Gregory Alyson Noel 4

What Happened
Gregory Alyson Noel, General Counsel of CECO Environmental Corp (CECO), was granted 3,155 shares (reported as a 3/16/2026 award, code A). To cover tax withholding related to the vesting, a total of 289 shares were withheld in two transactions: 150 shares on 3/15/2026 at $54.50 ($8,175) and 139 shares on 3/17/2026 at $57.06 ($7,931), totaling $16,106. The award line in the filing shows a $0 per-share acquisition price (typical for RSU grants).

Key Details

• Transactions reported:
  • 2026-03-15: 150 shares withheld for tax @ $54.50 — $8,175 (code F)
  • 2026-03-16: 3,155 shares granted/acquired (RSUs) @ $0.00 — reported as award (code A)
  • 2026-03-17: 139 shares withheld for tax @ $57.06 — $7,931 (code F)
• Footnote: F1 — shares withheld reflect net settlement to cover tax liability for the vesting of restricted stock units.
• Shares owned after the transactions: not stated in the Form 4 filing.
• Filing: Form 4 filed 2026-03-17 covering the above transactions; no late filing flag noted in the filing.

Context
This report reflects a compensation-related RSU grant with customary net-share withholding for taxes (codes A for award, F for tax withholding). Withheld shares to satisfy tax obligations are routine and do not represent an open-market sale or a directional investment decision. For retail investors, grants signal executive compensation alignment with company performance but should not be interpreted alone as a bullish or bearish signal.