CECO ENVIRONMENTAL CORP — Director's Dealing 2024

Mar 19, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CECO ENVIRONMENTAL CORP (CECO)
CIK: 0000003197
Period of Report: 2024-03-15

Reporting Person: Gleason Todd R (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-03-15	Common Stock	A	76337	—	Acquired	304195	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-03-15	Stock Option (right to buy)	$21.32	A	25446	Acquired		Common Stock (25446)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	444	Indirect
Common Stock	444	Indirect
Common Stock	444	Indirect
Common Stock	444	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (225000)	225000	Direct

Footnotes

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.