Form 4: Stoneridge CFO Sells Shares Following Phantom Share Conversion

Stoneridge Inc.'s Chief Financial Officer, Matthew R. Horvath, sold 29,103 common shares for $5.61 per share on June 20, 2025, after converting an equal number of phantom shares into cash.

Summary

• Matthew R. Horvath, Chief Financial Officer of Stoneridge, Inc. (SRI), reported transactions on June 20, 2025.
• He acquired 29,103 common shares through the conversion of phantom shares.
• Simultaneously, Mr. Horvath disposed of 29,103 common shares at a price of $5.61 per share.
• The phantom shares were the economic equivalent of common shares and were settled in cash.
• Following these transactions, Mr. Horvath directly beneficially owns 13,888 common shares.
• He also holds 82,239 Share Units, which are payable on a one-for-one basis in Company common shares if he remains employed on the third anniversary of their various grant dates.

Sentiment

Score: 6

Explanation: The transaction represents a routine conversion and sale of equity compensation. While there was a sale of shares, the CFO retains a significant number of unvested Share Units, indicating continued alignment with the company's long-term performance.

Positives

• The CFO retains a significant number of Share Units (82,239), aligning his interests with long-term shareholder value, contingent on continued employment.

Negatives

• The Chief Financial Officer sold 29,103 common shares, which could be interpreted as a reduction in direct equity exposure.

Future Outlook

Matthew R. Horvath's 82,239 Share Units are expected to convert into common shares on a one-for-one basis if he remains employed on the third anniversary of their various grant dates, indicating a future equity payout contingent on continued service.

Management Comments

• Each Phantom Share was the economic equivalent of one Common Share and was paid in cash.
• Share Units granted to the Reporting Person pursuant to the Company's Long-Term Incentive Plan payable on a one-for-one basis in Company common shares if the Reporting Person remains employed on the third anniversary of the various grant dates.

Industry Context

This Form 4 filing details a routine insider transaction related to equity compensation, common across publicly traded companies. It does not provide specific insights into broader industry trends or competitive dynamics within the automotive or commercial vehicle technology sectors where Stoneridge operates.

Stakeholder Impact

• Shareholders: The sale by a key executive might be viewed with slight caution, but the retention of significant unvested equity (Share Units) suggests ongoing commitment.
• Employees: No direct impact mentioned.
• Customers/Suppliers/Creditors: No direct impact mentioned.

Next Steps

• Vesting of 82,239 Share Units on the third anniversary of their various grant dates, contingent on Matthew R. Horvath's continued employment.

Key Dates

Keywords

Stoneridge Inc., SRI, Form 4, Insider Trading, Share Sale, CFO, Matthew R. Horvath, Phantom Shares, Share Units, Equity Compensation