Reeder David 4
4 · CELESTICA INC · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Celestica Director David Reeder Receives Award
What Happened
David Reeder, a director of Celestica Inc. (CLS), received non‑cash equity awards: 31 director share units granted 2026‑05‑19 and 567 director restricted share units (D‑RSUs) granted 2026‑05‑20. Both grants are reported at $0 (award value recorded as zero on the Form 4). The 567 D‑RSUs vest on the first anniversary of the grant; the 31 director share units are contingent rights payable when the holder ceases service.
Key Details
- Transaction dates and types: 2026‑05‑19 — 31 director share units (A); 2026‑05‑20 — 567 D‑RSUs (A). Both reported at $0 per unit.
- Total units granted: 598 units (31 + 567). Reported dollar value on the Form 4 = $0.
- Vesting/settlement: The 567 D‑RSUs vest one year from grant (per footnote). Director share units convert to cash or shares when the holder stops serving.
- Shares owned after transaction: Not specified in the provided filing.
- Filing timeliness: Form 4 was filed 2026‑05‑20 covering the May 19–20 grants (filed promptly within the normal reporting window).
Context
These awards are part of director compensation and are non‑cash grants rather than market purchases or sales. D‑RSUs are contingent rights that will convert to common shares (or cash at the issuer’s election) upon settlement; the director share units similarly represent contingent payout rights upon cessation of service. Such grants do not by themselves signal immediate buying or selling pressure but are worth tracking for future vesting/settlement events that could lead to share issuance or insider sales.
Insider Transaction Report
- Award
Director Share Units
[F1]2026-05-19+31→ 31 total→ Common Shares (31 underlying) - Award
Director Restricted Share Units
[F2][F3]2026-05-20+567→ 567 total→ Common Shares (567 underlying)
Footnotes (3)
- [F1]Each director share unit represents a contingent right to receive one common share or an equivalent value in cash at the Issuer's discretion when the holder ceases to serve the Issuer as any of a director, consultant or other service provider.
- [F2]Each director restricted share unit ("D-RSU") represents a contingent right to receive one common share upon settlement, subject to the reporting person's deferral election, or, at the Issuer's election, an equivalent value in cash.
- [F3]On May 20, 2026, the reporting person was granted 567 D-RSUs, which vest on the first anniversary of the grant date.