Gleason Todd R 4

4 · CECO ENVIRONMENTAL CORP · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

CECO CEO Todd R. Gleason Sells 2,110 Shares to Cover Taxes

What Happened

Todd R. Gleason, CEO of CECO Environmental Corp (CECO), had 2,110 shares disposed (withheld) on March 31, 2026 to cover tax liability related to vesting restricted stock units. The shares were valued at $59.58 each for a total of $125,714. This was a tax-withholding/net settlement transaction (routine), not an open-market sale for cash.

Key Details

Transaction date and price: March 31, 2026 — 2,110 shares at $59.58 each; total value $125,714. (Transaction code F — tax/withholding.)
Shares owned after transaction: Not specified in the provided filing details.
Relevant footnotes: F1 — shares were withheld for net settlement to cover tax on vested RSUs. F6–F8 — references to performance-based RSUs and conditional conversion dates (July 5, 2027 and June 4, 2029) if employment and stock-price targets are met. Other footnotes (F2–F5) describe option vesting schedules included in the filing.
Filing: Form 4 filed Apr 2, 2026 (no late-filing flag indicated in the provided details).

Context

This was a tax-withholding/net settlement (code F), which is routine when restricted stock units vest; it does not necessarily indicate a CEO decision to take profits via an open-market sale. Some RSUs referenced are performance-based and convert to shares only if certain targets and continued employment conditions are met.

Form 4

Period: 2026-03-31

DirectorChief Executive Officer

Transactions

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)
[F2]
Exercise: $6.36→ Common Stock (316,902 underlying)
316,902
Stock Option (right to buy)
[F2]
Exercise: $12.72→ Common Stock (598,204 underlying)
598,204
Stock Option (right to buy)
[F3]
Exercise: $21.31→ Common Stock (25,446 underlying)
25,446
Stock Option (right to buy)
[F4]
Exercise: $23.50→ Common Stock (67,347 underlying)
67,347
Stock Option (right to buy)
[F5]
Exercise: $57.06→ Common Stock (17,563 underlying)
17,563
Restricted Stock Units
[F6][F7]
→ Common Stock (225,000 underlying)
225,000
Restricted Stock Units
[F6][F8]
→ Common Stock (150,000 underlying)
150,000

Footnotes (8)

[F1]Reflects shares withheld for net settlement to cover the tax liability for the vesting of restricted stock units.
[F2]The stock option vested in four installments beginning on June 6, 2021, and expires on June 6, 2027.
[F3]The stock option vests in three equal annual installments beginning on March 15, 2025, and expires on March 15, 2034.
[F4]The stock option vests in three equal annual installments beginning on March 17, 2026, and expires on March 17, 2035.
[F5]The stock option vests in three equal annual installments beginning on March 16, 2027 and expires on March 16, 2036.
[F6]Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Company's stock.
[F7]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.
[F8]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.

Signature

/s/ Kiril Kovachev as Attorney-in-Fact for Todd Gleason|2026-04-02

1 file