Chawla Mandeep 4

What Happened

• Mandeep Chawla, Chief Financial Officer of Celestica Inc. (CLS), had 2,537 restricted share units (RSUs) convert into common shares on Feb 4, 2026. The vested RSUs were recorded at $0 exercise price (derivative conversion).
• To satisfy tax withholding, 1,359 of those shares were withheld/disposed at $297.45 per share for a cash value of about $404,235. After withholding, Chawla retained a net of 1,178 shares (net value ≈ $350,396 at $297.45).

Key Details

• Transaction date: February 4, 2026; Form 4 filed Feb 6, 2026 (appears to be timely).
• Vest: 2,537 RSUs converted to 2,537 common shares (reported as derivative exercise/conversion).
• Withholding: 1,359 shares withheld to cover tax obligations (reported as disposition, code F) at $297.45/share → ~$404,235.
• Net shares kept: 1,178 shares (2,537 vested − 1,359 withheld), net value ≈ $350,396 at the reported price.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 – shares withheld to satisfy tax withholding; F2 – each RSU equals one common share or cash equivalent; F3 – the RSUs were originally granted Feb 4, 2025 (7,611 RSUs) and vest ratably over three years.

Context

• This was not an open-market sale or a discretionary trade: it’s the routine vesting of RSUs with shares withheld for tax withholding (common "cashless" handling of awards). Such transactions reflect scheduled compensation vesting rather than a buy/sell decision by the insider.