Form 4: Stoneridge CFO Matthew Horvath Reports Share Transactions
SEC Form 4 Filing
Matthew Horvath, CFO of Stoneridge, Inc., reports the vesting and conversion of share units into common shares, as well as the disposition of shares to cover tax obligations.
Summary
- Matthew R. Horvath, the Chief Financial Officer of Stoneridge, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On March 8, 2024, Horvath vested 1,184 share units, which were then converted into common shares on a one-for-one basis.
- Also on March 8, 2024, Horvath disposed of 646 common shares at a price of $16.85 to satisfy tax obligations.
- Following these transactions, Horvath directly owns 7,021 common shares.
- Horvath also holds 15,294 share units and 29,103 phantom shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing transactions by a company insider; it doesn't inherently convey positive or negative sentiment.
Future Outlook
The phantom shares will be paid in cash equal to the fair market value of one Company Common Share if the Reporting Person remains employed on June 20, 2025.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Vesting of 1,184 share units and disposition of 646 common shares. |
| 03/11/2024 | Date of signature for the report. |
| 06/20/2025 | Date when phantom shares will be paid out in cash if the reporting person remains employed. |
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