Form 4: Stoneridge Inc. Executive Rajaey Kased Reports Stock Transactions
SEC Form 4 Filing
Rajaey Kased, President of Control Devices at Stoneridge Inc., reports the vesting and conversion of share units into common stock, as well as the sale of common shares.
Summary
- On March 8, 2024, Rajaey Kased, President of Control Devices at Stoneridge Inc., reported transactions involving the company's stock.
- 2,112 share units vested and were converted into common shares on a one-for-one basis.
- Kased also sold 1,032 common shares at a price of $16.85 per share.
- Following these transactions, Kased directly owns 5,763 common shares and 8,307 share units, and 14,551 phantom shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Future Outlook
The remaining share units will vest if the Reporting Person remains employed on the date 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 stock transactions by a company insider, which is common practice and regulated by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on the volume and market reaction.
Key Dates
| Date | Description |
|---|---|
| 03/08/2021 | Reporting Person was granted 2,112 Share Units pursuant to the Company's Long-Term Incentive Plan |
| 02/01/2023 | Date of power of attorney document |
| 03/08/2024 | Share Units vested and were paid on a one-for-one basis in Company Common Shares; Common Shares sold |
| 03/11/2024 | Date of signature for the report |
| 06/20/2025 | Date when Phantom Shares will be paid in cash if the Reporting Person remains employed |
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