Phillips Jason 4

What Happened Jason Phillips, President of Celestica Inc. (CLS), received a grant of 174,254 performance share units (PSUs) reported on a Form 4 for the 2026-01-29 transaction date. The award is a derivative grant (code A) reported at $0.00 per unit (no cash exchanged). Footnotes indicate these PSUs were deemed earned at 200% of target by the Human Resources and Compensation Committee; the underlying common shares will be issued to Phillips following vesting on January 31, 2026.

Key Details

• Transaction date: 2026-01-29; Form 4 filed: 2026-01-30 (timely filing).
• Instrument: 174,254 performance share units (PSUs); reported price: $0.00 (award/derivative).
• Shares owned after transaction: not specified in the filing.
• Footnote summary: F1 — each PSU is a contingent right to one common share or equivalent cash; F2 — PSUs were certified as earned at 200% of target and will convert to shares upon vest on Jan 31, 2026.
• Transaction code: A = award/grant (compensation-related), not an open-market purchase or sale.

Context PSUs are compensation awards that become shares (or cash) only if performance and vesting conditions are met; they do not represent an immediate market purchase or sale. Because these were deemed earned at 200% of target, they will result in issuance of shares on vesting and may dilute existing shareholders when issued. This filing is informational about compensation—retail investors should monitor any subsequent Form 4 filings if the shares are sold or otherwise transferred after issuance.