secwatch.observer — SEC 8-K summary
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Issuer:     CECO ENVIRONMENTAL CORP (CECO)
CIK:        0000003197
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0000950170-23-052069
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
LLM model:  deepseek-v4-flash:cloud@v2

CECO grants performance-based PSUs to CFO and Chief Legal Officer; stock price targets $22-$35
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3197/000095017023052069/0000950170-23-052069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3197/000095017023052069/ceco-20230929.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-052069

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer