Phillips Jason 4

What Happened

• Jason Phillips, President of Celestica Inc. (CLS), reported the vesting of 2,537 RSUs (converted to common shares at $0) on Feb 4, 2026 and subsequent open-market sales of 120,000 shares. He sold 20,000 shares on Feb 5 at $300.01 ($6,000,200) and 100,000 shares on Feb 6 at $308.92 ($30,892,000), totaling $36,892,200. The filing also shows 1,116 shares were withheld to satisfy tax withholding related to the RSU vesting (valued at $297.45 per share, ~$331,954).

Key Details

• Transaction dates & prices:
  • Feb 4, 2026: 2,537 RSUs vested/converted to shares @ $0.00 (M)
  • Feb 4, 2026: 1,116 shares withheld for taxes @ $297.45 (F) — $331,954
  • Feb 5, 2026: Open-market sale of 20,000 shares @ $300.01 — $6,000,200
  • Feb 6, 2026: Open-market sale of 100,000 shares @ $308.92 — $30,892,000
• Shares owned after transaction: Not specified in the provided filing details.
• Notable footnotes:
  • F1: Filing notes an amendment to a prior Form 3 (filed Feb 6, 2026) adding 18,505 shares that had been inadvertently omitted from earlier reports.
  • F2–F4: The converted securities were RSUs (each RSU = one share or cash equivalent). The Feb 4 vesting equals one-third of a 7,611 RSU grant made Feb 4, 2025; 1,116 of the vested shares were withheld for tax.
• Filing timeliness: Report filed Feb 6, 2026 for transactions beginning Feb 4, 2026 — no indication in the report that the filing was late.

Context

• The Feb 4 lines reflect RSU vesting (conversion to shares at $0); the simultaneous tax-withholding is routine (shares withheld to cover withholding obligations). The large Feb 5–6 sales were open-market disposals of previously held shares (not purchases), and represent liquidity events rather than an obvious buy-side signal. The Form 3 amendment adding 18,505 previously omitted shares affects past ownership disclosure but does not change the facts of these sales.