Todd R. Gleason - 15 Mar 2024 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
15 Mar 2024
Net transactions value
$0
Form type
4
Filing time
19 Mar 2024, 13:29:53 UTC
Previous filing
26 Dec 2023
Next filing
11 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CECO Common Stock Award $0 +76,337 +34% $0.000000 304,195 15 Mar 2024 Direct F1
holding CECO Common Stock 444 15 Mar 2024 By first son
holding CECO Common Stock 444 15 Mar 2024 By second son
holding CECO Common Stock 444 15 Mar 2024 By third son
holding CECO Common Stock 444 15 Mar 2024 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
transaction CECO Stock Option (right to buy) Award $0 +25,446 $0.000000 25,446 15 Mar 2024 Common Stock 25,446 $21.32 Direct F2
holding CECO Restricted Stock Units 225,000 15 Mar 2024 Common Stock 225,000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 42,893 shares representing the achievement in excess of target for the performance-based restricted stock awards granted on April 1, 2021.
F2 The stock option vests in three equal annual installments beginning on March 15, 2025, and expires ten years from the grant date.
F3 Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Company's stock.
F4 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.