secwatch.observer — SEC 8-K summary
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Issuer:     CECO ENVIRONMENTAL CORP (CECO)
CIK:        0000003197
Form:       8-K
Filed at:   2025-06-06T23:59:59+00:00
Accession:  0000950170-25-083221
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
LLM model:  deepseek-v4-flash:cloud@v2

CECO CEO gets 150K PSUs vesting if stock hits $40 within 4 years
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- Grant of 150,000 performance-based restricted stock units to CEO Todd R. Gleason on June 4, 2025.
- PSUs vest on June 4, 2029 if stock price reaches $40 for 20 consecutive trading days; up to 200% payout at $70.
- No payout unless stock reaches $40; forfeiture if CEO leaves before vesting date.
- Grant is under the 2021 Equity and Incentive Compensation Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/3197/000095017025083221/0000950170-25-083221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/3197/000095017025083221/ceco-20250604.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-083221

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