CECO CEO Todd Gleason becomes at-will; gets 225K PSUs tied to $22-$35 stock price targets

CECO ENVIRONMENTAL CORP

Existing employment agreement not renewed; CEO becomes at-will effective July 5, 2023.
One-time grant of 225,000 performance-based RSUs; vests in 4 years only if stock hits $22 (200% at $35) for 20 consecutive trading days.
Housing allowance of $5,000/month for six months (Aug 2023 – Feb 2024).
CEO enters severance plan at Tier 0 level (2x base salary plus target bonus on CIC qualifying termination).
Severance plan amended to add Good Reason termination rights and enhanced benefits across all tiers.

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