Form 4: Stoneridge Inc. Executive Rajaey Kased Reports Stock Transactions

Rajaey Kased, President of Control Devices at Stoneridge Inc., reports the vesting and conversion of share units into common shares, as well as the disposition of shares to cover tax obligations.

Summary

• On March 1, 2024, Rajaey Kased, President of Control Devices at Stoneridge Inc., had 528 share units vest and convert into common shares.
• These shares were granted on March 14, 2022, under the company's Long-Term Incentive Plan.
• Kased also disposed of 178 common shares at a price of $17.66 to satisfy tax obligations.
• Following these transactions, Kased directly owns 4,683 common shares and 10,419 share units, and 14,551 phantom shares.
• The remaining share units will vest if Kased remains employed on the dates specified in the grant agreements.
• The phantom shares, granted under the Long-Term Incentive Plan, are the economic equivalent of common shares and will be paid in cash if Kased is employed on June 20, 2025.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions by an executive.

Future Outlook

The remaining share units will vest if the Reporting Person remains employed on the date specified under the various grant agreements. Each Phantom Share is the economic equivalent of one Company Common Share and 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 required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It's a standard practice across publicly traded companies.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent a small portion of the overall outstanding shares.

Key Dates