CLS Form 4: Director Kulvinder Ahuja Receives 144 Director Share Units

Rhea-AI Filing Summary

Celestica Inc. director Kulvinder Ahuja received 144 director share units on 09/30/2025 under a non‑derivative award that vests to one common share (or cash equivalent) when the holder ceases service. The reported acquisition shows a $0 price per unit, and following the grant Ahuja beneficially owns 377 common shares in direct form. The filing was submitted on 10/01/2025 and signed by an attorney‑in‑fact. The director share unit plan creates a contingent right to receive common shares or cash at termination of service.

Positive

• 144 director share units granted to a director on 09/30/2025, indicating board compensation alignment with equity incentives
• Beneficial ownership increased to 377 common shares in direct form following the grant
• Clear disclosure of the nature of director share units and the conversion/cash settlement condition

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 144 DSUs increasing direct ownership to 377 shares; transaction is a routine equity award, not a market sale.

This Form 4 records a grant of 144 director share units to a board member on 09/30/2025 at a reported price of $0, consistent with typical board compensation practices where units convert to shares or cash upon cessation of service. The filing shows direct beneficial ownership of 377 shares after the grant. There are no cash dispositions, option exercises, or changes to outstanding derivative exposures disclosed. For investors, this is an insider compensation disclosure rather than a trading signal.

Corporate Governance Expert

TL;DR: Grant reflects routine director compensation via deferred share units that vest on service termination; disclosure is timely and standard.

The explanation clarifies these are contingent director share units payable in common shares or cash when the director leaves service, which aligns with common governance practices to align long‑term incentives. The Form 4 lists the reporting person as a director and the filing was executed by an attorney‑in‑fact, indicating administrative processing. No unusual governance items or material corporate events are reported.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Ahuja Kulvinder

(Last) (First) (Middle)

5140 YONGE STREET

SUITE 1900

(Street)

TORONTO A6 M2N 6L7

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CELESTICA INC [ CLS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Director Share Units	(1)	09/30/2025		A		144		(1)	(1)	Common Shares	144	$0	377	D

Explanation of Responses:

1. 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.

	/s/ Tracy Connelly McGilley, attorney-in-fact	10/01/2025
	** 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.

FAQ

What did Kulvinder Ahuja acquire in the Form 4 for CLS?

The filing reports an acquisition of 144 director share units on 09/30/2025, each representing a contingent right to one common share or cash.

How many Celestica (CLS) shares does Kulvinder Ahuja beneficially own after the transaction?

Following the reported transaction, Ahuja beneficially owns 377 common shares in direct form.

What price was reported for the director share units in the Form 4?

The transaction is reported at a $0 price for the director share units.

When was the transaction and when was the Form 4 filed?

The transaction date is 09/30/2025 and the Form 4 was submitted with a signature date of 10/01/2025.

What is the payout condition for the director share units?

Each director share unit represents a contingent right to receive one common share or an equivalent cash value when the holder ceases to serve as a director, consultant, or service provider.