Johansson Peter K. 4

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.