CASCELLA ROBERT 4

What Happened

Robert Cascella, a director of Celestica (CLS), had 156 restricted share units (RSUs) vest on March 31, 2026 and those RSUs converted into 156 common shares. Nine of those shares were withheld to satisfy tax withholding obligations at $257.27 per share (total $2,315). Separately on March 31, 2026 he was granted 150 new RSUs (a time‑based award).

Net of the withholding, Cascella received 147 net shares from the vesting event (156 vested − 9 withheld). There was no open‑market sale reported — the only disposition was the share withholding to cover taxes.

Key Details

• Transaction date: March 31, 2026; Form 4 filed April 2, 2026 (appears timely).
• Vested/converted: 156 RSUs converted to 156 shares at $0 exercise price.
• Tax withholding: 9 shares surrendered at $257.27 each = $2,315 withheld (disposition code F).
• New grant: 150 RSUs awarded on March 31, 2026 (code A); no cash paid.
• Net shares received from vesting: 147 shares (156 − 9).
• Footnotes:
  • F1: shares withheld to satisfy tax withholding on RSU vesting;
  • F2: each RSU represents a contingent right to one common share or cash at holder’s election;
  • F3: prior grant (Mar 31, 2025) was 468 RSUs vesting 1/3 annually (156 vested this date);
  • F4: new grant (Mar 31, 2026) is 150 RSUs vesting 1/3 annually.
• Shares owned after transaction: not specified in the excerpt provided.

Context

• These transactions are standard insider compensation events: RSU vesting (conversion to shares) and a new RSU grant. The only “sale” activity was withholding of shares to satisfy taxes, which is routine and not an open‑market disposition.
• RSUs are contingent awards (may settle in shares or cash) and vest by schedule; the new 150‑RSU award vests 1/3 per year over three years.