Celestica (CLS) Director Robert CasCella Receives RSU Shares

What Happened
Robert CasCella, a director of Celestica Inc. (CLS), had 52 restricted share units (RSUs) convert to common shares on September 30, 2026. The conversion was reported as an exercise/conversion of a derivative (code M) at $0 exercise price. Six of the 52 shares were withheld to satisfy tax withholding (code F) at $366.47 per share, totaling $2,199. That leaves a net issuance to CasCella of 46 shares. The gross value of the 52 vested shares was about $19,056 (52 × $366.47), netting roughly $16,858 after withholding.

Key Details

• Transaction date: 2026-09-30; Form 4 filed 2026-10-01 (timely filing).
• Conversions: 52 RSUs → 52 common shares (M), exercise price $0.00.
• Tax withholding: 6 shares withheld (F) at $366.47/share = $2,199.
• Net shares received: 46 (52 vested − 6 withheld).
• Footnotes: F1 = shares withheld to satisfy tax withholding; F2 = each RSU equals one common share or cash at holder's election; F3 = these RSUs were from a 9/30/2025 grant of 157 RSUs that vest 1/3 annually.
• Shares owned after the transaction: not specified in this filing.

Context

• This was an RSU vesting and conversion to shares, not an open‑market purchase or sale; the withholding of shares for taxes is a routine, administrative step and not a market sale signal.
• Code M indicates conversion/exercise of a derivative (here, RSUs converting to common stock); code F indicates shares were used to satisfy tax obligations.