Etienvre Yann L 4
4 · CELESTICA INC · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Celestica (CLS) COO Yann Etienvre Sells Shares After PSU/RSU Vesting
What Happened
Yann Etienvre, Chief Operations Officer of Celestica Inc. (CLS), had performance/restricted share units convert to common shares and then disposed of a large portion on February 2, 2026. Specifically, 166,955 shares were issued/converted (reported as derivative exercises at $0), of which 86,229 shares were sold in open-market transactions at $287.45 each (proceeds $24,786,526) and 80,726 shares were withheld to satisfy tax-withholding obligations at the same price (treated as dispositions totaling $23,204,688). A separate grant of 4,209 RSUs was reported on February 3, 2026.
Key Details
- Transaction dates: conversions and dispositions dated February 2, 2026; new RSU grant dated February 3, 2026. Filing date: February 3, 2026 (timely).
- Sale prices: open-market sales at $287.45 per share.
- Open-market sales: 82,705 shares for $23,773,552 and 3,524 shares for $1,012,974 (total 86,229 shares, $24,786,526).
- Tax withholding disposals: 77,421 shares for $22,254,666 and 3,305 shares for $950,022 (total 80,726 shares, $23,204,688).
- Derivative conversions: 160,126 and 6,829 shares reported as exercised/converted (acquired at $0), totaling 166,955 shares. Some of these converted shares were immediately disposed of (cashless-like).
- New grant: 4,209 RSUs granted Feb 3, 2026 that vest ratably over three years (footnote F6).
- Notable footnotes: PSUs were certified at 200% of target (F3) and shares underlying those PSUs were issued following vesting (F3). Shares were withheld to satisfy tax obligations (F1).
- Shares owned after the transaction: Not specified in the provided filing details.
Context
- This sequence is typical of RSU/PSU vesting followed by a cashless process: shares are issued from awards (derivative conversion), taxes are satisfied by withholding a portion, and remaining shares may be sold on the open market.
- The filing shows neither a purchase nor a new long-term accumulation—mostly conversions and disposals tied to compensation vesting and tax obligations.
- Filing appears timely (transactions 2026-02-02; Form 4 filed 2026-02-03).
Insider Transaction Report
Form 4
Etienvre Yann L
Chief Operations Officer
Transactions
- Exercise/Conversion
Common Shares
2026-02-02+160,126→ 160,126 total - Tax Payment
Common Shares
[F1]2026-02-02$287.45/sh−77,421$22,254,666→ 82,705 total - Sale
Common Shares
2026-02-02$287.45/sh−82,705$23,773,552→ 0 total - Exercise/Conversion
Common Shares
2026-02-02+6,829→ 6,829 total - Tax Payment
Common Shares
[F1]2026-02-02$287.45/sh−3,305$950,022→ 3,524 total - Sale
Common Shares
2026-02-02$287.45/sh−3,524$1,012,974→ 0 total - Exercise/Conversion
Performance Share Units
[F2][F3]2026-02-02−160,126→ 0 totalFrom: 2026-01-31→ Common Shares (160,126 underlying) - Exercise/Conversion
Restricted Share Units
[F4][F5]2026-02-02−6,829→ 6,829 total→ Common Shares (6,829 underlying) - Award
Restricted Share Units
[F4][F6]2026-02-03+4,209→ 4,209 total→ Common Shares (4,209 underlying)
Footnotes (6)
- [F1]Shares withheld to satisfy tax withholding obligations arising out of the vesting of restricted share units ("RSUs") or performance share units ("PSUs"), as applicable.
- [F2]Each PSU represents a contingent right to receive one common share or an equivalent value in cash.
- [F3]Reflects PSUs deemed earned upon Human Resources and Compensation Committee certification of the achievement of pre-established performance parameters at 200% of the target. The common shares underlying these PSUs were issued to the reporting person following the vest on January 31, 2026.
- [F4]Each RSU represents a contingent right to receive one common share or an equivalent value in cash.
- [F5]On February 2, 2024, the reporting person was granted 20,487 RSUs, which vest ratably over a three-year period on each of the first and second anniversaries of the grant date and on December 1 following the second anniversary of the grant date.
- [F6]On February 3, 2026, the reporting person was granted 4,209 RSUs, which vest ratably over a three-year period on each of the first and second anniversaries of the grant date and on December 1 following the second anniversary of the grant date.
Signature
/s/ Tracy Connelly McGilley, attorney-in-fact|2026-02-03