Form 4: Quaker Chemical Exec's Equity Awards Vest, New Grant Issued

Miguel Moreno Hernandez, SVP at Quaker Chemical, reported the vesting of performance and restricted stock units, settlement of dividend equivalent rights, and a new RSU grant.

Summary

• Miguel Moreno Hernandez, SVP, Reg Comm Lead-EMEA at Quaker Chemical Corp (KWR), reported changes in beneficial ownership of common stock and derivative securities.
• Acquired 120 shares of common stock on March 15, 2026, from the vesting and settlement of Performance Stock Units (PSUs) awarded on March 15, 2023, based on adjusted return on invested capital (ROIC) metric achievement.
• Acquired 100 shares of common stock on March 15, 2026, from the conversion of Restricted Stock Units (RSUs) granted on March 15, 2023.
• Acquired 90 shares of common stock on March 15, 2026, from the conversion of RSUs granted on March 15, 2024.
• Acquired 166 shares of common stock on March 15, 2026, from the conversion of RSUs granted on March 15, 2025.
• Acquired 7 shares of common stock on March 15, 2026, from the settlement of Dividend Equivalent Rights (DERs) accrued on RSUs granted in 2023, 2024, and 2025.
• Disposed of 241 shares of common stock on March 15, 2026, at a price of $118.45 per share, to satisfy withholding tax obligations upon the vesting of certain PSUs and RSUs.
• Received a new grant of 759 time-based RSUs on March 15, 2026, under the Company's Long-Term Performance Incentive Plan, which will vest in three annual installments beginning on March 15, 2027.
• Following these transactions, the reporting person directly beneficially owns 2,184 shares of common stock and 1,181 Restricted Stock Units (90 from 2024 grant, 332 from 2025 grant, and 759 from the new 2026 grant).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a standard report of executive compensation and ownership changes, with no significant positive or negative implications for the company's operational or financial performance.

Positives

• Acquisition of 120 common shares from the vesting of Performance Stock Units (PSUs) indicates achievement of performance targets (adjusted ROIC).
• Conversion of 356 Restricted Stock Units (RSUs) into common stock reflects the time-based vesting of previously granted equity awards.
• Settlement of 7 Dividend Equivalent Rights (DERs) further increases common stock ownership.
• A new grant of 759 time-based RSUs demonstrates continued long-term incentive alignment with the company.

Negatives

• Disposition of 241 shares of common stock at $118.45 per share to cover tax withholding obligations reduces the direct beneficial ownership.

Future Outlook

The 759 time-based Restricted Stock Units granted on March 15, 2026, are scheduled to vest in three annual installments, commencing on March 15, 2027. Dividend Equivalent Rights will continue to accrue on these RSUs when and as dividends are paid on KWR common stock.

Industry Context

StockSavvy.ai notes this Form 4 filing is a routine disclosure of insider transactions related to executive compensation. It reflects the standard operation of long-term incentive plans, where equity awards vest based on performance or time, and shares are often withheld to cover tax liabilities. Such filings are common and generally do not indicate a shift in company strategy or performance.

Stakeholder Impact

• Shareholders receive a routine update on executive compensation and ownership, reflecting the company's long-term incentive plan and alignment of executive interests with shareholder value through equity awards.

Next Steps

• The remaining installments of previously granted RSUs will continue to vest according to their respective schedules.
• The newly granted 759 time-based RSUs will begin vesting in three annual installments starting March 15, 2027.

Key Dates

Recommendation

This Form 4 details routine executive compensation events, including the vesting of equity awards and a new RSU grant, along with shares withheld for tax obligations. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is maintained, pending further fundamental analysis.

Keywords

Quaker Chemical, KWR, Form 4, Insider Transaction, Equity Awards, Restricted Stock Units, Performance Stock Units, Dividend Equivalent Rights, Executive Compensation, Stock Ownership