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 share withholding of stock units.
Summary
- On March 1, 2024, Robert J. Hartman Jr., Chief Accounting Officer of Stoneridge Inc., had 541 share units vest as part of the company's Long-Term Incentive Plan.
- These vested units were paid out on a one-for-one basis in company common shares.
- Additionally, 182 common shares were disposed of to cover tax obligations at a price of $17.66 per share.
- Following these transactions, Hartman directly owns 33,293 common shares and 6,354 share units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative sentiment.
Industry Context
This is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the company's outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 2022-03-14 | Reporting Person was granted 3,410 Shares Units pursuant to the Company's Long-Term Incentive Plan |
| 2024-03-01 | 541 Shares Units vested and were paid on a one-for-one basis in Company Common Shares |
| 2024-03-05 | Date of signature for the report |
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