CECO Environmental Corp (CECO) director receives 3,190-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SACHS VALERIE GENTILE reported acquisition or exercise transactions in this Form 4 filing.
CECO Environmental Corp director Valerie Gentile Sachs received an equity grant of 3,190 shares of common stock as compensation. The award was granted at no cash cost to her and will vest on May 15, 2027. This grant increased her direct holdings to 105,334 shares of CECO common stock.
The footnotes state that 975 of the granted shares are issued in lieu of annual cash fees normally paid to the director, reflecting a shift toward stock-based board compensation rather than cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SACHS VALERIE GENTILE
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,190 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 105,334 shares (Direct, null)
Footnotes (1)
- Shares will vest on May 15, 2027. Includes grant of 975 shares of common stock in lieu of annual cash fees paid to the director.
Key Figures
Shares granted: 3,190 shares
Grant price: $0.0000 per share
Holdings after grant: 105,334 shares
+2 more
5 metrics
Shares granted
3,190 shares
Common stock award on June 1, 2026
Grant price
$0.0000 per share
Equity compensation, non-cash award
Holdings after grant
105,334 shares
Total direct CECO common stock after transaction
Shares in lieu of cash fees
975 shares
Portion of grant replacing annual cash director fees
Vesting date
May 15, 2027
Vesting schedule for granted shares
Key Terms
Grant, award, or other acquisition, Common Stock, vesting, annual cash fees
4 terms
Grant, award, or other acquisition financial
"transaction code description is “Grant, award, or other acquisition” for the shares"
Common Stock financial
"security title for the transaction is listed as Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
vesting financial
"footnote states the shares will vest on May 15, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual cash fees financial
"footnote notes 975 shares are granted in lieu of annual cash fees"
FAQ
What did CECO (CECO) director Valerie Gentile Sachs report in this Form 4?
She reported receiving a grant of 3,190 shares of CECO common stock as director compensation. The grant was awarded at no cash cost and increased her direct holdings to 105,334 shares following the transaction.
Is the CECO (CECO) Form 4 transaction a stock purchase or a grant?
The transaction is a stock grant, not an open-market purchase. The Form 4 shows an “A” code, meaning an award or other acquisition, with 3,190 shares granted at a price of $0.0000 per share as equity compensation.
Did CECO (CECO) pay any cash to the director in this Form 4 transaction?
No cash payment is shown for this transaction. The Form 4 reports a grant of 3,190 shares at a price of $0.0000 per share, indicating a non-cash equity award rather than a cash compensation payment.
What portion of the CECO (CECO) grant replaces annual cash fees to the director?
According to the footnotes, 975 of the 3,190 granted shares are issued instead of annual cash fees. This means part of the director’s normal cash compensation is being delivered in CECO stock rather than cash.