Form 4: Celestica COO Sells Shares After Performance Vesting

Celestica's Chief Operations Officer, Yann L. Etienvre, reported the vesting of performance and restricted share units, followed by the sale of common shares to cover taxes and for personal disposition.

Summary

• Yann L. Etienvre, Chief Operations Officer of Celestica Inc. (CLS), reported transactions involving common shares.
• On February 2, 2026, 160,126 common shares were acquired upon the exercise/conversion of Performance Share Units (PSUs) at a price of $0.
• These PSUs were deemed earned upon the Human Resources and Compensation Committee's certification of pre-established performance parameters at 200% of the target, vesting on January 31, 2026.
• Also on February 2, 2026, 77,421 common shares were disposed of to satisfy tax withholding obligations at a price of $287.45 per share.
• An additional 82,705 common shares were sold on February 2, 2026, at a price of $287.45 per share, leaving 0 shares beneficially owned from this block.
• Separately, on February 2, 2026, 6,829 common shares were acquired upon the exercise/conversion of Restricted Share Units (RSUs) at a price of $0.
• From this RSU vesting, 3,305 common shares were disposed of to satisfy tax withholding obligations at a price of $287.45 per share.
• An additional 3,524 common shares were sold on February 2, 2026, at a price of $287.45 per share, leaving 0 shares beneficially owned from this block.
• On February 3, 2026, Mr. Etienvre was granted 4,209 new Restricted Share Units (RSUs), which vest ratably over a three-year period on the first and second anniversaries of the grant date and on December 1 following the second anniversary of the grant date.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as moderately positive. The achievement of performance targets at 200% is a strong indicator of operational success, although the subsequent sale of shares by the COO is a common practice for tax and diversification purposes after vesting.

Positives

• Performance Share Units (PSUs) were deemed earned at 200% of the target, indicating strong company performance against pre-established metrics.
• The vesting of a significant number of PSUs (160,126) and RSUs (6,829) represents substantial compensation for the Chief Operations Officer.

Negatives

• The Chief Operations Officer disposed of a total of 82,705 common shares from PSU vesting and 3,524 common shares from RSU vesting through open market sales, in addition to shares withheld for taxes, which reduces his direct ownership.

Future Outlook

The Chief Operations Officer was granted 4,209 new Restricted Share Units on February 3, 2026, which are scheduled to vest ratably over a three-year period on the first and second anniversaries of the grant date and on December 1 following the second anniversary of the grant date.

Industry Context

StockSavvy.ai notes that insider transactions, such as those reported in a Form 4, provide insights into management's perspective on the company's stock. While the sale of shares often occurs for tax purposes or personal financial planning following equity compensation vesting, the achievement of performance targets at 200% suggests strong operational execution within Celestica's sector, which typically involves electronics manufacturing services.

Stakeholder Impact

• Shareholders may view the 200% achievement of PSU targets as a positive signal regarding the company's operational performance and management effectiveness.
• The sale of shares by the Chief Operations Officer, while common for tax and personal reasons, could be interpreted by some shareholders as a reduction in direct insider exposure, though it follows significant vesting.

Next Steps

• The newly granted 4,209 Restricted Share Units will vest ratably over a three-year period on the first and second anniversaries of the grant date (February 3, 2026) and on December 1 following the second anniversary of the grant date.

Key Dates

Recommendation

The filing indicates strong operational performance with PSUs vesting at 200% of target, which is a positive signal. However, the subsequent sale of shares by the COO, while often for tax or diversification, balances this positive. Without broader financial context or a clear pattern of insider buying/selling, a 'hold' recommendation is appropriate, suggesting investors maintain their current position while monitoring future developments.

Keywords

Celestica, CLS, Form 4, Insider Trading, Yann L. Etienvre, Chief Operations Officer, Performance Share Units, Restricted Share Units, Stock Sale, Equity Compensation