Chawla Mandeep 4

What Happened

• Mandeep Chawla, Chief Financial Officer of Celestica Inc. (CLS), received a grant of 183,674 performance share units (PSUs) reported as a derivative award on 2026-01-29. The filing lists the acquisition price as $0.00 because these are contingent awards, not open-market purchases or cash transactions.

Key Details

• Transaction date: 2026-01-29; Form 4 filed: 2026-01-30 (timely).
• Transaction type/code: Award/Grant (A); derivative reported.
• Units: 183,674 PSUs recorded at $0.00.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: Each PSU is a contingent right to receive one common share (or equivalent cash).
  • F2: These PSUs were deemed earned at 200% of target by the Human Resources & Compensation Committee; the underlying common shares will be issued to Chawla following vesting on January 31, 2026.
• No 10b5-1 plan, tax-withholding, or late-filing indication shown in the provided filing.

Context

• PSUs are compensation awards tied to performance goals; they do not represent immediate share ownership until vested/issued. Because these PSUs were certified at 200% of target, the grant reflects achievement of preset metrics, but it is a routine executive compensation event rather than an open-market buy or sale.