Form 4: Quaker Chemical Director Discloses Routine Equity Transactions and New RSU Grant

A director at Quaker Chemical Corp. (KWR) has filed a Form 4 detailing the vesting of restricted stock units, settlement of dividend equivalent rights, acquisition of shares as compensation, and a new grant of restricted stock units.

Summary

• On May 31, 2025, Director Lucrece Foufopoulos-De Ridder reported the vesting and subsequent disposition of 596 Restricted Stock Units (RSUs) and 6 Dividend Equivalent Rights (DERs), which converted into common stock.
• On June 1, 2025, the director acquired 551 shares of Quaker Chemical common stock at a price of $108.84 per share, representing 75% of her annual retainer paid under the 2023 Director Stock Ownership Plan.
• Additionally, on June 1, 2025, the director was granted 1,198 new time-based Restricted Stock Units (RSUs) under the Company's Long-Term Performance Incentive Plan as part of her 2025 compensation.
• Following these transactions, the director's direct beneficial ownership of common stock is 1,430 shares, and she directly holds 1,198 Restricted Stock Units.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as it reflects ongoing director compensation and equity alignment, despite some routine disposition of shares upon vesting.

Positives

• The director received a new grant of 1,198 Restricted Stock Units, aligning her interests with future company performance.
• The acquisition of 551 shares as part of the annual retainer demonstrates continued equity-based compensation for directors, fostering alignment with shareholders.

Negatives

• The disposition of 596 shares from vested RSUs and 6 shares from settled DERs on May 31, 2025, represents a reduction in direct common stock holdings from these specific awards, though this is a common practice for tax withholding or liquidity upon vesting.

Future Outlook

The newly granted 1,198 Restricted Stock Units are scheduled to vest 100% on May 31, 2026, indicating a future equity event for the director.

Industry Context

This filing is a routine disclosure of insider transactions, common across all publicly traded companies, reflecting standard director compensation practices and equity award vesting schedules.

Corporate Governance

Related Party Transactions

• The transactions involve the company (Quaker Chemical Corp.) and one of its directors (Lucrece Foufopoulos-De Ridder), which are considered related party transactions under SEC regulations.

Stakeholder Impact

• Shareholders: The director's equity ownership changes, which can influence alignment of interests between management and shareholders. The new RSU grant ties the director's future compensation to the company's stock performance.

Next Steps

• The 1,198 Restricted Stock Units granted on June 1, 2025, are expected to vest 100% on May 31, 2026.

Key Dates

Keywords

Quaker Chemical Corp, KWR, SEC Form 4, Insider Trading, Restricted Stock Units, RSU, Dividend Equivalent Rights, DER, Director Compensation, Equity Grant, Beneficial Ownership