CECO (CECO) CFO receives stock grants and settles tax via share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CECO Environmental’s SVP and CFO Peter K. Johansson reported equity-based compensation and related tax withholding. He received grants of 16,083 and 3,944 shares of common stock at no cost, while 4,967, 1,731 and 1,570 shares were withheld to cover tax liabilities on vesting.
After these transactions he directly holds 71,379 common shares. He also holds performance-based restricted stock units covering 47,247 and 30,000 underlying shares, which may convert to common stock on July 5, 2027 and September 12, 2029 if continued employment and stock price targets are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Johansson Peter K.
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,570 | $57.06 | $90K |
| Grant/Award | Common Stock | 3,944 | $0.00 | -- |
| Grant/Award | Common Stock | 16,083 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,967 | $54.85 | $272K |
| Tax Withholding | Common Stock | 1,731 | $54.50 | $94K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 71,379 shares (Direct);
Restricted Stock Units — 47,247 shares (Direct)
Footnotes (1)
- Represents performance share units earned. Reflects shares withheld for net settlement to cover the tax liability for the vesting of restricted stock units. 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.
FAQ
What insider transactions did CECO (CECO) CFO Peter Johansson report?
Peter Johansson reported equity compensation and tax-related share withholdings. He received grants of 16,083 and 3,944 CECO common shares, while 4,967, 1,731 and 1,570 shares were withheld to cover tax liabilities tied to restricted stock unit vesting.
What performance-based RSUs does CECO’s CFO currently hold?
The CFO holds performance-based restricted stock units tied to 47,247 and 30,000 underlying CECO common shares. Each unit can convert into one share if employment continues and specified stock price targets are achieved over the performance periods.
When can CECO CFO’s performance RSUs convert into common stock?
Conversion of one RSU tranche is scheduled for July 5, 2027, and another for September 12, 2029. Each conversion depends on the CFO remaining employed and CECO’s share price meeting defined targets during the respective performance periods.
Does this CECO Form 4 show the CFO buying or selling on the market?
The filing does not show open-market buying or selling. It reflects stock awards granted at no cost and share withholdings for taxes, which are standard compensation and settlement practices rather than discretionary trades in CECO stock.