Etienvre Yann L 4
4 · CELESTICA INC · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Celestica (CLS) COO Yann Etienvre Exercises RSUs; Sells 1,145 Shares
What Happened
Yann Etienvre, Chief Operations Officer of Celestica (CLS), had 2,217 restricted share units (RSUs) convert to common shares on February 4, 2026. The RSUs have a $0 exercise price; upon vesting/conversion, 1,072 shares were withheld to cover tax withholding ($303,923) and 1,145 shares were sold in an open-market transaction at $283.51 per share for proceeds of $324,619. The combined transactions reflect conversion of the full 2,217 RSU tranche.
Key Details
- Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (timely filing).
- Prices: conversion/exercise price $0.00 (RSUs); sale price and tax-withholding valuation $283.51 per share.
- Shares: 2,217 RSUs converted; 1,072 shares withheld for taxes (F) valued at $303,923; 1,145 shares sold (S) for $324,619.
- Footnotes: RSUs represent a contingent right to one common share or equivalent cash (F2). The RSUs originated from a Feb 4, 2025 grant of 6,652 RSUs that vest ratably over three years (F3). Shares were withheld to satisfy tax obligations (F1).
- Ownership after transaction: not specified in the provided filing.
- Transaction codes: M = exercise/conversion of derivative (RSUs), F = tax withholding, S = open-market sale.
Context
This was a conversion/settlement of RSUs with an immediate disposition: a portion of the converted shares were withheld to satisfy tax withholding and the remainder sold — a common cashless/settlement process for RSU vesting. Such withholding and immediate sales are routine and generally reflect tax obligations and liquidity needs rather than a directional statement about company prospects.
Insider Transaction Report
- Exercise/Conversion
Common Shares
2026-02-04+2,217→ 2,217 total - Tax Payment
Common Shares
[F1]2026-02-04$283.51/sh−1,072$303,923→ 1,145 total - Sale
Common Shares
2026-02-04$283.51/sh−1,145$324,619→ 0 total - Exercise/Conversion
Restricted Share Units
[F2][F3]2026-02-04−2,217→ 4,435 total→ Common Shares (2,217 underlying)
Footnotes (3)
- [F1]Shares withheld to satisfy tax withholding obligations arising out of the vesting of restricted share units ("RSUs").
- [F2]Each RSU represents a contingent right to receive one common share or an equivalent value in cash.
- [F3]On February 4, 2025, the reporting person was granted 6,652 RSUs, which vest ratably over a three-year period on each of the first and second anniversaries of the grant date and on December 1 following the second anniversary of the grant date.