Tzevelekis Theodoros 4

What Happened

• Theodoros Tzevelekis, Chief Strategy Officer of Celestica (CLS), had restricted share units (RSUs) convert into 4,226 common shares on Feb 5, 2026. Of those, 1,531 shares were withheld/sold to satisfy tax withholding obligations at $275.86 per share, producing proceeds of $422,342. The remaining 2,695 shares were retained by the reporting person.
• These transactions are not open-market purchases or discretionary sales by the insider but are the routine conversion/settlement of RSUs and associated tax-withholding.

Key Details

• Transaction date: February 5, 2026; Form 4 filed Feb 6, 2026 (timely).
• RSUs converted (reported as derivative exercises/conversions): 4,226 shares (890 + 3,336).
• Shares withheld for taxes (reported as dispositions under code F): 1,531 shares (395 + 1,136) at $275.86 each; total proceeds ≈ $422,342.
• Net shares retained after withholding: 2,695 shares.
• Footnotes: F1 = shares withheld to satisfy tax obligations; F2 = each RSU equals one share or cash equivalent; F3/F4 describe RSU grant dates and vesting schedules (grants on June 5, 2025 with varying vesting dates).
• Post-transaction total holdings were not specified in the provided filing excerpt.

Context

• This was a vesting/conversion of RSUs with a "sell-to-cover" tax withholding — common and administrative in nature, not an open-market sale that necessarily signals a change in insider sentiment.
• Derivative code M in the filing denotes exercise/conversion of RSUs; code F denotes shares withheld/disposed to satisfy taxes.