Johansson Peter K. 4
4 · CECO ENVIRONMENTAL CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
CECO CFO Peter Johansson Receives Awards; Shares Withheld
What Happened Peter K. Johansson, Chief Financial Officer of CECO Environmental Corp (CECO), received two awards of performance/restricted stock units (20,027 shares total: 16,083 on 2026-03-15 and 3,944 on 2026-03-16). To cover tax liabilities on vested awards, 8,268 shares were withheld/treated as disposed (net settlement) on 2026-03-15 and 2026-03-17, with proceeds totaling about $456,364 (3/15: 4,967 @ $54.85 = $272,440; 3/15: 1,731 @ $54.50 = $94,340; 3/17: 1,570 @ $57.06 = $89,584). The grants themselves have $0 acquisition price on the Form 4 because they are equity awards, not open-market purchases.
Key Details
- Filing: Form 4 filed 2026-03-17; Period of report begins 2026-03-15 (transactions occurred 2026-03-15 to 2026-03-17). Filing appears timely.
- Grants (Award/Acquisition, code A): 16,083 shares on 2026-03-15 and 3,944 shares on 2026-03-16 (reported $0 acquisition price as these are awards).
- Tax withholding/dispositions (code F): 4,967 shares @ $54.85 (3/15) = $272,440; 1,731 shares @ $54.50 (3/15) = $94,340; 1,570 shares @ $57.06 (3/17) = $89,584.
- Shares owned after the transactions: not specified in the provided excerpt—see the full Form 4 for total holdings.
- Footnotes: F1 = performance share units earned; F2 = shares withheld for net settlement to cover tax liability on vested RSUs; F3 = performance-based RSUs (1 RSU = 1 share if earned); F4/F5 = specified conversion/vesting dates (7/5/2027 and 9/12/2029) subject to continued employment and stock-price performance targets.
- Exhibit included: Exhibit 24 (Power of Attorney).
Context This filing documents equity awards (acquisitions) to the CFO and routine net-settlement tax withholdings (dispositions). The withheld shares were used to satisfy tax obligations on vesting units rather than open-market sales, so these disposals are administrative (tax) in nature rather than indicative of an opportunistic sale of shares. Performance-based units will convert to common stock only if employment and performance/price conditions are met on the noted future dates.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-15+16,083→ 75,703 total - Tax Payment
Common Stock
[F2]2026-03-15$54.85/sh−4,967$272,440→ 70,736 total - Tax Payment
Common Stock
[F2]2026-03-15$54.50/sh−1,731$94,340→ 69,005 total - Award
Common Stock
2026-03-16+3,944→ 72,949 total - Tax Payment
Common Stock
[F2]2026-03-17$57.06/sh−1,570$89,584→ 71,379 total
- 47,247
Restricted Stock Units
[F3][F4]→ Common Stock (47,247 underlying) - 30,000
Restricted Stock Units
[F3][F5]→ Common Stock (30,000 underlying)
Footnotes (5)
- [F1]Represents performance share units earned.
- [F2]Reflects shares withheld for net settlement to cover the tax liability for the vesting of restricted stock units.
- [F3]Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Company's stock.
- [F4]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.
- [F5]Conversion of restricted stock units to the Company's common stock will occur on September 12, 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.