Form 4: Stoneridge CFO Matthew Horvath Reports Acquisition of Share Units and Phantom Shares

Matthew R. Horvath, CFO of Stoneridge, Inc., reports the acquisition of share units and phantom shares under the company's Long-Term Incentive Plan.

Summary

• On March 10, 2025, Matthew R. Horvath, Chief Financial Officer of Stoneridge, Inc., reported changes in beneficial ownership to the SEC.
• Horvath acquired 60,524 share units under the company's Long-Term Incentive Plan, payable in common shares if he remains employed until March 1, 2028.
• He also holds 29,103 phantom shares, which are the economic equivalent of common shares and will be paid in cash if he remains employed until June 20, 2025.
• Following these transactions, Horvath directly owns 13,888 common shares and beneficially owns 82,239 share units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and aligns management interests with shareholders through equity-based incentives.

Positives

• The acquisition of share units and phantom shares aligns the CFO's interests with the long-term performance of the company.
• The vesting conditions (continued employment) incentivize the CFO to remain with the company.

Future Outlook

The share units are payable in common shares on March 1, 2028, contingent on continued employment, and the phantom shares are payable in cash on June 20, 2025, also contingent on continued employment.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company executive, which is common in publicly traded companies. It reflects part of the executive compensation structure, often designed to align management's interests with those of shareholders.

Stakeholder Impact

• Shareholders may view the acquisition of share units and phantom shares as a positive sign, aligning the CFO's interests with the company's long-term success.
• Employees may see this as a standard part of executive compensation.

Key Dates