CECO CEO reports new stock and option awards
CECO Environmental CEO Todd R. Gleason reported new equity awards and related tax withholding.
Rhea-AI Filing Summary
CECO Environmental CEO Todd R. Gleason reported new equity awards and related tax withholding. He received a grant of 75,055 shares of Common Stock as compensation, with 29,535 shares withheld at $54.85 per share to cover taxes on vesting restricted stock units, leaving 452,798 shares held directly.
He was also granted a stock option for 17,563 shares at a $57.06 exercise price, vesting in three equal annual installments beginning March 16, 2027 and expiring March 16, 2036. The filing lists substantial existing option and performance-based restricted stock unit positions, plus small indirect holdings for his children.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
Gleason Todd R
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (right to buy) | 17,563 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 75,055 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 29,535 | $54.85 | $1.62M |
| 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:
Stock Option (right to buy) — 1,025,462 contracts for 1,007,899 underlying shares (Direct);
Common Stock — 452,798 shares (Direct);
Restricted Stock Units — 375,000 contracts (Direct);
Common Stock — 444 shares (Indirect, By first son);
Common Stock — 444 shares (Indirect, By second son);
Common Stock — 444 shares (Indirect, By third son);
Common Stock — 444 shares (Indirect, By daughter)
Footnotes (10)
- F1. Represents performance share units earned.
- F2. Reflects shares withheld for net settlement to cover the tax liability for the vesting of restricted stock units.
- F3. The stock option vests in three equal annual installments beginning on March 16, 2027, and expires on March 16, 2036.
- F4. The stock option vested in four installments beginning on June 6, 2021, and expires on June 6, 2027.
- F5. The stock option vested in four installments beginning on June 6, 2021, and expires on June 6, 2027
- F6. The stock option vests in three equal annual installments beginning on March 15, 2025, and expires on March 15, 2034.
- F7. The stock option vests in three equal annual installments beginning on March 17, 2026, and expires on March 17, 2035.
- F8. Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Company's stock.
- F9. 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.
- F10. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CECO (CECO) CEO Todd Gleason report on this Form 4?
Todd R. Gleason reported equity compensation changes, including new stock and option awards plus tax withholding. He received 75,055 Common Stock shares and 17,563 stock options, alongside an automatic withholding of 29,535 shares to satisfy tax obligations on restricted stock unit vesting.
What new stock option award did the CECO CEO receive?
Todd R. Gleason received a stock option for 17,563 shares of CECO common stock at a $57.06 exercise price. The option vests in three equal annual installments starting March 16, 2027 and expires on March 16, 2036, aligning value with longer-term company performance.
What performance-based restricted stock units does the CECO CEO hold?
The CEO holds performance-based restricted stock units tied to CECO common stock. Conversions are scheduled for July 5, 2027 and June 4, 2029, if he remains employed and specified stock price targets are met over the performance periods, directly linking award value to share performance.
What other equity awards remain outstanding for the CECO CEO?
The filing lists multiple stock option positions with exercise prices of $6.36, $12.72, $21.31 and $23.50, plus performance-based restricted stock units. These positions represent significant remaining equity exposure, complementing his direct common stock holdings and aligning interests with longer-term shareholder outcomes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
