CLS Form 4: Director Francoise Colpron receives 155 director share units
Rhea-AI Filing Summary
Celestica director Francoise Colpron received 155 director share units on 09/30/2025, increasing her direct beneficial ownership to 404 common shares. Each director share unit is a contingent right to one common share or cash equivalent at the issuer's discretion when the holder stops serving as a director or other service provider. The units were granted at no cash price and are recorded as an acquisition on Form 4. The filing was signed by an attorney-in-fact on 10/01/2025. This disclosure reflects a routine equity grant to a non-employee director rather than an open-market purchase.
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Insights
TL;DR: Routine director equity grant—small share-unit award that modestly increases insider ownership; no cash paid.
The Form 4 shows a non-derivative acquisition of 155 director share units for Francoise Colpron on 09/30/2025, bringing reported direct beneficial ownership to 404 shares. The units carry a contingent right to one common share or cash on termination of service and were recorded at $0 cash price. This is a standard board compensation mechanism and, based solely on the disclosure, has limited immediate financial impact on the company or capital structure.
TL;DR: Governance-standard award aligning director pay with shareholder interests; disclosure is complete for this grant.
The filing documents a board compensation award typical for non-employee directors: 155 director share units convertible to shares or cash upon cessation of service. The form identifies the reporting person as a director and records the grant as an acquisition with no purchase price. The explanation clarifies conversion conditions. From a governance perspective, the disclosure is appropriate and transparent regarding the nature and timing of the award.