Gleason Todd R 4
Research Summary
AI-generated summary
CECO CEO Todd R. Gleason Sells 3,557 Shares for Tax Withholding
What Happened Todd R. Gleason, Chief Executive Officer of CECO Environmental Corp (CECO), had 3,557 shares withheld (disposed) to cover the tax liability associated with the vesting of restricted stock units. The transaction is reported as a disposition at $52.53 per share, totaling approximately $186,849. This was a tax-withholding/net-settlement event (transaction code F), not an open-market sale or a new purchase.
Key Details
- Transaction date: 2026-03-07; Filing date: 2026-03-09 (appears to be timely).
- Shares withheld/disposed: 3,557 at $52.53 per share; total value ≈ $186,849.
- Transaction code: F — shares withheld for tax withholding (net settlement).
- Shares owned after the transaction: not specified in the provided filing details.
- Relevant footnotes: F1 confirms withholding for tax liability on vested RSUs; other footnotes (F2–F7) describe vesting schedules and performance-based RSUs with various conversion/expiration dates.
- Remarks: Exhibit 24 — Power of Attorney included in the filing.
Context This was a routine tax-withholding event related to equity compensation (restricted stock units). Withheld shares to satisfy tax obligations are common and do not necessarily signal buying or selling intent by the insider. Transaction code F indicates these shares were retained by the company (or broker) as payment of taxes rather than sold in the open market.