What is the nature of the 3,443-share CECO stock grant to Richard F. Wallman?

The 3,443-share grant is a stock award with a transaction price of $0.00, reflecting equity compensation. It includes 1,228 shares issued instead of annual cash director fees, and the granted shares are scheduled to vest on May 15, 2027.

CECO Environmental (NASDAQ: CECO) director buys 20,000 shares and receives stock grant

Filing Impact

(High)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

CECO Environmental director Richard F. Wallman reported two Common Stock transactions. He made an open-market purchase of 20,000 shares at a weighted average price of $76.8469 per share, held indirectly through his spouse. He also acquired 3,443 shares as a stock grant with no cash paid. Following these transactions, he holds 105,500 shares indirectly and 233,352 shares directly. A portion of the grant, including 1,228 shares received in lieu of annual cash director fees, is scheduled to vest on May 15, 2027.

Insights

Director adds CECO exposure via $76.85 open-market buy plus stock grant.

Director Richard F. Wallman reported a net increase in CECO Environmental equity through a 20,000-share open-market purchase and a 3,443-share stock grant. The purchase used a weighted average price of $76.8469 across trades ranging from $75.00 to $78.75.

The grant includes 1,228 shares issued instead of annual cash fees, with all grant shares vesting on May 15, 2027. After these transactions, he holds 233,352 shares directly and 105,500 shares indirectly via his spouse. With no derivative positions reported, his exposure is entirely in common stock.

The open-market purchase is an active buy decision, while the award and fee-in-lieu shares are compensation-related. Overall scale appears meaningful for one director but routine relative to typical equity-based board compensation structures.

Insider Trade Summary

Net Buyer: 20,000 shares ($1,536,938)

Net Buy 2 txns

Insider WALLMAN RICHARD F

Role null

Bought 20,000 shs ($1.54M)

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,443	$0.00	--
Purchase	Common Stock	20,000	$76.8469	$1.54M

Holdings After Transaction: Common Stock — 233,352 shares (Direct, null); Common Stock — 105,500 shares (Indirect, By spouse)

Footnotes (1)

Includes grant of 1,228 shares of common stock in lieu of annual cash fees paid to the director. Shares will vest May 15, 2027. Price reflects the weighted average purchase price for multiple transactions that ranged from $75.00 to $78.75 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 purchased at each separate price.

Key Figures

Open-market purchase: 20,000 shares Purchase price: $76.8469 per share Stock grant: 3,443 shares +4 more

7 metrics

Open-market purchase 20,000 shares Common Stock bought on June 1, 2026

Purchase price $76.8469 per share Weighted average price; trades $75.00–$78.75

Stock grant 3,443 shares Common Stock award at $0.00 per share

Fee-in-lieu shares 1,228 shares Grant in lieu of annual director cash fees

Grant vesting date May 15, 2027 Vesting schedule for granted shares

Direct holdings 233,352 shares Common Stock held directly after transactions

Indirect holdings 105,500 shares Common Stock held indirectly by spouse after purchase

Key Terms

open-market purchase, Grant, award, or other acquisition, weighted average purchase price, in lieu of annual cash fees, +1 more

5 terms

open-market purchase financial

"transaction_action: "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

weighted average purchase price financial

"Price reflects the weighted average purchase price for multiple transactions"

The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.

in lieu of annual cash fees financial

"Includes grant of 1,228 shares of common stock in lieu of annual cash fees"

vest financial

"Shares will vest May 15, 2027."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

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Form 4 Insider Transactions: What Each Field Means →

06/03/2026 - 07:35 PM

SEC Form 4

FORM 4

UNITED 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^*

WALLMAN RICHARD F

(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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/01/2026		A		3,443⁽¹⁾⁽²⁾	A	$0	233,352	D
Common Stock	06/01/2026		P		20,000	A	$76.8469⁽³⁾	105,500	I	By spouse

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes grant of 1,228 shares of common stock in lieu of annual cash fees paid to the director.

2. Shares will vest May 15, 2027.

3. Price reflects the weighted average purchase price for multiple transactions that ranged from $75.00 to $78.75 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 purchased at each separate price.

Remarks:

Exhibit 24: Power of Attorney

	/s/ Kiril Kovachev as Attorney-in-Fact for Richard F Wallman	06/03/2026
	** Signature of Reporting Person	Date
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did CECO (CECO) director Richard F. Wallman report?

He reported two transactions in CECO common stock: a 20,000-share open-market purchase at a weighted average price of $76.8469, and a 3,443-share stock grant received as equity compensation with no cash cost.

How many CECO shares does Richard F. Wallman hold after these Form 4 transactions?

After the reported transactions, Richard F. Wallman holds 233,352 CECO common shares directly and 105,500 shares indirectly through his spouse, according to the post-transaction ownership figures disclosed in the Form 4 filing.

What price did Richard F. Wallman pay for his CECO open-market purchase?

The 20,000 CECO shares were bought at a weighted average price of $76.8469 per share, with individual trades executed in a range from $75.00 to $78.75 per share, as detailed in the transaction footnote.

How are Richard F. Wallman’s indirect CECO shareholdings structured?

The Form 4 states that 20,000 CECO shares involved in the open-market purchase are held indirectly, noted as "By spouse". This brings his disclosed indirect ownership to 105,500 common shares following the transaction.