Gleason Todd R 4

4 · CECO ENVIRONMENTAL CORP · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 18, 2026

CECO (CECO) CEO Todd Gleason Receives Awards; 29,535 Shares Withheld

What Happened

Todd R. Gleason, CEO of CECO Environmental Corp., was granted equity awards and had shares withheld to cover taxes. On 2026-03-15 he was credited with 75,055 performance share units (acquired at $0). Also on 2026-03-15, 29,535 shares were withheld/disposed at $54.85 per share to satisfy tax withholding (value ≈ $1,619,995). On 2026-03-16 he was credited with an additional 17,563 performance-based restricted stock units (derivative awards, acquired at $0). These were awards/vests rather than open-market purchases or voluntary sales.

Key Details

Transaction dates and prices:
- 2026-03-15: +75,055 performance share units (A) at $0.00
- 2026-03-15: -29,535 shares withheld (F) at $54.85; proceeds ≈ $1,619,995 (net settlement for taxes)
- 2026-03-16: +17,563 performance-based RSUs (A, derivative) at $0.00
Total awards credited: 75,055 + 17,563 = 92,618 new award shares/units.
Shares owned after transaction: not specified in the filing.
Notable footnotes: F1 = performance share units earned; F2 = shares withheld for net settlement to cover tax liability on vesting; F8/F10-type notes indicate some awards are performance-based RSUs that convert to common stock in the future subject to continued employment and stock-price targets.
Filing timeliness: the Form 4 was filed with accession on 2026-03-17 for transactions dated 2026-03-15–03-16; the filing does not indicate a late report.

Context

This was primarily issuance of performance-based awards and the routine withholding of shares to cover taxes (not an open-market sale for cash). Net share withholding to cover taxes is common when restricted stock or RSUs vest and does not necessarily indicate the insider is selling for investment reasons. The derivative entries reflect contingent awards that convert to shares only if vesting/performance conditions are met.

Form 4

Period: 2026-03-15

DirectorChief Executive Officer

Transactions

Award
Common Stock
[F1]
2026-03-15+75,055→ 482,333 total
Tax Payment
Common Stock
[F2]
2026-03-15$54.85/sh−29,535$1,619,995→ 452,798 total
Award
Stock Option (right to buy)
[F3]
2026-03-16+17,563→ 17,563 total
Exercise: $57.06→ Common Stock (17,563 underlying)

Holdings

Common Stock
(indirect: By first son)
444
Common Stock
(indirect: By second son)
444
Common Stock
(indirect: By third son)
444
Common Stock
(indirect: By daughter)
444
Stock Option (right to buy)
[F4]
Exercise: $6.36→ Common Stock (316,902 underlying)
316,902
Stock Option (right to buy)
[F5]
Exercise: $12.72→ Common Stock (598,204 underlying)
598,204
Stock Option (right to buy)
[F6]
Exercise: $21.31→ Common Stock (25,446 underlying)
25,446
Stock Option (right to buy)
[F7]
Exercise: $23.50→ Common Stock (67,347 underlying)
67,347
Restricted Stock Units
[F8][F9]
→ Common Stock (225,000 underlying)
225,000
Restricted Stock Units
[F8][F10]
→ Common Stock (150,000 underlying)
150,000

Footnotes (10)

[F1]Represents performance share units earned.
[F10]Conversion of restricted stock units to the Company's common stock will occur on June 4, 2029 assuming the reporting person is still employed by the Company and if the shares of the Company's common stock have achieved certain stock price targets over the course of the performance period.
[F2]Reflects shares withheld for net settlement to cover the tax liability for the vesting of restricted stock units.
[F3]The stock option vests in three equal annual installments beginning on March 16, 2027, and expires on March 16, 2036.
[F4]The stock option vested in four installments beginning on June 6, 2021, and expires on June 6, 2027.
[F5]The stock option vested in four installments beginning on June 6, 2021, and expires on June 6, 2027
[F6]The stock option vests in three equal annual installments beginning on March 15, 2025, and expires on March 15, 2034.
[F7]The stock option vests in three equal annual installments beginning on March 17, 2026, and expires on March 17, 2035.
[F8]Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Company's stock.
[F9]Conversion of restricted stock units to the Company's common stock will occur on July 5, 2027 assuming the reporting person is still employed by the Company and if the shares of the Company's common stock have achieved certain stock price targets over the course of the performance period.

Signature

/s/ Alyson Gregory as Attorney-in-Fact for Todd Gleason|2026-03-17

1 file