Form 4: Stoneridge Inc. Executive Reports Stock Transactions
SEC Form 4 Filing
Caetano Roberto Ferraiolo, President of Stoneridge Brazil, reports the vesting and conversion of share units into common shares, along with a disposition of shares to cover tax obligations.
Summary
- On March 1, 2024, Caetano Roberto Ferraiolo, President of Stoneridge Brazil, reported transactions involving Stoneridge Inc. common shares.
- Ferraiolo vested 1,000 share units, which were then converted into 1,000 common shares.
- Additionally, 263 common shares were disposed of to satisfy tax obligations at a price of $17.66 per share.
- Following these transactions, Ferraiolo directly owns 1,024 common shares and 16,374 share units.
- Ferraiolo also holds 14,551 phantom shares that will be paid in cash if he remains employed on June 20, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The remaining share units will vest if the Reporting Person remains employed on the dates specified under the grant agreements. The 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 filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- Shareholders are informed about the stock transactions of a key executive, providing transparency into insider activity.
Key Dates
| Date | Description |
|---|---|
| 03/14/2022 | Reporting Person was granted 4,312 Share Units pursuant to the Company's Long-Term Incentive Plan |
| 03/01/2024 | Vesting of 1,000 share units and disposition of 263 common shares. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
| 06/20/2025 | Date when phantom shares will be paid in cash if the Reporting Person remains employed. |
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