CECO Environmental (NASDAQ: CECO) CFO logs tax share withholding
Rhea-AI Filing Summary
CECO ENVIRONMENTAL CORP executive Peter K. Johansson, SVP and Chief Financial Officer, reported an automatic tax-related disposition of company stock. On 2026-08-15, 2,914 shares of common stock were withheld at $79.59 per share to cover tax liabilities from vested restricted stock units, leaving him with 37,832 directly held common shares.
Johansson also reports performance-based restricted stock units that may convert into 47,247 shares of common stock on July 5, 2027 and 30,000 shares on September 12, 2029, in each case contingent on continued employment and achievement of specified stock price targets.
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Insights
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Insider Trade Summary
Net Seller: 2,914 shares
Net Sell
3 txns
Insider
Johansson Peter K.
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 2,914 | $79.59 | $232K |
| holding | Restricted Stock Units F2, F3 | -- | -- | -- |
| holding | Restricted Stock Units F2, F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 37,832 shares (Direct);
Restricted Stock Units — 77,247 shares (Direct)
Footnotes (4)
- F1. Reflects shares withheld for net settlement to cover the tax liability for the vesting of restricted stock units.
- F2. Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Company's stock.
- F3. 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.
- F4. 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 withheld for tax: 2,914 shares
Withholding price: $79.59 per share
Shares held after transaction: 37,832 shares
+2 more
5 metrics
Shares withheld for tax
2,914 shares
Common stock withheld on 2026-08-15 to cover tax liability on RSU vesting
Withholding price
$79.59 per share
Value per share for 2,914 withheld common shares
Shares held after transaction
37,832 shares
Directly held CECO common stock following 2026-08-15 withholding
Underlying shares RSUs (2027)
47,247 shares
Performance-based RSUs convertible to common stock on July 5, 2027, if conditions are met
Underlying shares RSUs (2029)
30,000 shares
Performance-based RSUs convertible to common stock on September 12, 2029, if conditions are met
Key Terms
Restricted Stock Units, performance-based restricted stock units, net settlement, contingent right
4 terms
Restricted Stock Units financial
"The security title is listed as "Restricted Stock Units" with underlying common stock."
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.
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.
net settlement financial
"Reflects shares withheld for net settlement to cover the tax liability"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
What insider transaction did CECO (CECO) disclose for CFO Peter K. Johansson?
CECO disclosed that CFO Peter K. Johansson had 2,914 shares of common stock withheld on 2026-08-15 to cover tax liabilities from vested restricted stock units. This was reported as a code F tax-withholding transaction, not an open-market sale.
What performance-based restricted stock units does CECO (CECO) CFO Peter K. Johansson report?
Johansson reports performance-based restricted stock units linked to 47,247 underlying shares and 30,000 underlying shares of CECO common stock. Each unit represents a contingent right to receive one share if employment and stock price performance conditions are met.
When could Peter K. Johansson’s CECO (CECO) performance-based RSUs convert to common stock?
The performance-based RSUs may convert into CECO common stock on July 5, 2027 for 47,247 shares and on September 12, 2029 for 30,000 shares, assuming continued employment and achievement of specified stock price targets during the performance periods.
AI-generated analysis. How Rhea-AI works. Not financial advice.
