CECO Environmental (CECO) CFO sells 30,000 shares at $96.49 avg
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CECO Environmental Corp's SVP and Chief Financial Officer Peter K. Johansson reported an open-market sale of 30,000 shares of common stock at a weighted average price of $96.4934 per share, with individual trade prices ranging from $96.08 to $97.00.
After the sale, he directly holds 40,746 shares of common stock. He also holds performance-based restricted stock units covering 30,000 underlying shares scheduled to convert on July 5, 2027 and 47,247 underlying shares scheduled to convert on September 12, 2029, in each case contingent on continued employment and achievement of specified stock price targets.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 30,000 shares ($2,894,802)
Net Sell
3 txns
Insider
Johansson Peter K.
Role
SVP, Chief Financial Officer
Sold
30,000 shs ($2.89M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 30,000 | $96.4934 | $2.89M |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 40,746 shares (Direct, null);
Restricted Stock Units — 47,247 shares (Direct, null)
Footnotes (1)
- Price reflects the weighted average sale price for multiple transactions that ranged from $96.08 to $97.00 per share. The Reporting Person undertakes to provide, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. 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
Shares sold: 30,000 shares
Weighted average sale price: $96.4934 per share
Shares held after sale: 40,746 shares
+3 more
6 metrics
Shares sold
30,000 shares
Open-market sale of common stock on June 24, 2026
Weighted average sale price
$96.4934 per share
Common stock sale, trades from $96.08 to $97.00
Shares held after sale
40,746 shares
Direct common stock ownership following transaction
Performance RSUs block 1
30,000 underlying shares
Restricted stock units, contingent conversion on July 5, 2027
Performance RSUs block 2
47,247 underlying shares
Restricted stock units, contingent conversion on September 12, 2029
RSU exercise price
$0.0000
Exercise price for performance-based restricted stock units
Key Terms
Restricted Stock Units, weighted average sale price, performance-based restricted stock units, contingent right
4 terms
Restricted Stock Units financial
"Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right..."
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.
weighted average sale price financial
"Price reflects the weighted average sale price for multiple transactions that ranged from $96.08 to $97.00..."
performance-based restricted stock units financial
"Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right..."
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of the Company's stock."
FAQ
What insider transaction did CECO (CECO) disclose for Peter K. Johansson?
CECO disclosed that SVP and Chief Financial Officer Peter K. Johansson sold 30,000 shares of common stock in open-market transactions. The weighted average sale price was $96.4934 per share, based on multiple trades between $96.08 and $97.00.
What restricted stock units does the CECO (CECO) CFO currently hold?
The CECO CFO holds performance-based restricted stock units covering 30,000 underlying shares and 47,247 underlying shares. These units each represent a contingent right to receive one common share if certain conditions are satisfied.
When can the CECO (CECO) CFO’s restricted stock units convert to common stock?
Conversion of one block of restricted stock units is scheduled for July 5, 2027, and another for September 12, 2029. Each conversion depends on continued employment and achievement of specified stock price targets during the performance period.