Celestica (NYSE: CLS) director sells shares for taxes, exercises RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Celestica Inc director Michael Max Wilson reported multiple equity transactions involving company stock and awards. On May 19, 2026, he sold 4,168 common shares at an average of $333.31 per share, with a footnote stating the sale was to satisfy tax withholding obligations from restricted share unit (RSU) vesting. After the sale, he directly held 24,718 common shares.
On the same date, he acquired 8,676 common shares through the exercise or conversion of RSUs and received a grant of 157 director share units, each representing a contingent right to one common share or cash. Several RSU grants from 2023 and 2024 fully vested upon his retirement on May 19, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,168 shares ($1,389,236)
Net Sell
10 txns
Insider
Wilson Michael Max
Role
null
Sold
4,168 shs ($1.39M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 2,146 | $0.00 | -- |
| Exercise | Restricted Share Units | 1,347 | $0.00 | -- |
| Exercise | Restricted Share Units | 1,167 | $0.00 | -- |
| Exercise | Restricted Share Units | 760 | $0.00 | -- |
| Exercise | Restricted Share Units | 1,191 | $0.00 | -- |
| Exercise | Restricted Share Units | 1,337 | $0.00 | -- |
| Exercise | Restricted Share Units | 728 | $0.00 | -- |
| Grant/Award | Director Share Units | 157 | $0.00 | -- |
| Exercise | Common Shares | 8,676 | $0.00 | -- |
| Sale | Common Shares | 4,168 | $333.31 | $1.39M |
Holdings After Transaction:
Restricted Share Units — 0 shares (Direct, null);
Director Share Units — 1,984 shares (Direct, null);
Common Shares — 28,886 shares (Direct, null)
Footnotes (1)
- Shares sold to satisfy tax withholding obligations arising out of the vesting of restricted share units ("RSUs"). The price reported was converted from Canadian dollars to U.S. dollars using the Bank of Canada exchange rate on the transaction date. Each RSU represents a contingent right to receive one common share or an equivalent value in cash at the holder's election. On June 30, 2023, the reporting person was granted 6,437 RSUs, 1/3 of which vest annually over 3 years on the anniversary of the grant date. The outstanding RSUs fully vested upon reporting person's retirement on May 19, 2026. On September 30, 2023, the reporting person was granted 4,042 RSUs, 1/3 of which vest annually over 3 years on the anniversary of the grant date. The outstanding RSUs fully vested upon reporting person's retirement on May 19, 2026. On December 31, 2023, the reporting person was granted 3,500 RSUs, 1/3 of which vest annually over 3 years on the anniversary of the grant date. The outstanding RSUs fully vested upon reporting person's retirement on May 19, 2026. On March 31, 2024, the reporting person was granted 2,280 RSUs, 1/3 of which vest annually over 3 years on the anniversary of the grant date. The outstanding RSUs fully vested upon reporting person's retirement on May 19, 2026. On June 30, 2024, the reporting person was granted 1,787 RSUs, 1/3 of which vest annually over 3 years on the anniversary of the grant date. The outstanding RSUs fully vested upon reporting person's retirement on May 19, 2026. On September 30, 2024, the reporting person was granted 2,006 RSUs, 1/3 of which vest annually over 3 years on the anniversary of the grant date. The outstanding RSUs fully vested upon reporting person's retirement on May 19, 2026. On December 31, 2024, the reporting person was granted 1,092 RSUs, 1/3 of which vest annually over 3 years on the anniversary of the grant date. The outstanding RSUs fully vested upon reporting person's retirement on May 19, 2026. Each director share unit represents a contingent right to receive one common share or an equivalent value in cash at the Issuer's discretion when the holder ceases to serve the Issuer as any of a director, consultant or other service provider.
Key Figures
Shares sold: 4,168 shares
Sale price: $333.31 per share
Shares after sale: 24,718 shares
+3 more
6 metrics
Shares sold
4,168 shares
Common shares sold on May 19, 2026 to satisfy tax withholding
Sale price
$333.31 per share
Average price for 4,168 common shares sold, converted from CAD
Shares after sale
24,718 shares
Common shares directly held following the reported sale
RSU conversions
8,676 shares
Common shares acquired through RSU exercises/conversions on May 19, 2026
Director share units granted
157 units
New director share units awarded on May 19, 2026
Director share units outstanding
1,984 units
Total director share units held after the award
Key Terms
restricted share units, director share units, tax withholding obligations, contingent right, +1 more
5 terms
tax withholding obligations financial
"Shares sold to satisfy tax withholding obligations arising out of the vesting of restricted share units"
contingent right financial
"Each RSU represents a contingent right to receive one common share or an equivalent value in cash"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did Celestica (CLS) director Michael Max Wilson report?
Michael Max Wilson reported selling 4,168 Celestica common shares and acquiring 8,676 shares through restricted share unit (RSU) exercises, plus 157 director share units. These actions reflect routine compensation-related equity activity around the time of his retirement.