Harris-Peterson Candace 4

What Happened

• Candace Harris‑Peterson, Senior VP Human Resources of Thermon Group Holdings (THR), had merger-related transactions on 2026-06-01. She disposed of 52,063 Thermon shares to the issuer in connection with Thermon’s merger into CECO and elected the cash consideration of $63.89 per share (see footnote). She also had 3,247 derivative shares (derivative awards/options) converted/cashed out under the merger terms. Separately, 13,556 shares underlying Thermon performance unit (PU) awards were converted into CECO restricted stock unit (RSU) awards (treated as an acquisition/award on the Form 4).

Key Details

• Transaction date: 2026-06-01; Form 4 filed 2026-06-03 (timely).
• Dispositions: 52,063 shares (to issuer) + 3,247 derivative shares (to issuer, derivative) per filing.
• Cash consideration election: $63.89 per Thermon share (reporting person elected cash for common shares) — 52,063 shares × $63.89 ≈ $3.33 million. Cash for the 3,247 derivative shares depends on award/option exercise prices and is reported under the merger payout rules.
• Award/Acquisition: 13,556 shares reflected as acquired (conversion of PU awards into CECO RSU awards per merger terms).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: merger agreement details (F1), accelerated/converted treatment of PU and RSU awards (F2–F6), and cashout of in‑the‑money options per merger formula (F7).

Context

• These transactions are merger-related, not open‑market trading. The cash receipts reflect the merger consideration (reporting person elected the cash option). The 13,556 PU units were converted into CECO RSU awards and are no longer performance‑based (per the merger terms). The 3,247 “derivative” shares represent converted/canceled derivative awards (options or similar) subject to special cashout formulas in the Merger Agreement. These actions are routine corporate‑transaction outcomes and do not, by themselves, indicate the insider’s ongoing buying or selling sentiment.