Cooper Todd C 4

What Happened
Todd C. Cooper, President of Celestica Inc. (CLS), had 1,986 restricted share units (RSUs) convert to common shares on Feb 4, 2026. Of those resulting shares, 921 were withheld to satisfy tax withholding obligations (value reported $283.51/share, $261,113 total) and 1,065 shares were sold in the open market at $283.51 each for proceeds of $301,938. The RSU conversion is reported as a derivative exercise/conversion (code M) with no exercise price.

Key Details

• Transaction date: Feb 4, 2026; Form 4 filed Feb 6, 2026 (timely filing).
• Conversion: 1,986 RSUs converted to 1,986 shares at $0 exercise price.
• Tax withholding: 921 shares withheld @ $283.51 = $261,113 (code F).
• Open-market sale: 1,065 shares sold @ $283.51 = $301,938 (code S).
• Footnotes: RSUs represent a contingent right to one common share (F2). The grant was originally 5,957 RSUs on Feb 4, 2025 that vest ratably over three years (F3). Withholding was to satisfy tax obligations from vesting (F1).
• Shares owned after the transaction: not specified in the provided filing.

Context
This was a routine RSU vesting event with shares withheld for taxes and the remaining shares sold—commonly done by executives to cover tax liability rather than a directional bet on the stock. The filing shows conversion and immediate dispositions (cashless-like treatment for tax withholding), not a purchase that would be interpreted as a bullish signal.