Ahuja Kulvinder 4

What Happened
Kulvinder Ahuja, a director of Celestica Inc. (CLS), received two equity awards: 54 director share units granted 2026-05-19 and 567 director restricted share units (D-RSUs) granted 2026-05-20. Both awards are reported as derivative grants with an acquisition price of $0 — i.e., no cash was paid at grant. The 567 D-RSUs vest on the first anniversary of the grant date.

Key Details

• Transaction types: A (award/grant of derivative units).
• Dates and amounts: 54 director share units on 2026-05-19; 567 D-RSUs on 2026-05-20. Report filed 2026-05-20.
• Price/value at grant: $0 immediate cash paid; monetary value will depend on future settlement/conversion.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Director share units give a contingent right to one common share or equivalent cash when the holder stops serving.
  • F2: D-RSUs are contingent rights to receive one share upon settlement (or cash at the issuer's election), and may be subject to a deferral election.
  • F3: The 567 D-RSUs vest one year after the 2026-05-20 grant date.
• Filing timeliness: Filing dated 2026-05-20 for grants on 5/19 and 5/20 — appears timely based on the provided dates.

Context
These are compensation awards to a director (not open-market purchases or sales) and are common as part of director pay. They are derivative grants that convert to shares or cash in the future (on cessation or at vesting), so they do not immediately change the director’s share count or produce cash proceeds.