R. Todd Gleason - Mar 15, 2024 Form 4 Insider Report for CECO ENVIRONMENTAL CORP (CECO)

Role: Chief Executive Officer, Director
Signature: /s/ Kiril Kovachev as Attorney-in-Fact for Todd Gleason
Stock symbol: CECO
Transactions as of: Mar 15, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/19/2024, 01:29 PM
Previous filing: Dec 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CECO	Common Stock	Award	$0	+76.3K	+33.5%	$0.00	304K	Mar 15, 2024	Direct	F1
holding	CECO	Common Stock						444	Mar 15, 2024	By first son
holding	CECO	Common Stock						444	Mar 15, 2024	By second son
holding	CECO	Common Stock						444	Mar 15, 2024	By third son
holding	CECO	Common Stock						444	Mar 15, 2024	By daughter

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CECO	Stock Option (right to buy)	Award	$0	+25.4K		$0.00	25.4K	Mar 15, 2024	Common Stock	25.4K	$21.32	Direct	F2
holding	CECO	Restricted Stock Units						225K	Mar 15, 2024	Common Stock	225K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 42,893 shares representing the achievement in excess of target for the performance-based restricted stock awards granted on April 1, 2021.
F2	The stock option vests in three equal annual installments beginning on March 15, 2025, and expires ten years from the grant date.
F3	Represents performance-based restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Company's stock.
F4	Conversion of restricted stock units to the Company's common stock will occur at the fourth anniversary of the grant date assuming the reporting person is still employed by the Company and if the shares of the Company's common stock have achieved certain stock price targets over the course of the performance period.