CECO Environmental (CECO) CEO logs routine tax-withholding share transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CECO Environmental CEO Todd R. Gleason reported a routine tax-related share disposition. On this Form 4, 2,110 shares of common stock were withheld at $59.58 per share to cover tax liabilities from vesting restricted stock units. After this net settlement, he directly holds 450,688 common shares.
He also has significant equity incentives, including stock options on 316,902 shares at $6.36, 598,204 shares at $12.72, and smaller grants at higher exercise prices, plus performance-based restricted stock units covering 225,000 and 150,000 shares that may convert in 2027 and 2029 if employment and stock price targets are met.
Positive
- None.
Negative
- None.
Insights
Filing shows routine tax withholding, not an open-market sale.
The Form 4 for CECO Environmental CEO Todd R. Gleason reports an F-code transaction, where 2,110 shares were withheld at $59.58 to satisfy tax obligations from RSU vesting. This is a mechanical step tied to compensation, not a discretionary trade.
Following the withholding, he still directly owns 450,688 common shares and holds substantial stock options and performance-based RSUs with exercise prices from $6.36 to $57.06. The filing also notes performance RSUs that can convert in 2027 and 2029 if employment and stock price conditions are achieved.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Gleason Todd R
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,110 | $59.58 | $126K |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 450,688 shares (Direct);
Stock Option (right to buy) — 316,902 shares (Direct);
Restricted Stock Units — 225,000 shares (Direct);
Common Stock — 444 shares (Indirect, By first son)
Footnotes (1)
- Reflects shares withheld for net settlement to cover the tax liability for the vesting of restricted stock units. The stock option vested in four installments beginning on June 6, 2021, and expires on June 6, 2027. The stock option vests in three equal annual installments beginning on March 15, 2025, and expires on March 15, 2034. The stock option vests in three equal annual installments beginning on March 17, 2026, and expires on March 17, 2035. The stock option vests in three equal annual installments beginning on March 16, 2027 and expires on March 16, 2036. 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 June 4, 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: 2,110 shares at $59.58
Common shares owned: 450,688 shares
Stock options at $6.36: 316,902 underlying shares
+3 more
6 metrics
Tax-withheld shares
2,110 shares at $59.58
Shares withheld to cover RSU tax liability on 2026-03-31
Common shares owned
450,688 shares
Direct common stock ownership after transaction
Stock options at $6.36
316,902 underlying shares
Stock option (right to buy) exercise price $6.36
Stock options at $12.72
598,204 underlying shares
Stock option (right to buy) exercise price $12.72
Performance RSUs 2027
225,000 units
Performance-based RSUs convertible on July 5, 2027 if conditions met
Performance RSUs 2029
150,000 units
Performance-based RSUs convertible on June 4, 2029 if conditions met
Key Terms
Restricted Stock Units, performance-based restricted stock units, exercise price, net settlement, +1 more
5 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.
performance-based restricted stock units financial
"Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share"
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.
exercise price financial
"The stock option vested in four installments beginning on June 6, 2021, and expires on June 6, 2027."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
net settlement financial
"Reflects shares withheld for net settlement to cover the tax liability for the vesting of restricted stock units."
stock price targets financial
"if the shares of the Company's common stock have achieved certain stock price targets over the course of the performance period."
FAQ
What insider transaction did CECO (CECO) disclose in this Form 4?
CECO reported that CEO Todd R. Gleason had 2,110 shares of common stock withheld at $59.58 per share to cover tax liabilities from vesting restricted stock units. This is coded as an F transaction, indicating tax-withholding disposition, not an open-market sale.
What stock options does the CECO (CECO) CEO have outstanding?
The CEO holds several stock option awards, including options on 316,902 shares at $6.36 and 598,204 shares at $12.72 per share, plus smaller grants at higher exercise prices. These options provide the right to buy CECO common stock at preset prices.
What performance-based RSUs are reported for CECO (CECO) CEO Todd R. Gleason?
He holds performance-based restricted stock units on 225,000 and 150,000 shares. These RSUs may convert into common stock on July 5, 2027 and June 4, 2029, assuming continued employment and achievement of specified stock price targets over the performance periods.
Is the CECO (CECO) CEO’s Form 4 transaction a buy or sell signal?
The filing reports a tax-withholding disposition, not an open-market buy or sell. Shares were withheld to cover tax liabilities from RSU vesting, a routine administrative step in equity compensation that does not reflect an active trading decision by the CEO.