Form 4: CECO Environmental Corp: Officer Johansson Reports Stock Sale and Tax Withholding
SEC Form 4 Filing
Peter K. Johansson, a Senior Vice President at CECO Environmental Corp, reported selling 22,500 shares of common stock and having shares withheld for tax liabilities related to vesting restricted stock units.
Summary
- On March 31, 2025, Peter K. Johansson, a Senior Vice President at CECO Environmental Corp, sold 22,500 shares of common stock at a weighted average price of $22.797 per share.
- The sale price ranged from $22.64 to $23.01 per share.
- Johansson also had 653 shares withheld to cover tax liabilities associated with the vesting of restricted stock units at a price of $22.8 per share.
- Following these transactions, Johansson directly owns 61,507 shares of CECO Environmental Corp.
- He also holds 47,247 performance-based restricted stock units, which will convert to common stock on July 5, 2027, if certain conditions are met.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The conversion of restricted stock units to common stock is contingent upon continued employment and achievement of certain stock price targets by July 5, 2027.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company executives. It's common for executives to sell shares for personal financial planning or to cover tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of stock sale and tax withholding. |
| 04/02/2025 | Date of signature on the Form 4 filing. |
| 07/05/2027 | Potential conversion date of restricted stock units to common stock. |
Keywords
Form 4, CECO Environmental Corp, Stock Sale, Restricted Stock Units, Beneficial Ownership, Insider Trading, Johansson Peter K.
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