R. Todd Gleason - Mar 31, 2025 Form 4 Insider Report for CECO ENVIRONMENTAL CORP (CECO)

Role
Chief Executive Officer, Director
Signature
/s/ Kiril Kovachev as Attorney-in-Fact for Todd Gleason
Stock symbol
CECO
Transactions as of
Mar 31, 2025
Transactions value $
-$131,648
Form type
4
Date filed
4/2/2025, 01:22 PM
Previous filing
Mar 18, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CECO Common Stock Tax liability -$48.1K -2.11K -0.51% $22.80 414K Mar 31, 2025 Direct F1
transaction CECO Common Stock Tax liability -$83.5K -3.62K -0.87% $23.09 411K Apr 1, 2025 Direct F1
holding CECO Common Stock 444 Mar 31, 2025 By first son
holding CECO Common Stock 444 Mar 31, 2025 By second son
holding CECO Common Stock 444 Mar 31, 2025 By third son
holding CECO Common Stock 444 Mar 31, 2025 By daughter

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CECO Restricted Stock Units 225K Mar 31, 2025 Common Stock 225K Direct F2, F3
holding CECO Stock Options (right to buy) 67.3K Mar 31, 2025 Common Stock 67.3K $23.50 Direct F4
holding CECO Stock Option (right to buy) 25.4K Mar 31, 2025 Common Stock 25.4K $21.32 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares withheld for net settlement to cover the tax liability for the vesting of restricted stock units.
F2 Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Company's stock.
F3 Conversion of restricted stock units to the Company's common stock will occur on July 5, 2027 assuming the reporting person is still employed by the Company and if the shares of the Company's common stock have achieved certain stock price targets over the course of the performance period.
F4 The stock option vests in three equal annual installments beginning on March 17, 2026, and expires ten years from the grant date.
F5 The stock option vests in three equal annual installments beginning on March 15, 2025, and expires ten years from the grant date.