Form 4: Stoneridge Inc. Director Paul J. Schlather Reports Share Transactions
SEC Form 4 Filing
Director Paul J. Schlather reports acquisition and disposal of Stoneridge Inc. shares, including shares from a restricted stock plan.
Summary
- Paul J. Schlather, a director of Stoneridge Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 11, 2024, Schlather acquired 8,122 common shares at $0, likely related to vesting of restricted stock.
- Schlather also disposed of 8,122 common shares on the same day.
- Following these transactions, Schlather directly owns 24,817 common shares.
- He also indirectly owns 62,500 shares through an IRA and 76,714 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Positives
- The vesting of restricted stock indicates continued alignment of the director's interests with the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the actions of company directors and officers.
Stakeholder Impact
- Shareholders can use this information to understand the trading activity of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock acquisition and disposal. |
| 03/13/2024 | Date of signature by power of attorney. |
| March 3, 2025 | Restricted Common Shares granted to the Reporting Person pursuant to the 2018 Amended and Restated Directors' Restricted Shares Plan, no longer subject to substantial risk of forfeiture. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.