KWR.NYSEQuaker Chemical CORP

Form 4: Quaker Chemical Corp Executive Fleck Sells Shares to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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Jeffrey L. Fleck, SVP and Chief GSCO of Quaker Chemical Corp, sold shares to cover withholding tax obligations upon the vesting of restricted stock.

Summary

  • On February 27, 2024, Jeffrey L. Fleck, SVP, Chief GSCO of Quaker Chemical Corp, disposed of 357 shares of common stock.
  • The shares were sold at a price of $197.96 per share.
  • This transaction was to satisfy withholding tax obligations upon the vesting of restricted stock granted on February 27, 2023, under the Company's Long-Term Performance Incentive Plan.
  • Following the transaction, Fleck directly owns 2,785 shares of Quaker Chemical Corp.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock sale for tax purposes. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of insider transactions. This transaction appears to be a standard sale of shares to cover tax obligations related to stock vesting, which is a common practice among corporate executives.

Stakeholder Impact

  • The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by an executive to cover tax obligations.

Key Dates

DateDescription
02/27/2023Date of restricted stock grant under the Company's Long-Term Performance Incentive Plan.
02/27/2024Date of transaction: sale of shares to cover withholding tax obligation.
02/29/2024Date of signature on the Form 4 filing.

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