Wong Leila 4

What Happened

• Leila Wong, Chief Human Resources Officer of Celestica (CLS), converted/ exercised a total of 64,454 derivative awards (PSUs/RSUs) on Feb 2, 2026 and immediately settled those awards. Of the converted shares, 34,504 were withheld to satisfy tax obligations (value reported: $9,902,772) and 29,950 were sold in the open market for aggregate proceeds of $8,595,756 (sales at about $286.98–$287.45 per share). On Feb 3, 2026 she was also granted 2,315 new RSUs that vest over three years.

Key Details

• Transaction dates: conversions and sales on 2026-02-02; new grant on 2026-02-03. Filing date: 2026-02-03 (timely).
• Conversion totals: 64,454 shares converted (61,224 + 3,230). Shares withheld for taxes: 34,504 (32,774 + 1,730) with reported value ~$9.903M. Open-market sales: 29,950 shares (28,450 + 1,500) for ~$8.596M.
• Prices: open-market sale prices reported at $286.98 and $287.45 per share (one price converted from CAD to USD per footnote).
• Notable footnotes: tax withholding to satisfy withholding obligations on vesting awards (F1); PSUs were deemed earned at 200% of target and shares were issued following vesting (F4); new 2,315 RSUs vest ratably over three years (F7).
• Shares owned after the transactions are not specified in the provided summary of the filing.

Context

• This was an award vesting and settlement event rather than a straightforward market buy. The pattern—derivatives/awards converting to shares, withholding of a portion for taxes, and sale of the remainder—is a common cashless settlement to cover tax obligations and realize net proceeds. Such routine settlements following vesting aren’t necessarily a directional signal about the insider’s view of the company.