MIONIS ROBERT 4
Research Summary
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Celestica (CLS) CEO Robert Mionis Receives 780,376 PSU Award
What Happened
- Robert Mionis, CEO of Celestica Inc. (CLS), was granted 780,376 performance share units (PSUs) on January 29, 2026. The grant is reported as an award/acquisition (Code A) with a reported price of $0.00 (derivative award). The PSUs are contingent rights that, if earned, will convert to common shares or an equivalent cash value.
Key Details
- Transaction date: 2026-01-29; SEC filing date: 2026-01-30.
- Award: 780,376 PSUs; reported price $0.00; reported value at grant $0 (derivative).
- Footnote F1: Each PSU represents a contingent right to receive one common share or cash.
- Footnote F2: These PSUs were deemed earned at 200% of target upon certification by the Human Resources and Compensation Committee; the underlying common shares will be issued to the reporting person following vesting on January 31, 2026.
- Shares owned after transaction: The filing excerpt provided does not state total common shares beneficially owned after issuance; underlying shares will be issued upon vest.
- Filing timeliness: Reported to the SEC on Jan 30, 2026 for a Jan 29, 2026 grant, which is within the typical two-business-day Form 4 reporting window.
Context
- This is a derivative equity award (PSUs) tied to performance metrics rather than an open-market purchase or sale. Such awards are compensation-related and do not reflect an immediate cash outlay or a market trade. The units were reported as earned at 200% of target and will convert to actual shares (or cash) when they vest on Jan 31, 2026.