Form 4: Stoneridge CTO Troy Cooprider Sells Shares Following Phantom Share Vesting

Stoneridge Inc.'s Chief Technology Officer, Troy Cooprider, reported the sale of 11,641 common shares after the vesting of an equivalent number of phantom shares.

Summary

• Troy Cooprider, Chief Technology Officer of Stoneridge Inc. (SRI), filed a Form 4 detailing recent transactions.
• On June 20, 2025, Mr. Cooprider acquired 11,641 common shares through the vesting of phantom shares.
• Concurrently, he disposed of 11,641 common shares at a price of $5.61 per share.
• The phantom shares were the economic equivalent of common shares and were paid in cash upon vesting.
• Following these transactions, Mr. Cooprider directly beneficially owns 6,362 common shares.
• He also holds 19,906 Share Units, which are payable in common shares on a one-for-one basis if he remains employed on the third anniversary of their various grant dates.

Sentiment

Score: 5

Explanation: The sentiment is neutral. This is a routine insider transaction related to executive compensation and personal financial management, not indicative of positive or negative company performance or outlook.

Positives

• The vesting of phantom shares indicates the fulfillment of long-term incentive compensation for a key executive, aligning management interests with shareholder value over time.
• The transaction demonstrates the company's compensation structure, which includes equity-based incentives for its leadership.

Negatives

• The sale of 11,641 common shares by a Chief Technology Officer reduces his direct equity stake in the company, which could be perceived as a slight decrease in direct alignment with shareholder interests, although it's a common practice for liquidity or tax purposes.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction. It solely reports an insider transaction.

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction and does not provide broader insights into industry trends or competitive landscape. Such transactions are common across all industries as part of executive compensation and personal financial management.

Related Party Transactions

• The transaction involves an executive (Troy Cooprider) of Stoneridge Inc. exercising and selling company stock, which is a standard related-party transaction requiring disclosure under SEC rules.

Stakeholder Impact

• Shareholders: The sale represents a minor dilution of the executive's direct ownership, but it is a common and expected part of executive compensation. The impact on share price is likely minimal due to the routine nature and size of the transaction.
• Employees: The transaction highlights the company's long-term incentive plan, which can be a positive for employee retention and motivation, particularly for executives.

Next Steps

• Continued employment of Troy Cooprider is required for the vesting and payout of the remaining 19,906 Share Units.

Key Dates

Keywords

Stoneridge Inc., SRI, Troy Cooprider, Chief Technology Officer, CTO, SEC Form 4, Insider Trading, Stock Transaction, Phantom Shares, Share Units, Equity Compensation, Executive Compensation