Form 4: Stoneridge Inc. CEO James Zizelman Reports Acquisition of Share Units

James Zizelman, President and CEO of Stoneridge Inc., reports the acquisition of 36,823 share units under the company's Long-Term Incentive Plan.

Summary

• On March 11, 2024, James Zizelman, the President and CEO of Stoneridge Inc., reported the acquisition of 36,823 share units.
• These share units were granted under the company's Long-Term Incentive Plan.
• The units are payable on a one-for-one basis in Stoneridge Inc. common shares if Zizelman remains employed on March 1, 2027.
• Following the transaction, Zizelman directly owns 67,221 derivative securities.
• Zizelman also directly owns 13,587 common shares of Stoneridge Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns management interests with shareholders. There are no indications of negative events or concerns.

Positives

• The acquisition of share units by the CEO aligns his interests with the long-term performance of the company.
• The Long-Term Incentive Plan encourages continued employment and commitment from the CEO.

Future Outlook

The share units will be payable in common shares on March 1, 2027, contingent upon the Reporting Person's continued employment.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, which is common practice for publicly traded companies.

Stakeholder Impact

• The acquisition of share units by the CEO aligns his interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.

Key Dates