CLS Form 4: Director Maletira Amar granted 289 share units on 09/30/2025
Rhea-AI Filing Summary
Maletira Amar, a director of Celestica Inc. (CLS), acquired 289 director share units on 09/30/2025. Each unit is a contingent right to receive one common share or cash equivalent when the holder ceases to serve the issuer as a director, consultant, or service provider. The reported transaction shows 755 common shares beneficially owned following the award. The units carry no purchase price ($0) and were reported on Form 4 with a signature executed by an attorney-in-fact on 10/01/2025.
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Insights
TL;DR: Routine director compensation granted as share units increases insider alignment without immediate cash outlay.
The 289 director share units are a grant of contingent equity compensation rather than an open-market purchase. Such grants are common for non-employee directors and align their economic interests with shareholders upon vesting or termination-triggered settlement. The units have a $0 acquisition price and convert to common shares or cash at Celestica's discretion when the director leaves service, so there is no immediate dilution or cash transfer recorded on the Form 4. The reporting of 755 shares beneficially owned provides context on the director's current direct stake.
TL;DR: Standard board compensation disclosed; materiality is low and disclosure is clear.
This Form 4 documents a standard grant of director share units that vest/settle upon cessation of service, consistent with common board pay practices. The filing clearly states the contingent nature of the units and the conversion mechanics. From a governance perspective, the grant increases long-term alignment incentives for the director, and the disclosure meets Section 16 reporting requirements. There are no indications of unusual terms or immediate exercises in the filing.