[Form 4] CECO ENVIRONMENTAL CORP Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CECO Environmental Corp senior vice president and chief financial officer Peter K. Johansson reported routine equity-related activity. On March 31, 653 shares of common stock were withheld at a price of $59.58 per share to satisfy tax obligations, leaving him with 70,726 common shares held directly.
He also holds performance-based restricted stock units tied to the company’s common stock. Footnotes state 47,247 units are scheduled to convert to shares on July 5, 2027, and 30,000 units on September 12, 2029, in each case only if he remains employed and specified stock price targets are achieved over the performance periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Johansson Peter K.
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 653 | $59.58 | $39K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 70,726 shares (Direct);
Restricted Stock Units — 47,247 shares (Direct)
Footnotes (1)
- Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Company's stock. Conversion of restricted stock units to the Company's common stock will occur on July 5, 2027 assuming the reporting person is still employed by the Company and if the shares of the Company's common stock have achieved certain stock price targets over the course of the performance period. Conversion of restricted stock units to the Company's common stock will occur on September 12, 2029 assuming the reporting person is still employed by the Company and if the shares of the Company's common stock have achieved certain stock price targets over the course of the performance period.
Key Figures
Tax-withheld shares: 653 shares
Tax-withholding price: $59.58 per share
Common shares held: 70,726 shares
+3 more
6 metrics
Tax-withheld shares
653 shares
Common stock delivered for tax liability at $59.58 per share on March 31, 2026
Tax-withholding price
$59.58 per share
Value used for 653-share tax-withholding disposition on March 31, 2026
Common shares held
70,726 shares
Direct CECO common stock ownership after March 31, 2026 tax-withholding
RSUs converting 2027
47,247 units
Performance-based RSUs scheduled to convert on July 5, 2027 if conditions are met
RSUs converting 2029
30,000 units
Performance-based RSUs scheduled to convert on September 12, 2029 if conditions are met
Tax-withholding shares summary
653 shares
TaxWithholdingShares from transaction summary for Form 4
Key Terms
Restricted Stock Units, performance-based restricted stock units, tax-withholding disposition, contingent right
4 terms
Restricted Stock Units financial
"The CFO also holds performance-based restricted stock units tied to the company’s common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based restricted stock units financial
"Footnotes state 47,247 units are scheduled to convert to shares on July 5, 2027, and 30,000 units on September 12, 2029, in each case only if he remains employed and specified stock price targets are achieved over the performance periods."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax-withholding disposition financial
"On March 31, 653 shares of common stock were withheld at a price of $59.58 per share to satisfy tax obligations, leaving him with 70,726 common shares held directly."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the Company's stock."
FAQ
What did CECO (CECO) CFO Peter Johansson report in this Form 4?
Peter K. Johansson reported a routine tax-withholding disposition of 653 CECO common shares and updated his equity holdings. The filing also details sizable performance-based restricted stock unit positions scheduled to convert into common shares if employment and stock price conditions are met.
What performance-based restricted stock units does the CECO CFO hold?
The CFO holds performance-based restricted stock units representing 47,247 underlying CECO shares and a separate block representing 30,000 shares. Each restricted stock unit gives a contingent right to receive one common share, subject to employment and stock price performance conditions over specified periods.
Does this CECO Form 4 show an open-market sale by the CFO?
No, the filing shows a tax-withholding disposition of 653 shares, not an open-market sale. Shares were delivered to cover tax obligations tied to equity compensation, a common administrative step that does not represent a discretionary purchase or sale in the market.