Form 4: Stoneridge Inc. Executive Troy Cooprider Reports Share Transactions

Troy Cooprider, Chief Technology Officer of Stoneridge Inc., reports the acquisition and disposal of common shares and share units, along with holdings of phantom shares, as per Section 16(a) of the Securities Exchange Act of 1934.

Summary

• Troy Cooprider, a Chief Technology Officer at Stoneridge Inc., filed a Form 4 detailing changes in beneficial ownership.
• On March 3, 2025, Cooprider acquired 1,193 common shares through the vesting of share units at a price of $0.
• On the same day, Cooprider disposed of 404 common shares to cover tax obligations at a price of $5.47.
• Following these transactions, Cooprider directly owns 6,362 common shares.
• Cooprider also holds 6,141 share units and 11,641 phantom shares, which are payable in cash upon continued employment until June 20, 2025.
• A power of attorney was executed on March 7, 2024, granting Robert M. Loesch, Glenn Morrical, and Susan C. Benedict the authority to file Form ID and Forms 3, 4, and 5 on Cooprider's behalf.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment as it primarily reports routine transactions. There are no indications of significant positive or negative events.

Positives

• The vesting of share units indicates a form of compensation and alignment with the company's long-term performance.

Negatives

• The disposal of shares to cover tax obligations reduces Cooprider's direct ownership in the company.

Risks

• The value of phantom shares is contingent on Cooprider's continued employment with the company until June 20, 2025.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance. The payout of phantom shares is contingent on continued employment until June 20, 2025.

Industry Context

Form 4 filings are a routine part of compliance for company insiders and provide transparency into their transactions in the company's stock. This filing is specific to an individual officer's transactions and doesn't necessarily reflect broader industry trends.

Comparison to Industry Standards

• Executive compensation packages often include share units and phantom shares as part of long-term incentive plans, aligning executive interests with shareholder value.
• The vesting and disposal of shares for tax obligations are standard practices among publicly traded companies.
• Comparing Cooprider's holdings and transactions to those of executives at similar technology companies (e.g., executives at Garmin, Trimble, or Teledyne Technologies) would provide a benchmark for assessing the scale of his equity compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely minimal.

Key Dates