Form 4: CECO Environmental Corp: CEO Todd Gleason Reports Stock Transactions
SEC Form 4 Filing
Todd Gleason, CEO of CECO Environmental Corp, reports the withholding of shares for tax liabilities related to vesting restricted stock units and ownership of common stock and derivative securities.
Summary
- Todd Gleason, CEO of CECO Environmental Corp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the withholding of 2,110 and 3,618 shares of common stock on March 31, 2025, and April 1, 2025, respectively, to cover tax liabilities related to the vesting of restricted stock units at prices of $22.8 and $23.09.
- Following these transactions, Gleason directly owns 410,835 shares of common stock.
- Gleason also indirectly owns 444 shares of common stock through each of his three sons and daughter.
- The report also details ownership of restricted stock units convertible to 225,000 common shares, stock options for 67,347 shares at $23.5, and stock options for 25,446 shares at $21.32.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transactions reported do not suggest any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Start date for vesting of stock options for 25,446 shares. |
| 03/17/2026 | Start date for vesting of stock options for 67,347 shares. |
| 07/05/2027 | Date for potential conversion of restricted stock units to common stock. |
| 03/31/2025 | Transaction date for withholding of 2,110 shares of common stock. |
| 04/01/2025 | Transaction date for withholding of 3,618 shares of common stock. |
| 04/02/2025 | Date of the report filing. |
Keywords
Form 4, beneficial ownership, stock options, restricted stock units, CECO Environmental Corp, Todd Gleason, common stock, insider trading
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