CECO CECO ENVIRONMENTAL CORP Insider Trading

Director Jason Dezwirek sold 68,000 shares at $96.94 avg for $6.6M, reducing holdings by 34.0%

Jason Dezwirek, a Director at CECO ENVIRONMENTAL CORP, executed 2 separate sales totaling 68.0K shares for $6,592,198.80 on June 24–25, 2026, at blended average price $96.94. This sale reduced his holdings from 200,000 shares to 132,000 shares (a -34.0% net reduction). The current stock price is $91.87, and the 90-day change is +50.7%, meaning the stock has appreciated significantly since the filing. His prior trades at CECO (5 prior sells, all occurring in July 2025) showed positive 90-day returns ranging from +9.7% to +17.3%, with 0 of 5 prior sells well-timed at the 90-day mark — all occurred before gains, not before declines. The company reports $750.0M latest quarterly revenue but $-398.0K net income, with a P/E of 241.76, indicating profitability concerns despite strong recent price momentum. The combination of significant position reduction by a director during a period of strong upward momentum and the company's negative earnings warrants observation.

CFO Peter K. Johansson sells 30,000 shares ($2.9M) at $96.49, reducing holdings by 42.4% to 40.7K shares

Peter K. Johansson, SVP and Chief Financial Officer, executed a substantial sale of 30,000 shares for $2,894,802.00 at $96.49 per share on 2026-06-24, reducing his post-transaction holdings to 40.7K shares from 70.7K shares—a 42.4% reduction in his position. The sale occurred near the 52-week high of $101.24, with the current price at $91.87 representing a 9.3% decline from that peak, suggesting the CFO sold at elevated valuations. The company faces structural challenges: latest quarterly revenue stands at $750.0M with net income at $-398.0K (a loss position), annual revenue growth is 0.0%, and the P/E ratio of 241.76 reflects a stock trading at extreme multiples despite negative profitability. This combination—a top finance executive offloading a material percentage of holdings while the company faces negative earnings and stalled revenue growth—warrants examination of capital allocation priorities and management confidence levels.

Director Richard F Wallman bought 20,000 shares of CECO at $76.85; 5 of 5 prior CECO buys were well-timed with positive 90d returns

Richard F Wallman, a director, purchased 20,000 shares at $76.85 on 2026-06-01, increasing his holdings by 23.4% to 105,500 shares—a material commitment of $1,536,938.00. His prior transaction history at CECO is notably consistent: all 5 prior buys at this ticker yielded positive 90-day returns, with a median 90-day gain of 7.1% to 18.5%. His cross-ticker buy track record shows a 100.00% win rate at the 90-day mark with an average 90d return of +14.9%. The current stock price of $79.47 sits 13.6% below the 52-week high of $92.00, though it has recovered 45.7% over the past 90 days. Given the company's deteriorating fundamentals—net income of $-398,000.00 on revenue of $750,000,000.00 and an elevated P/E of 209.13—the insider's continued accumulation despite weak profitability warrants investor attention to the timing rationale and whether this reflects directional confidence or other factors.

Director Richard Wallman purchases 15,000 CECO shares in two tranches, signaling conviction amid recovery and stretched valuation.

Director Richard Wallman executed a substantial open-market buy of 15,000 shares across two transactions on the same day, totaling approximately $1.1 million in committed capital. The timing is notable: while the stock has recovered dramatically over the past month and is trading below its recent highs, it remains valued at a stretched multiple relative to current earnings, suggesting Wallman is betting on near-term momentum rather than catching a deep undervaluation. His accumulation of roughly 4–6% of his existing holdings demonstrates material conviction, but the simultaneous purchase price variations and same-day execution hint at tactical buying rather than a contrarian bottom-fishing move. For a director of a profitable industrial company with stable fundamentals but recent quarterly losses, this purchase signals confidence in the company's recovery trajectory, though the aggressive valuation makes this a moderately aggressive bet on near-term execution.

CEO Todd Gleason sold 300,000 shares (42.2% reduction) for $15.1M across 5 transactions Sept 18-22 near 52-week highs.

Todd Gleason, Chief Executive Officer of CECO Environmental, executed 5 separate sales totaling 300,000 shares for $15,104,935.76 at a blended average price of $50.35, reducing his post-transaction holdings to 410,835 shares from 710,835 shares. The timing of these sales is notable: they occurred within a four-day window (September 18–22, 2025) at prices ranging from $49.10 to $51.30, with the stock currently trading at $50.53 and having reached 52-week highs of $51.15, placing these sales near the top of the company's recent valuation range. The disposition of 300,000 shares represents a -42.2% reduction in his shareholdings, a material lightening of position by the company's chief executive during a period of strong recent price appreciation (90-day change: +72.0%), which shifts control and financial upside materially away from CEO hands.

