Form 4: Celestica Inc. Executive Yann L. Etienvre Reports Share Transactions

Chief Operations Officer of Celestica Inc., Yann L. Etienvre, reports multiple transactions involving common shares and performance/restricted share units.

Summary

• Yann L. Etienvre, Chief Operations Officer of Celestica Inc., has reported several transactions involving the company's common shares and share units.
• On January 31, 2025, Mr. Etienvre acquired 17,791 common shares through the vesting of restricted share units and disposed of 8,610 shares to cover tax obligations at a price of $127.54 per share, resulting in a net holding of 9,181 shares.
• Also on January 31, 2025, 9,181 shares were sold at $127.54 per share.
• On February 1, 2025, Mr. Etienvre acquired 154,216 common shares through the vesting of performance share units and disposed of 74,564 shares to cover tax obligations at a price of $123.47 per share, resulting in a net holding of 79,652 shares.
• On February 2, 2025, Mr. Etienvre acquired 6,829 common shares through the vesting of restricted share units and disposed of 3,302 shares to cover tax obligations at a price of $123.47 per share, resulting in a net holding of 83,179 shares.
• These transactions also involved the vesting of performance share units (PSUs) and restricted share units (RSUs), which represent a contingent right to receive common shares or cash.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of insider transactions, which is neither positive nor negative in itself. It reflects standard executive compensation practices.

Industry Context

This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, similar to filings made by executives at companies like Jabil Inc. (JBL) and Flex Ltd. (FLEX).
• The transactions reported are typical for executives receiving equity compensation, such as restricted stock units and performance share units, which are common across the technology manufacturing sector.
• The tax withholding sales are also standard practice to cover the tax liabilities associated with the vesting of equity awards.

Stakeholder Impact

• The transactions have a neutral impact on shareholders as they are part of standard executive compensation practices.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Celestica Inc, insider trading, Form 4, share transactions, performance share units, restricted share units, Yann L. Etienvre, equity compensation