Form 4: Stoneridge Inc. Executive Susan C. Benedict Reports Changes in Beneficial Ownership

Susan C. Benedict, CHRO and Assistant GC of Stoneridge Inc., reports acquisition of share units and phantom shares under the company's Long-Term Incentive Plan.

Summary

• On March 11, 2024, Susan C. Benedict, CHRO and Assistant GC of Stoneridge Inc., reported changes in her beneficial ownership of the company's securities.
• She acquired 10,494 share units under the company's Long-Term Incentive Plan, which are payable in common shares if she remains employed until March 1, 2027.
• She also holds 29,103 phantom shares granted under the same plan, which will be paid in cash equal to the fair market value of one common share if she remains employed until June 20, 2025.
• Following these transactions, Benedict directly owns 9,724 common shares and 24,441 share units, and 29,103 phantom shares.

Sentiment

Score: 5

Explanation: This is a neutral report on insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Positives

• The granting of share units and phantom shares to a key executive like the CHRO and Assistant GC suggests the company's commitment to incentivizing and retaining its leadership.

Future Outlook

The share units are payable in common shares if the Reporting Person remains employed on March 1, 2027, and 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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The granting of share units and phantom shares aligns the executive's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates