DEZWIREK JASON 4

What Happened
Jason DeZwirek, a director of CECO Environmental Corp. (CECO), was granted 2,215 shares on June 1, 2026. The award was reported as acquired at $0.00 per share (total reported acquisition value $0), indicating an equity grant/compensation award rather than an open‑market purchase.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (appears timely under the SEC two-business-day rule).
• Transaction type/code: Award/Grant (A).
• Shares granted: 2,215; price: $0.00; reported acquisition value: $0.
• Vesting: Shares will vest on May 15, 2027 (Footnote F1).
• Shares owned after transaction: Not specified in the filing.
• Footnote F2: Reporting person is an officer of Icarus Investment Corp. and disclaims beneficial ownership except to the extent of his pecuniary interest.
• Exhibit: Exhibit 24 (Power of Attorney) attached to the filing.

Context
This is an equity compensation award to a director — common for retention or alignment with shareholders. Because the grant vests in the future and was granted at $0.00, it is compensation rather than a buy signal. The F2 disclosure indicates the reporter may be reporting in an institutional capacity (Icarus Investment Corp.) and disclaims beneficial ownership except for economic interest; do not infer control from that statement.