Form 4: Director Michael F. Barry Reports Stock Transaction in Quaker Chemical Corp
SEC Form 4 Filing
Director Michael F. Barry reported the disposition of 849 shares of Quaker Chemical Corp to cover withholding tax obligations.
Summary
- On March 15, 2024, Michael F. Barry, a director of Quaker Chemical Corp, disposed of 849 shares of common stock to satisfy withholding tax obligations.
- The shares were surrendered at a price of $200.16 per share.
- Following the transaction, Barry directly owns 75,949 shares of Quaker Chemical Corp.
- The transaction was related to the vesting of restricted stock granted on March 15, 2021, under the company's Long-Term Performance Incentive Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company director. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where shares are surrendered to cover tax obligations upon vesting of restricted stock.
Key Dates
| Date | Description |
|---|---|
| 03/15/2021 | Date of restricted stock grant under the Company's Long-Term Performance Incentive Plan. |
| 03/15/2024 | Date of transaction: disposition of shares to cover withholding tax. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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