Todd R. Gleason - 21 Dec 2023 Form 4 Insider Report for CECO ENVIRONMENTAL CORP (CECO)

Role
Chief Executive Officer, Director
Signature
/s/ Kiril Kovachev as Attorney-in-Fact for Todd Gleason
Issuer symbol
CECO
Transactions as of
21 Dec 2023
Net transactions value
-$306,088
Form type
4
Filing time
26 Dec 2023, 09:28:08 UTC
Previous filing
03 Oct 2023
Next filing
19 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CECO Common Stock Sale $306,088 -14,500 -7.3% $21.11 184,965 21 Dec 2023 Direct F1
holding CECO Common Stock 444 21 Dec 2023 By first son
holding CECO Common Stock 444 21 Dec 2023 By second son
holding CECO Common Stock 444 21 Dec 2023 By third son
holding CECO Common Stock 444 21 Dec 2023 By daughter

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CECO Restricted Stock Units 225,000 21 Dec 2023 Common Stock 225,000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Price reflects the weighted average purchase price for multiple transactions that ranged from $21.08 to $21.19 per share. The Reporting Person undertakes to provide, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
F2 Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Company's stock.
F3 Conversion of restricted stock units to the Company's common stock will occur at the fourth anniversary of the grant date assuming the reporting person is still employed by the Company and if the shares of the Company's common stock have achieved certain stock price targets over the course of the performance period.