CECO ENVIRONMENTAL CORP 4
4 · CECO ENVIRONMENTAL CORP · Filed Jun 13, 2017
Insider Transaction Report
Form 4
Sadlowski Dennis
Director
Transactions
- Award
Common Stock
2017-06-10+23,511→ 43,981 total - Award
Performance Units
2017-06-10+1,400,000→ 1,400,000 total→ Common Stock
Footnotes (1)
- [F1]Reflects the maximum number of Performance Units that could be earned under this award. Each Performance Unit represents the equivalent of $1.00. In general, from 0% to 100% of the maximum award will vest on June 10, 2020, based on the extent to which stock price performance goals (based on the highest average market value per share of the Issuer's Common Stock during any period of 30 consecutive trading days) are achieved from June 10, 2018 to June 10, 2020, subject to continuous employment through the vesting date. Vested Performance Units will be paid in Issuer Common Stock based on the highest stock price performance hurdle achieved during the performance period, as set forth in the applicable award agreement.