Etienvre Yann L 4

What Happened Yann L. Etienvre, Chief Operations Officer of Celestica Inc. (CLS), received a grant of 160,126 performance share units (PSUs) on 2026-01-29. The filing reports these as a derivative award at $0.00 per unit (code A — grant/award). Per the filing, the PSUs were certified as earned at 200% of target; the underlying common shares (or cash equivalent) will be issued following vesting on January 31, 2026. This is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-29 (filed 2026-01-30).
• Instrument: 160,126 performance share units (PSUs); reported price $0.00 (derivative award).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnotes: F1 — each PSU represents a contingent right to one common share or cash equivalent; F2 — PSUs were deemed earned at 200% of target and the underlying shares will be issued following vest on Jan 31, 2026.
• Timeliness: Filing appears timely (reported the day after the transaction); no late filing indicated.

Context PSUs are performance-based compensation that convert to company shares (or cash) if pre-set performance and vesting conditions are met. This award reflects compensation tied to performance metrics (certified at 200% of target here) rather than a direct personal purchase or sale by the insider. Such grants dilute outstanding shares when issued and are common forms of executive pay; they do not, by themselves, indicate the insider is buying or selling stock.