.00 |
DisclosureSEC source: 0001209191-19-029982 · doc4.xml · derivative · entry 2 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 6,938 Underlying: Common Stock, par value $.001 · 6,938 shares Expires 2026-05-13 Read SEC document |
| May 13, 2019 Filed May 15, 2019 20:10 UTC | Enovis CORP CFX · Entity 4797 | GrantCommon Stock, par value $.001 | 2,213 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-19-029982 · doc4.xml · nonDerivative · entry 1 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 21,120 Read SEC document |
| May 17, 2018 Filed May 21, 2018 20:28 UTC | Enovis CORP CFX · Entity 4797 | GrantDirector Stock Option (right to buy) · Derivative | 5,302 | $0.00 Strike: $32.54 | $0.00 |
DisclosureSEC source: 0001209191-18-031863 · doc4.xml · derivative · entry 2 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 5,302 Underlying: Common Stock, par value $.001 · 5,302 shares Expires 2025-05-16 Read SEC document |
| May 17, 2018 Filed May 21, 2018 20:28 UTC | Enovis CORP CFX · Entity 4797 | GrantCommon Stock, par value $.001 | 1,974 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-18-031863 · doc4.xml · nonDerivative · entry 1 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 18,907 Read SEC document |
| March 14, 2018 Filed Mar 15, 2018 20:21 UTC | Enovis CORP CFX · Entity 4797 | SaleCommon Stock, par value $.001 | 483 | $33.20 | $16,035.60 |
DisclosureSEC source: 0001209191-18-019838 · doc4.xml · nonDerivative · entry 1 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 16,933 F1 · kind: These shares were sold to meet tax obligations including those related to the vesting of director restricted stock units during 2017. Read SEC document |
| May 19, 2017 Filed May 22, 2017 20:13 UTC | Enovis CORP CFX · Entity 4797 | SaleCommon Stock, par value $.001 | 377 | $40.09 | $15,112.35 |
DisclosureSEC source: 0001209191-17-034275 · doc4.xml · nonDerivative · entry 2 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 17,416 Read SEC document |
| May 18, 2017 Filed May 22, 2017 20:13 UTC | Enovis CORP CFX · Entity 4797 | GrantDirector Stock Option (right to buy) · Derivative | 4,238 | $0.00 Strike: $39.66 | $0.00 |
DisclosureSEC source: 0001209191-17-034275 · doc4.xml · derivative · entry 3 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 4,238 Underlying: Common Stock, par value $.001 · 4,238 shares Expires 2024-05-17 Read SEC document |
| May 18, 2017 Filed May 22, 2017 20:13 UTC | Enovis CORP CFX · Entity 4797 | GrantCommon Stock, par value $.001 | 1,574 | $0.00 | $0.00 |
DisclosureSEC source: 0001209191-17-034275 · doc4.xml · nonDerivative · entry 1 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 17,793 Read SEC document |
| March 13, 2017 Filed Mar 14, 2017 20:30 UTC | Enovis CORP CFX · Entity 4797 | SaleCommon Stock, par value $.001 | 500 | $39.08 | $19,537.50 |
DisclosureSEC source: 0001209191-17-020524 · doc4.xml · nonDerivative · entry 1 Vinnakota Rajiv · CIK 0001431876 · Director 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 16,219 F1 · kind: These shares were sold to meet tax obligations including those related to the vesting of director restricted stock units during 2016. Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.