WALLMAN RICHARD F 4

What Happened Richard F. Wallman, a director of CECO Environmental Corp. (CECO), made two transactions reported on the Form 4 dated 2026-06-03 for activity on 2026-06-01. He purchased 20,000 shares in the open market at a weighted average price of $76.85 per share for a total of $1,536,938. He also received a grant/award of 3,443 shares (reported at $0.00 on the Form 4), which includes 1,228 shares issued in lieu of annual cash director fees; those awarded shares vest on May 15, 2027. Purchases are often watched as a stronger signal of insider confidence than routine awards, though awards are typically part of compensation.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (filed within the typical 2-business-day window).
• Open-market purchase: 20,000 shares at a weighted average price of $76.85; total cash outlay $1,536,938. Report notes actual trade prices ranged from $75.00 to $78.75 and the reporting person can provide the breakdown on request.
• Award/grant: 3,443 shares reported as acquired at $0.00; includes 1,228 shares issued in lieu of annual cash fees (Footnote F1). Awarded shares vest May 15, 2027 (F2).
• Shares owned after the transactions: not stated in the provided filing details.
• Remarks: Exhibit 24 (Power of Attorney) included on the filing.

Context

• The open-market purchase is a direct buy (code P) and represents an outright investment of about $1.54M in CECO stock. The grant (code A) is compensation-related and will not fully vest until May 2027, so those shares are not immediately free-trading. The filing appears timely based on the reported dates.