Wong Leila 4
Research Summary
AI-generated summary
Celestica (CLS) CHRO Leila Wong Exercises RSUs; 591 Shares Withheld
What Happened
- Leila Wong, Chief Human Resources Officer of Celestica (CLS), had 1,103 restricted stock units (RSUs vest) on February 4, 2026. Those RSUs converted into shares and 591 of the shares were withheld to satisfy tax withholding obligations, valued at $297.45 per share for a total withholding of $175,793. The vesting resulted in a net delivery of 512 shares to Ms. Wong.
Key Details
- Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (appears timely).
- Vesting/conversion: 1,103 RSUs converted to common shares (reported as derivative exercise, code M).
- Tax withholding: 591 shares withheld (code F) at $297.45/share = $175,793.
- Net shares received by insider: 1,103 − 591 = 512 shares (based on the filing entries).
- Shares owned after the transaction: not provided in the summarized extract.
- Footnotes: F1 — shares withheld to satisfy taxes; F2 — each RSU equals one share or cash equivalent; F3 — these RSUs were part of a 3,310-RSU grant on Feb 4, 2025 that vests ratably over three years.
Context
- This was a routine vesting and tax-withholding event (not an open-market sale or purchase). Withheld shares to cover taxes are common and don’t necessarily indicate a change in insider sentiment. The filing shows conversion of RSUs (a non-cash award) and tax-related disposition rather than a deliberate sale.