Form 4: Stoneridge Executive Susan C. Benedict Reports Share Transactions

Susan C. Benedict, CHRO and Assistant GC of Stoneridge, Inc., reports the vesting and disposal of share units and common shares.

Summary

• On March 1, 2024, Susan C. Benedict, CHRO and Assistant GC of Stoneridge, Inc., reported transactions involving Stoneridge's common shares.
• 1,000 share units vested and were converted into 1,000 common shares.
• 489 common shares were disposed of to cover tax obligations at a price of $17.66 per share.
• Following these transactions, Benedict directly owns 8,259 common shares and 16,812 share units.
• Benedict also holds 29,103 phantom shares that will be paid in cash if she remains employed until June 20, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing insider transactions, which carries a neutral sentiment.

Future Outlook

The remaining share units will be payable on a one-for-one basis in Company Common Shares if the Reporting Person remains employed on the dates specified in the various grant agreements. 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, which are common among publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they represent a small fraction of the total outstanding shares.

Key Dates