Form 4: Stoneridge Inc. CEO James Zizelman Reports Share Transactions
SEC Form 4 Filing
James Zizelman, President and CEO of Stoneridge Inc., reports the vesting and conversion of share units into common shares, as well as a disposition of shares to cover tax obligations.
Summary
- On March 1, 2024, James Zizelman, the President and CEO of Stoneridge Inc., reported transactions involving the company's common shares.
- 1,000 share units vested and were converted into 1,000 common shares.
- Zizelman also disposed of 426 shares to satisfy tax obligations at a price of $17.66 per share.
- Following these transactions, Zizelman directly owns 10,392 common shares and 35,656 share units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports routine transactions.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/14/2022 | Reporting Person was granted 12,035 Share Units pursuant to the Company's Long-Term Incentive Plan |
| 03/01/2024 | 1,000 Share Units vested and were paid on a one-for-one basis in Company Common Shares |
| 03/01/2024 | Date of transaction: vesting of share units and disposition of shares for tax obligations. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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