Form 4: Celestica CFO's RSU Vesting and Share Transactions

Celestica CFO Mandeep Chawla acquired 20,408 common shares through RSU vesting and disposed of 10,925 shares for tax obligations.

Summary

• Mandeep Chawla, Chief Financial Officer of Celestica Inc. (CLS), reported changes in beneficial ownership.
• Acquired 20,408 common shares through the vesting of Restricted Share Units (RSUs) on December 1, 2025, with an acquisition price of $0.
• Disposed of 10,925 common shares on the same date to satisfy tax withholding obligations arising from the RSU vesting, at a price of $344.41 per share.
• Following these transactions, Mandeep Chawla directly beneficially owns 9,483 common shares.
• The vested RSUs were part of an original grant of 61,224 units on January 31, 2023, which vest ratably over a three-year period.

Sentiment

Score: 7

Explanation: The filing reports a routine compensation event where an executive's restricted share units vested, leading to an acquisition of shares and a subsequent disposition for tax purposes. This is a standard, expected occurrence and generally reflects positively on the executive's compensation structure and continued alignment with shareholder interests, without indicating any unusual or concerning activity.

Positives

• CFO Mandeep Chawla realized value from previously granted equity compensation, indicating a successful vesting event.
• The transaction demonstrates the executive's continued equity stake in Celestica Inc. through net share retention.

Negatives

• A portion of the vested shares (10,925 shares) was withheld to cover tax obligations, which, while standard practice, reduces the net shares retained by the executive.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Celestica Inc.'s future performance or outlook.

Industry Context

This is a routine insider transaction related to executive compensation and does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transaction indicates that a key executive continues to hold a direct equity stake in the company, aligning management interests with shareholder value. It is a routine compensation event and not expected to have a significant impact.
• Employees: This filing is specific to executive compensation and does not directly impact the broader employee base.

Key Dates

Keywords

Celestica, CLS, Mandeep Chawla, CFO, Form 4, RSU, Restricted Share Units, stock transaction, insider trading, beneficial ownership, equity compensation