Form 4: Stoneridge Inc. Executive Ferraiolo Reports Share Transactions
SEC Form 4 Filing
Caetano Roberto Ferraiolo, President of Stoneridge Brazil, reports the vesting and payment of share units and disposition of shares to cover tax obligations.
Summary
- On March 8, 2024, Caetano Roberto Ferraiolo, President of Stoneridge Brazil, reported transactions involving Stoneridge Inc. common shares.
- 1,476 share units, granted on March 8, 2021, vested and were paid out in company common shares on a one-for-one basis.
- Additionally, 393 shares were disposed of at a price of $16.85 to cover tax obligations.
- Following these transactions, Ferraiolo directly owns 2,107 common shares and 14,898 share units, as well as 14,551 phantom shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.
Future Outlook
The remaining share units will vest if the Reporting Person remains employed on the dates specified under the various grant agreements. 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, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/08/2021 | Reporting Person was granted 1,476 Share Units pursuant to the Company's Long-Term Incentive Plan |
| 03/08/2024 | Share Units vested and were paid on a one-for-one basis in Company Common Shares; disposition of shares for tax obligations. |
| 03/11/2024 | Date of signature for the report. |
| 06/20/2025 | Date when Phantom Shares will be paid in cash equal to the fair market value of one Company Common Share if the Reporting Person remains employed. |
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