CECO (NASDAQ: CECO) CAO reports 460-share tax withholding on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CECO Environmental Corp’s Chief Accounting Officer, Kiril Kovachev, reported a routine tax-related share disposition. On the reported date, 460 shares of common stock were withheld at $82.15 per share to cover taxes tied to vesting of restricted stock units. After this net share settlement, Kovachev directly held 15,801 shares of CECO common stock, so the tax withholding represents a small portion of his overall reported holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kovachev Kiril
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 460 | $82.15 | $38K |
Holdings After Transaction:
Common Stock — 15,801 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 460 shares
Price per share: $82.15 per share
Shares held after transaction: 15,801 shares
+1 more
4 metrics
Shares withheld for taxes
460 shares
Tax-withholding disposition for RSU vesting
Price per share
$82.15 per share
Value used for 460 withheld shares
Shares held after transaction
15,801 shares
Direct holdings after tax withholding
Transaction type
Tax-withholding disposition (Code F)
Payment of tax liability by delivering securities
Key Terms
restricted stock units, tax-withholding disposition, Form 4, Chief Accounting Officer
4 terms
restricted stock units financial
"Reflects shares withheld for net settlement to cover the tax liability for the vesting of restricted stock units."
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for the 460 withheld shares."
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4): disclosure of the executive’s tax-related share disposition."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Chief Accounting Officer financial
"Kiril Kovachev serves as Chief Accounting Officer of CECO Environmental Corp."
A chief accounting officer is a senior executive responsible for overseeing a company's financial records and ensuring all accounting practices are accurate and compliant with regulations. They play a key role in preparing financial reports that help investors understand the company's financial health, much like a trusted navigator guiding a ship through complex waters. Their work ensures transparency and trust in the company's financial information.
FAQ
What did CECO (CECO) executive Kiril Kovachev report in this Form 4?
Kiril Kovachev reported a tax-related share disposition. 460 CECO shares were withheld to cover taxes on vested restricted stock units, leaving him with 15,801 shares held directly after the transaction.