other material
confidence high
sentiment neutral
materiality 0.35
CECO grants performance-based PSUs to CFO and Chief Legal Officer; stock price targets $22-$35
CECO ENVIRONMENTAL CORP
- Peter Johansson (CFO) granted 47,247 PSUs; Joycelynn Watkins-Asiyanbi (CAO/CLO) granted 41,341 PSUs.
- PSUs vest on July 5, 2027 if stock price exceeds $22 (100% payout) or $35 (200% payout) for 20 consecutive trading days.
- Vesting also requires continuous employment through July 5, 2027.
- Grants align with similar PSU award to CEO Todd Gleason earlier in 2023.