CECO Director WALLMAN bought 3,000 shares at $46.93 on 2025-09-05, now 80,500 total; 3 of 3 prior buys at CECO well-timed at 90-day mark.

Richard F. Wallman, a Director of CECO Environmental, purchased 3,000 shares at $46.93, bringing his holdings to 80,500 shares and representing a 3.9% increase in position size. This buy occurs in a context of strong recent performance: CECO stock is up 66.8% over 90 days and up 3.1% over 30 days, though it is now -7.2% from its 52-week high of $48.77. Wallman's prior trading history at CECO is notably consistent: all 3 prior measurable buys at this ticker generated positive 90-day returns (ranging from +10.8% to +13.2%), and his cross-ticker track record shows a 100% buy win rate at the 90-day horizon across 11 prior purchases. The stock's elevated valuation (P/E of 30.59 on $1.6B market cap) and the timing of this purchase near recent highs merit observation of whether this pattern persists.

Director Wallman purchases 4,500 shares of CECO at $44.25 for $199,125.00 on 2025-08-29; all 5 prior CECO buys were well-timed at 90-day mark.

Richard F. Wallman, Director, executed 2 separate purchases totaling 4,500 shares for $199,125.00 at a blended average price of $44.25 on 2025-08-29, increasing his holdings from 73,000 to 77,500 shares (+6.2%). This transaction stands out because Wallman's complete history at CECO comprises 5 prior buys, all of which posted positive 90-day returns—a 100% well-timed pattern. His cross-ticker track record reinforces this precision: 9 prior buys averaging +16.2% over 90 days with a 100% win rate. The current price of $46.43 is +3.6% from the transaction price over the past 30 days and has climbed +73.5% over 90 days, consistent with Wallman's historical buying pattern at this ticker. The purchase price of $44.25 sits -3.4% below the 52-week high of $48.09, positioning the entry within a range that his prior transactions have demonstrated can deliver 10–28% upside over the subsequent quarter.

Director DEZWIREK JASON sold 100,000 shares (33.3% of holdings) for $4.3M at $42.98 avg on 2025-07-30/31; stock at $45.13 (+0.0% from 52-week high)

DEZWIREK JASON, a director at CECO ENVIRONMENTAL CORP, executed 5 separate sales totaling 100,000 shares for $4,298,326.62 across July 30–31, 2025, reducing his stake from 300,000 shares to 200,000 shares. The blended average sale price of $42.98 compares to the current price of $45.13, placing the transaction near but below the 52-week high. The stock has appreciated 55.0% over the prior 30 days and 74.1% over the prior 90 days. The company trades at a P/E of 30.49 with a market cap of $1.6B. The magnitude of the transaction (one-third of holdings liquidated in two consecutive trading days) and the timing—during a period of substantial recent appreciation—warrant investor attention to understand the rationale and any material context underlying the reduction.

Director Wallman buys 15,000 shares at blended $25.18, boosting holdings to 76,000 (+24.6%); stock down 27.0% from 52-week high.

CECO Director Richard F Wallman purchased 15,000 shares across 2 transactions on 2025-02-26, increasing his holdings from 61,000 to 76,000 shares (a 24.6% increase in position size) at a blended average price of $25.18. The purchase occurs at a material discount to the 52-week high of $34.51, with the stock currently trading at -27.0% from that peak and down -11.2% over the past 30 days. Wallman's prior trades at CECO show a strong historical pattern: 4 of 4 measurable prior buys at this ticker generated positive 90-day returns (+10.8%, +12.4%, +28.1%, +19.5%), and his cross-ticker buy track record across all securities shows a 100% win rate over 90 days with an average return of +17.7%, contrasting with his sells which have been well-timed to declines. This substantial accumulation—executing two separate purchases totaling $377,766.60 in a single day—reflects director-level conviction at depressed valuations, though the company's P/E of 74.06 and recent quarterly net income of $2.1M on $135.5M revenue merit closer examination of whether the valuation discount reflects temporary headwinds or structural concerns.

Director Richard F Wallman purchases 10,000 shares of CECO at $28.77; adds 19.2% to holdings amid strong 90-day track record at ticker

Director Wallman acquired 10,000 shares at $28.77, increasing his position by 19.2% to 62,000 total shares, representing a $287.7K commitment. His prior five purchases at CECO have demonstrated consistent timing discipline: all five resulted in positive 90-day returns ranging from 12.4% to 41.4%, with a 100% 90-day win rate at this ticker. The current purchase price of $28.77 sits 10.9% below the 52-week high of $30.93, placing the stock in a retreat phase. Against this backdrop, the company is delivering strong fundamentals with 28.9% annual revenue growth and a recent quarter revenue of $137.5M and net income of $4.5M, though the P/E ratio of 72.50 reflects a growth-multiple valuation. The repetitive purchase pattern and insider's demonstrated ability to identify favorable entry points at CECO warrant investor attention to both the timing signal and the underlying business momentum.