Celestica (CLS) CFO earns 183,674 performance share units at 200% of target

Rhea-AI Filing Summary

Celestica Inc.’s Chief Financial Officer, Mandeep Chawla, reported an award of derivative securities in the form of performance share units (PSUs). On January 29, 2026, he acquired 183,674 PSUs at a price of $0 per unit, held as direct ownership.

Each PSU represents a contingent right to receive one common share of Celestica or an equivalent cash value. These PSUs were deemed earned after the Human Resources and Compensation Committee certified that pre-established performance parameters were achieved at 200% of target. The common shares underlying these PSUs are scheduled to be issued to Chawla following vesting on January 31, 2026.

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).

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^*

Chawla Mandeep

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026

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
Performance Share Units	(1)	01/29/2026		A		183,674		01/31/2026	(2)	Common Shares	183,674	$0	183,674	D

Explanation of Responses:

1. Each performance share unit ("PSU") represents a contingent right to receive one common share or an equivalent value in cash.

2. Reflects PSUs deemed earned upon Human Resources and Compensation Committee certification of the achievement of pre-established performance parameters at 200% of the target. The common shares underlying these PSUs will be issued to the reporting person following the vest on January 31, 2026.

	/s/ Tracy Connelly McGilley, attorney-in-fact	01/30/2026
	** 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).
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FAQ

What insider transaction did Celestica (CLS) report for CFO Mandeep Chawla?

Celestica reported that CFO Mandeep Chawla acquired 183,674 performance share units (PSUs) on January 29, 2026. These PSUs are derivative securities awarded at a price of $0 per unit and are directly owned by him.

What does each performance share unit represent for Celestica (CLS) CFO?

Each Celestica performance share unit (PSU) gives the CFO a contingent right to receive one common share or an equivalent cash value. This links his compensation directly to the company’s share performance and the achievement of specified performance goals.

How many Celestica (CLS) PSUs did the CFO earn and at what performance level?

The CFO earned 183,674 PSUs after the Human Resources and Compensation Committee certified that pre-established performance parameters were met at 200% of the target. This reflects maximum or above-target achievement under the PSU performance framework.

When will Celestica (CLS) common shares from the PSUs be issued to the CFO?

The common shares underlying the 183,674 PSUs will be issued to the CFO following vesting on January 31, 2026. At that time, he will receive either common shares or an equivalent cash value, as specified in the plan.

Are Celestica (CLS) CFO’s performance share units held directly or indirectly?

The Form 4 indicates the 183,674 PSUs are held under direct (D) ownership by the CFO. There is no footnote indicating voting or investment control by another entity, so the award is attributed directly to him.

What type of security was involved in this Celestica (CLS) insider filing?

The filing involves derivative securities classified as Performance Share Units. These units convert into Celestica common shares or equivalent cash value after vesting, tying the CFO’s potential payout to share-based performance conditions.