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CELESTICA INC·4

Feb 3, 4:22 PM ET

Parker Douglas Michael 4

Research Summary

AI-generated summary

Updated

Celestica (CLS) Chief Legal Officer Parker Douglas Michael Sells Shares

What Happened

  • Parker Douglas Michael, Chief Legal Officer of Celestica Inc. (CLS), had RSUs vest and was issued 5,864 shares on February 2, 2026 (conversion/exercise of RSUs). Of those, 3,140 shares were withheld to satisfy tax obligations (reported as F) valued at $901,117, and 2,724 shares were sold in open-market transactions on February 2, 2026 for total proceeds of $781,734. The filing also shows a new grant of 1,544 RSUs on February 3, 2026.

Key Details

  • Transaction dates: February 2, 2026 (exercise/conversion, withholding, open-market sales); grant dated February 3, 2026.
  • Prices reported: $286.98 per share (price was converted from Canadian dollars to U.S. dollars using the Bank of Canada exchange rate on the transaction date).
  • Share counts and amounts:
    • Exercised/converted: 3,449 and 2,415 RSUs (total 5,864 shares acquired).
    • Shares withheld for taxes (F): 1,847 shares ($530,052) and 1,293 shares ($371,065) — total 3,140 shares ($901,117).
    • Open-market sales (S): 1,602 shares ($459,742) and 1,122 shares ($321,992) — total 2,724 shares ($781,734).
    • New RSU grant (A): 1,544 RSUs granted on Feb 3, 2026.
  • Shares owned after the transaction: not specified in the provided filing data.
  • Notable footnotes: F1 (shares withheld to satisfy tax withholding on RSU vesting); F2 (CAD→USD conversion); F3 (each RSU equals right to one share or cash); F4–F5 (prior RSU grants from Feb 12, 2024 vest ratably, with Feb 2, 2026 as a vesting date); F6 (new RSU grant vests over three dates).
  • Filing timeliness: Filed Feb 3, 2026 for transactions on Feb 2, 2026 — filing appears timely.

Context

  • These transactions reflect RSU vesting and a typical "cashless" outcome: shares were issued on vesting, some were withheld to cover taxes, and a portion was sold in the open market. Tax-withholding disposals (F) are routine and do not necessarily reflect a decision to liquidate beyond satisfying tax obligations. The new 1,544 RSU grant will vest per the schedule in the footnote (ratably over specified anniversaries).