Form 4: Stoneridge Inc. Executive Susan C. Benedict Reports Share Transactions
SEC Form 4 Filing
Susan C. Benedict, CHRO and Assistant GC of Stoneridge Inc., reports the acquisition and disposal of common shares and share units on March 3, 2025, according to a Form 4 filing.
Summary
- On March 3, 2025, Susan C. Benedict, CHRO and Assistant GC of Stoneridge Inc., reported transactions involving the company's common shares.
- She acquired 6,551 common shares upon the vesting of share units granted under the company's Long-Term Incentive Plan.
- She also disposed of 3,203 common shares to cover tax obligations at a price of $5.47 per share.
- Following these transactions, Benedict directly owns 13,072 common shares and 17,890 share units.
- She also holds 29,103 phantom shares that will be paid in cash if she remains employed on June 20, 2025.
Sentiment
Score: 5
Explanation: The document is a neutral report of share transactions, with no inherent positive or negative sentiment.
Future Outlook
The document outlines future cash payments related to phantom shares contingent on continued employment through June 20, 2025.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company executives. It is standard practice for publicly traded companies to report such transactions to the SEC.
Comparison to Industry Standards
- Form 4 filings are a standard requirement for company insiders in the US, ensuring transparency in line with SEC regulations.
- The reporting of share unit vesting and subsequent sale for tax obligations is a common practice among executives at publicly traded companies.
- Companies like Texas Instruments and Intel also have similar reporting requirements for their executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The vesting of share units and payment of phantom shares impact the executive's compensation.
Key Dates
| Date | Description |
|---|---|
| 03/14/2022 | 6,551 Share Units granted to the Reporting Person pursuant to the Company's Long-Term Incentive Plan |
| 03/03/2025 | Date of share transactions: acquisition of 6,551 shares and disposal of 3,203 shares. |
| 03/05/2025 | Date of signature on the report. |
| 06/20/2025 | Date when phantom shares will be paid in cash if the Reporting Person remains employed. |
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