CECO CFO Peter K. Johansson Surrenders 653 Shares for Taxes

What Happened
Peter K. Johansson, Chief Financial Officer of CECO Environmental Corp (CECO), surrendered 653 shares at $59.58 each (total value $38,906) on March 31, 2026 to satisfy a tax liability (transaction code F). This was a share-for-tax withholding rather than an open-market sale or a purchase.

Key Details

• Transaction date and price: March 31, 2026 — 653 shares at $59.58 each; total $38,906.
• Transaction type/code: F — payment of exercise price or tax liability (share withholding).
• Filing date / timeliness: Form 4 filed April 2, 2026; appears timely (filed within the standard Section 16 reporting window).
• Shares owned after transaction: Not specified in the provided extract.
• Footnotes of note:
  • F1: These are performance-based restricted stock units (each RSU vests to one share).
  • F2: Some RSUs convert to common stock on July 5, 2027, subject to continued employment and stock-price performance targets.
  • F3: Additional RSUs convert on September 12, 2029 under similar conditions.

Context
Share surrender to cover tax withholding on restricted stock or option events is routine and reflects a tax obligation, not necessarily a signal of the insider's view on the stock. The filing indicates these awards are performance-based RSUs with future conversion dates contingent on employment and achievement of stock-price targets.