Form 4: Stoneridge CEO James Zizelman Reports Share Transactions
SEC Form 4 Filing
James Zizelman, President and CEO of Stoneridge, Inc., reports the vesting and subsequent disposition of share units, along with a disposition of common shares to cover tax obligations.
Summary
- On March 8, 2024, James Zizelman, the President and CEO of Stoneridge, Inc., had 5,258 share units vest under the company's Long-Term Incentive Plan.
- These share units were granted on March 8, 2021, and vested on a one-for-one basis into company common shares.
- Zizelman also disposed of 2,063 common shares at a price of $16.85 to cover tax obligations related to the vesting of the share units.
- Following these transactions, Zizelman directly owns 13,587 common shares and 30,398 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company executives. It's a standard practice for publicly traded companies and their officers.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices and do not indicate any significant change in the company's outlook.
Key Dates
| Date | Description |
|---|---|
| 03/08/2021 | Reporting Person was granted 5,258 Share Units pursuant to the Company's Long-Term Incentive Plan |
| 03/08/2024 | 5,258 Share Units vested and were paid on a one-for-one basis in Company common shares |
| 03/08/2024 | Disposition of 2,063 common shares to cover tax obligations |
| 03/11/2024 | Date of signature for the Form 4 filing |
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