Form 4: Stoneridge Inc. Executive Troy Cooprider Reports Share Unit and Phantom Share Grants

Troy Cooprider, Chief Technology Officer of Stoneridge Inc., reports the acquisition of share units and phantom shares under the company's Long-Term Incentive Plan.

Summary

• Troy Cooprider, Chief Technology Officer of Stoneridge Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of 13,765 share units on March 10, 2025, under the company's Long-Term Incentive Plan, payable in common shares if employment continues until March 1, 2028.
• Cooprider also holds 11,641 phantom shares granted under the same plan, which 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.
• Following the reported transactions, Cooprider directly owns 6,362 common shares and 19,906 share units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document is a standard regulatory filing reporting changes in beneficial ownership. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Positives

• The grant of share units and phantom shares aligns executive compensation with the long-term performance of Stoneridge Inc.
• The vesting conditions (continued employment) incentivize the executive to remain with the company.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's financial performance or future prospects, focusing instead on reporting changes in beneficial ownership by an executive.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the alignment of management's interests with those of shareholders through equity-based compensation.

Comparison to Industry Standards

• Equity-based compensation, such as share units and phantom shares, is a common practice among publicly traded companies to incentivize executives.
• Vesting schedules tied to continued employment are also standard, ensuring executives remain committed to the company's long-term success.
• Companies like Visteon, Aptiv, and Magna International, which operate in similar industries, also utilize equity-based compensation plans for their executives.

Stakeholder Impact

• Shareholders may view the equity grants as a positive sign, aligning management's interests with long-term company performance.
• Employees may see the executive compensation structure as fair and motivating.

Key Dates