STOCK TITAN

CECO (NASDAQ: CECO) CAO reports 460-share tax withholding on RSU vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

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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)
  1. [object Object]
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
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.
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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.

Was the CECO (CECO) Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The company withheld 460 shares to satisfy tax obligations from vesting restricted stock units, as described in the footnote.

How many CECO (CECO) shares were involved in the tax withholding?

The filing reports that 460 shares of CECO common stock were withheld. These shares were used to cover the tax liability associated with the vesting of restricted stock units awarded to the executive.

What price per share is shown in Kiril Kovachev’s CECO Form 4 transaction?

The Form 4 lists a value of $82.15 per share for the 460 shares withheld. This amount is used to calculate the value of shares applied toward satisfying the executive’s tax obligation on vested restricted stock units.

How many CECO (CECO) shares does Kiril Kovachev hold after this Form 4 transaction?

After the tax-withholding disposition, Kiril Kovachev is reported to directly hold 15,801 CECO shares. This indicates the 460 shares withheld for taxes are a relatively small portion of his total reported holdings.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kovachev Kiril

(Last)(First)(Middle)
5080 SPECTRUM DRIVE
SUITE 800E

(Street)
ADDISON TEXAS 75001

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
CECO ENVIRONMENTAL CORP [ CECO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/05/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock07/05/2026F(1)460D$82.1515,801D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Reflects shares withheld for net settlement to cover the tax liability for the vesting of restricted stock units.
/s/ Kiril Kovachev07/07/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)