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 withholding of shares for tax obligations.
Summary
- On March 1, 2024, Matthew Horvath, CFO of Stoneridge, Inc., reported transactions involving the company's common shares.
- 6,438 share units vested and were converted into common shares on a one-for-one basis.
- 2,941 shares were disposed of to cover tax obligations at a price of $17.66 per share.
- Following these transactions, Horvath directly owns 6,483 common shares.
- Horvath also holds 16,478 share units and 29,103 phantom shares.
Sentiment
Score: 5
Explanation: This is a neutral report of insider transactions, with no inherent positive or negative implications for the company's performance.
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
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/14/2022 | Reporting Person was granted 12,860 Share Units pursuant to the Company's Long-Term Incentive Plan |
| 03/01/2024 | Share units vested and converted to common shares; shares disposed of for tax obligations. |
| 03/05/2024 | Date of signature on the report. |
| 06/20/2025 | Date when phantom shares will be paid out in cash if the Reporting Person remains employed. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.