Form 4: Stoneridge Executive Converts Share Units, Sells for Tax

Stoneridge Inc.'s CHRO and Assistant GC, Susan C. Benedict, converted 7,396 share units into common stock and subsequently sold 3,224 shares for tax obligations.

Summary

• Susan C. Benedict, CHRO and Assistant GC of Stoneridge Inc. (SRI), reported transactions on March 2, 2026.
• Converted 7,396 Share Units into 7,396 Common Shares without par value. This was a vesting event from a Long-Term Incentive Plan granted on March 13, 2023.
• Disposed of 3,224 Common Shares at a price of $7.69 per share, likely for tax withholding purposes related to the vesting.
• Following these transactions, Benedict beneficially owns 17,244 Common Shares directly.
• Additionally, Benedict holds 56,415 Phantom Shares, which are economic equivalents of common shares and will be paid in cash on January 31, 2027, if employment continues.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral event. The vesting of share units is positive for the executive, but the subsequent sale for tax purposes is a routine, non-discretionary transaction that does not reflect a change in fundamental outlook.

Positives

• Vesting of 7,396 Share Units indicates successful achievement of performance or tenure conditions under the company's Long-Term Incentive Plan.
• The conversion of Share Units into common stock increases the reporting person's direct equity stake in the company (before the tax-related sale).

Negatives

• The disposition of 3,224 Common Shares, even for tax purposes, reduces the reporting person's direct beneficial ownership of the company's common stock.

Future Outlook

The filing indicates a future vesting event for 56,415 Phantom Shares on January 31, 2027, contingent on the reporting person's continued employment.

Industry Context

StockSavvy.ai notes that insider transactions, such as the vesting of equity awards and subsequent tax-related sales, are routine occurrences in publicly traded companies. These events reflect compensation structures designed to align executive interests with shareholder value over the long term.

Related Party Transactions

• The reported transactions involve an insider (Susan C. Benedict, CHRO and Assistant GC) and the company (Stoneridge Inc.), which are considered related party transactions.

Stakeholder Impact

• Shareholders: Minor impact as these are routine insider compensation and tax-related transactions, not indicative of a change in company fundamentals or strategy.
• Employees: No direct impact on the broader employee base, but reflects the company's executive compensation structure.

Next Steps

• Continued employment of Susan C. Benedict until January 31, 2027, for the vesting of 56,415 Phantom Shares.

Key Dates

Keywords

Stoneridge Inc., SRI, Form 4, Insider Transaction, Susan C. Benedict, Share Units, Common Shares, Stock Vesting, Tax Withholding, Phantom Shares, Long-Term Incentive Plan