Form 4: Stoneridge CHRO and Assistant GC Executes Pre-Planned Share Transactions

Susan C. Benedict, Stoneridge Inc.'s CHRO and Assistant General Counsel, engaged in pre-planned transactions involving the disposition of phantom shares and common stock on June 20, 2025.

Summary

• Susan C. Benedict, the Chief Human Resources Officer and Assistant General Counsel of Stoneridge, Inc. (SRI), reported transactions on June 20, 2025.
• She disposed of 29,103 phantom shares, which were the economic equivalent of common shares and paid in cash.
• Concurrently, she disposed of 29,103 common shares at a price of $5.61 per share.
• Following these transactions, Ms. Benedict's direct beneficial ownership of common shares is 13,072.
• She continues to hold 63,811 Share Units, granted under the Company's Long-Term Incentive Plan, which are convertible to common shares on a one-for-one basis if employment conditions are met on the third anniversary of their grant dates.
• The transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a factual report of pre-planned insider transactions, which are routine disclosures. While a disposition occurred, it was under a 10b5-1 plan, mitigating negative interpretations.

Positives

• The transactions were executed under a Rule 10b5-1 plan, indicating a pre-scheduled and transparent disposition, which can reduce concerns about opportunistic insider trading.
• The reporting person continues to hold a significant number of Share Units (63,811), aligning her interests with long-term shareholder value.

Negatives

• The disposition of 29,103 common shares by a key executive could be perceived negatively by some investors, although it was part of a pre-planned transaction.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing details an individual executive's stock transactions and does not provide broader industry context or trends. It is a routine disclosure of insider trading activity.

Stakeholder Impact

• Shareholders: Provides transparency regarding executive stock ownership and transactions, which can influence investor confidence. The disposition, while pre-planned, reduces the executive's direct shareholding.
• Employees: The continued holding of Share Units by a key executive may signal long-term commitment to the company's success.

Key Dates

Keywords

Stoneridge Inc., SRI, SEC Form 4, Insider Trading, Executive Compensation, Stock Transactions, Phantom Shares, Share Units, Rule 10b5-1 Plan