Quaker Chemical (NYSE: KWR) EVP gains shares via RSUs and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quaker Chemical EVP Jeewat Bijlani increased his equity stake through vesting awards and related tax withholding. On March 15, 2026, he acquired 1,568 shares of common stock through the exercise and settlement of restricted stock units and dividend equivalent rights, all at a stated price of $0.00 per share.
He also received 2,195 new time-based restricted stock units as a compensation grant and 1,297 shares of common stock, both at no cash cost to him. To cover withholding taxes on vested performance and restricted stock awards, 923 shares of common stock were surrendered at $118.45 per share. After these transactions, he directly holds 6,748 shares of common stock, plus 61 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,568 shares exercised/converted
Mixed
12 txns
Insider
Bijlani Jeewat
Role
EVP, Glob. Spec. & CGO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 433 | $0.00 | -- |
| Exercise | Restricted Stock Units | 429 | $0.00 | -- |
| Exercise | Restricted Stock Units | 674 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 32 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,195 | $0.00 | -- |
| Grant/Award | Common Stock | 1,297 | $0.00 | -- |
| Exercise | Common Stock | 433 | $0.00 | -- |
| Exercise | Common Stock | 429 | $0.00 | -- |
| Exercise | Common Stock | 674 | $0.00 | -- |
| Exercise | Common Stock | 32 | $0.00 | -- |
| Tax Withholding | Common Stock | 923 | $118.45 | $109K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 433 shares (Direct);
Dividend Equivalent Rights — 0 shares (Direct);
Common Stock — 6,103 shares (Direct);
Common Stock — 61 shares (Indirect, By 401(k))
Footnotes (1)
- Shares earned upon vesting and settlement of Performance Stock Units (PSUs) awarded on March 15, 2023, upon certification of performance results by the Compensation and Human Resources Committee based on achievement of the adjusted return on invested capital (ROIC) metric, during the three year performance period. Restricted stock units (RSUs) convert into common stock on a one-for-one basis. Dividend equivalent rights (DERs) accrued on reporting person's RSUs granted on March 15, 2024 (two grants) and March 15, 2025. The rights accrued when and as dividends were paid on KWR common stock. This Form 4 reports the settlement of DERs in connection with the second installment of the 2024 RSU grants and the first installment of the 2025 RSU grant, each vesting on March 15, 2026. Each DER was the economic equivalent of one share of KWR common stock. Shares surrendered by reporting person to satisfy withholding tax obligation upon the full or partial vesting of restricted stock, PSUs, and RSUs previously granted under the Company's Long-Term Performance Incentive Plan. Information based on reporting person's Plan Statement as of December 31, 2025. On March 15, 2024, the reporting person was granted 1,298 time-based RSUs and 1,286 special time-based RSUs, with both vesting in three annual installments beginning on March 15, 2025. On March 15, 2025, the reporting person was granted 2,023 time-based RSUs, vesting in three equal installments beginning on March 15, 2026. Time-based RSUs granted under the Company's Long-Term Performance Incentive Plan, which will vest in three annual installments beginning on March 15, 2027. Each RSU represents a contingent right to receive one share of KWR common stock and DERs accrue with respect to these RSUs when and as dividends are paid on KWR common stock.
FAQ
What equity awards did Quaker Chemical (KWR) EVP Jeewat Bijlani receive?
Jeewat Bijlani received 2,195 new time-based restricted stock units and 1,297 shares of Quaker Chemical common stock at no cash cost, reflecting routine long-term incentive compensation under the company’s performance and time-based equity programs.
How were dividend equivalent rights used in Jeewat Bijlani’s Quaker Chemical (KWR) awards?
Dividend equivalent rights accrued on Bijlani’s restricted stock units granted in 2024 and 2025 and were settled into 32 shares of Quaker Chemical common stock when related RSU installments vested, with each right being economically equivalent to one share of common stock.
What performance metric affected Jeewat Bijlani’s Quaker Chemical (KWR) PSU vesting?
Performance stock units awarded on March 15, 2023 vested based on adjusted return on invested capital (ROIC) over a three-year performance period, with results certified by Quaker Chemical’s Compensation and Human Resources Committee before shares were delivered.