Johansson Peter K. 4
4 · CECO ENVIRONMENTAL CORP · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Tax Payment
Common Stock
2026-03-31$59.58/sh−653$38,906→ 70,726 total
- 47,247
Restricted Stock Units
[F1][F2]→ Common Stock (47,247 underlying) - 30,000
Restricted Stock Units
[F1][F3]→ Common Stock (30,000 underlying)
Footnotes (3)
- [F1]Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Company's stock.
- [F2]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.
- [F3]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.