Form 4: Stoneridge Inc. Executive Reports Stock Transactions
SEC Form 4 Filing
Robert J. Hartman Jr., Chief Accounting Officer of Stoneridge Inc., reports the vesting and subsequent transactions of share units.
Summary
- On March 8, 2024, Robert J. Hartman Jr., Chief Accounting Officer of Stoneridge Inc., had 1,395 share units vest and convert into common shares.
- These share units, granted on March 8, 2021, vested under the company's Long-Term Incentive Plan.
- Hartman also disposed of 471 common shares to cover tax obligations at a price of $16.85 per share.
- Following these transactions, Hartman directly owns 34,217 common shares and 4,959 share units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by an executive, and it doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions reported in this filing may have a minor impact on shareholders, as they provide insight into executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/08/2021 | Reporting Person was granted 1,395 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 |
| 03/11/2024 | Date of signature for the Form 4 filing |
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.