Form 4: Celestica Inc. Director Michael Wilson Reports Share Transactions
SEC Form 4 Filing
Director Michael Wilson reports transactions involving Celestica Inc. common shares and restricted share units.
Summary
- On March 31, 2025, Director Michael Wilson engaged in transactions involving Celestica Inc. (CLS) securities.
- These transactions included the disposition of 5,717 common shares.
- Wilson also disposed of 2,517, 2,440, and 760 Restricted Share Units (RSUs).
- Additionally, Wilson acquired 1,300 Deferred Share Units.
- Following these transactions, Wilson directly owns 7,501 common shares, 2,439 RSUs and 1,520 RSUs.
- Wilson also indirectly owns 284,431 Deferred Share Units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to share-based compensation. There's no indication of unusual or concerning activity.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Monitoring insider transactions is a standard practice in corporate governance.
- Companies like Flex, Jabil, and Sanmina also have directors and officers who regularly file Form 4s to report their transactions.
- The frequency and nature of these transactions (acquisitions vs. disposals) can be compared to those of Celestica's insiders to gauge sentiment.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a director.
- Employees holding RSUs may be affected by the vesting schedule.
Key Dates
| Date | Description |
|---|---|
| 03/31/2022 | Reporting person was granted 7,550 RSUs, 1/3 of which vest annually over 3 years on the anniversary of the grant date. |
| 03/31/2023 | Reporting person was granted 7,318 RSUs, 1/3 of which vest annually over 3 years on the anniversary of the grant date. |
| 03/31/2024 | Reporting person was granted 2,280 RSUs, 1/3 of which vest annually over 3 years on the anniversary of the grant date. |
| 03/31/2025 | Date of earliest transaction: disposition of common shares and RSUs, acquisition of Deferred Share Units. |
| 04/02/2025 | Date of Form 4 signature. |
Keywords
Form 4, Director, Share Units, Common Shares, Celestica Inc., Transactions, Wilson Michael
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