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.