Quaker Chemical director receives stock and RSUs

BAKHSHI NANDITA reported acquisition or exercise transactions in this Form 4 filing.

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Rhea-AI Filing Summary

BAKHSHI NANDITA reported acquisition or exercise transactions in this Form 4 filing.

Quaker Chemical Corp director Nandita Bakhshi received equity compensation in the form of common shares and restricted stock units. On June 1, 2026, she was granted 413 shares of common stock at $145.24 per share, representing 75% of her annual director retainer paid in stock.

She was also granted 975 restricted stock units (RSUs) as part of 2026 compensation, each representing one future share of common stock and accruing dividend equivalent rights, vesting 100% on May 31, 2027. On May 31, 2026, previously granted RSUs and related dividend equivalent rights totaling 1,216 shares of common stock vested and were settled, leaving her with 3,059 common shares held directly and 975 RSUs outstanding.

Insider Trade Summary

1,216 shares exercised/converted

Exercise 6 txns

Insider BAKHSHI NANDITA

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	975	$0.00	$0.00
Grant/Award	Common Stock	413	$145.24	$60K
Exercise	Restricted Stock Units	1,198	$0.00	$0.00
Exercise	Dividend Equivalent Rights	18	$0.00	$0.00
Exercise	Common Stock	1,198	$0.00	$0.00
Exercise	Common Stock	18	$0.00	$0.00

Holdings After Transaction: Dividend Equivalent Rights — 0 contracts (Direct); Restricted Stock Units — 975 contracts (Direct); Common Stock — 3,059 shares (Direct)

Footnotes (6)

F1. Restricted stock units convert into common stock on a one-for-one basis.
F2. Settlement of dividend equivalent rights in connection with vesting of restricted stock unit. The rights accrued when and as dividends were paid on KWR common stock. Each dividend equivalent right was the economic equivalent of one share of KWR common stock.
F3. Reflects 75% of the Director's annual retainer paid in shares pursuant to the 2023 Director Stock Ownership Plan.
F4. On June 1, 2025, the reporting person was granted time-based restricted stock units that vested 100% on May 31, 2026.
F5. Time-based restricted stock units granted under the Company's Long-Term Performance Incentive Plan to Quaker Houghton's non-management directors as part of their 2026 compensation. Each restricted stock unit represents a contingent right to receive one share of KWR common stock.
F6. The restricted stock units vest 100% on May 31, 2027. Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid on KWR's common stock.

Key Figures

Common stock grant: 413 shares Grant price per share: $145.24 per share New RSU grant: 975 RSUs +3 more

6 metrics

Common stock grant 413 shares Director retainer paid in shares on June 1, 2026

Grant price per share $145.24 per share Common stock grant on June 1, 2026

New RSU grant 975 RSUs 2026 compensation, vesting May 31, 2027

Shares from vested awards 1,216 shares Settlement of RSUs and dividend equivalent rights on May 31, 2026

Shares held after transactions 3,059 shares Common stock directly owned following reported transactions

RSUs outstanding 975 RSUs Time-based restricted stock units unvested after transactions

Key Terms

Restricted stock units, Dividend equivalent rights, Long-Term Performance Incentive Plan, Director Stock Ownership Plan

4 terms

Restricted stock units financial

"On June 1, 2026, she was granted 975 restricted stock units as part of 2026 compensation."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Dividend equivalent rights financial

"Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid."

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

Long-Term Performance Incentive Plan financial

"Time-based restricted stock units granted under the Company's Long-Term Performance Incentive Plan to non-management directors."

Director Stock Ownership Plan financial

"Reflects 75% of the Director's annual retainer paid in shares pursuant to the 2023 Director Stock Ownership Plan."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity awards did Nandita Bakhshi report in Quaker Chemical (KWR) Form 4?

She reported a grant of 413 shares of common stock and 975 restricted stock units. These awards are part of her director compensation and increase her equity exposure to Quaker Chemical Corp through both immediate shares and future stock rights.

How many Quaker Chemical (KWR) shares does Nandita Bakhshi hold after these transactions?

After these transactions, she holds 3,059 shares of Quaker Chemical common stock directly. In addition, she holds 975 restricted stock units that can convert one-for-one into common shares upon vesting, further increasing her potential future ownership stake.

What is the vesting schedule for Nandita Bakhshi’s new Quaker Chemical (KWR) RSUs?

The 975 restricted stock units granted as part of her 2026 compensation vest 100% on May 31, 2027. Upon vesting, each unit converts into one share of Quaker Chemical common stock, subject to standard plan terms and dividend equivalent accruals.

What happened to Nandita Bakhshi’s prior Quaker Chemical (KWR) RSUs on May 31, 2026?

On May 31, 2026, time-based restricted stock units granted on June 1, 2025 vested 100%. A total of 1,216 shares of common stock were issued upon settlement, including 1,198 RSUs and 18 dividend equivalent rights tied to dividends on KWR stock.

How is Nandita Bakhshi’s director retainer paid at Quaker Chemical (KWR)?

Seventy-five percent of her annual director retainer is paid in Quaker Chemical common shares. In this filing, that portion equates to 413 shares granted on June 1, 2026, delivered under the 2023 Director Stock Ownership Plan as part of her board compensation.

What are dividend equivalent rights mentioned in the Quaker Chemical (KWR) Form 4?

Dividend equivalent rights give economic value equal to dividends on Quaker Chemical common stock for unvested RSUs. When RSUs vest, these rights are settled in additional shares, as shown by 18 common shares issued upon settlement of dividend equivalent rights in this filing.

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Accepted by SEC EDGAR 06/02/2026 - 04:28 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BAKHSHI NANDITA

(Last)

(First)

(Middle)

901 E. HECTOR STREET

(Street)

CONSHOHOCKEN

PENNSYLVANIA

19428-2380

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
QUAKER CHEMICAL CORP [ KWR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/31/2026		M		1,198	A	⁽¹⁾	2,628	D
Common Stock	05/31/2026		M		18	A	⁽²⁾	2,646	D
Common Stock	06/01/2026		A		413⁽³⁾	A	$145.24	3,059	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	05/31/2026		M			1,198	⁽⁴⁾	⁽⁴⁾	Common Stock	1,198	$0	0	D
Dividend Equivalent Rights	⁽²⁾	05/31/2026		M			18	⁽²⁾	05/31/2026	Common Stock	18	⁽²⁾	0	D
Restricted Stock Units	⁽⁵⁾	06/01/2026		A		975⁽⁶⁾		⁽⁶⁾	⁽⁶⁾	Common Stock	975	$0	975	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. Settlement of dividend equivalent rights in connection with vesting of restricted stock unit. The rights accrued when and as dividends were paid on KWR common stock. Each dividend equivalent right was the economic equivalent of one share of KWR common stock.

3. Reflects 75% of the Director's annual retainer paid in shares pursuant to the 2023 Director Stock Ownership Plan.

4. On June 1, 2025, the reporting person was granted time-based restricted stock units that vested 100% on May 31, 2026.

5. Time-based restricted stock units granted under the Company's Long-Term Performance Incentive Plan to Quaker Houghton's non-management directors as part of their 2026 compensation. Each restricted stock unit represents a contingent right to receive one share of KWR common stock.

6. The restricted stock units vest 100% on May 31, 2027. Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid on KWR's common stock.

Remarks:

	Victoria K. Gehris, Attorney-in-Fact for Nandita Bakhshi	06/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR