Quaker Chemical (NYSE: KWR) SVP reports RSU vesting, new grants and tax share surrender

Rhea-AI Filing Summary

Quaker Chemical senior vice president Renato Carvalho reported routine equity compensation activity and related tax withholding. On March 15, 2026, he acquired a total of 264 shares of Common Stock upon vesting and settlement of previously granted Restricted Stock Units (RSUs) and Dividend Equivalent Rights tied to Performance Stock Units awarded on March 15, 2023.

He also received a new grant of 844 time-based RSUs, each representing a contingent right to one share of Quaker Chemical common stock with associated dividend equivalent rights. In addition, he was granted 63 shares of Common Stock as a separate award.

To satisfy withholding tax obligations upon partial vesting of certain RSUs and PSUs under the company’s Long-Term Performance Incentive Plan, 126 shares of Common Stock were surrendered at a price of $118.45 per share. Following these transactions, Carvalho directly holds 855 shares of Common Stock, and the derivativeSummary indicates no remaining derivative positions reported in this filing.

Insider Trade Summary

264 shares exercised/converted

Mixed 9 txns

Insider Carvalho Renato

Role SVP, Reg Comm Lead-Americas

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	53	$0.00	--
Exercise	Restricted Stock Units	207	$0.00	--
Exercise	Dividend Equivalent Rights	4	$0.00	--
Grant/Award	Restricted Stock Units	844	$0.00	--
Grant/Award	Common Stock	63	$0.00	--
Exercise	Common Stock	53	$0.00	--
Exercise	Common Stock	207	$0.00	--
Exercise	Common Stock	4	$0.00	--
Tax Withholding	Common Stock	126	$118.45	$15K

Holdings After Transaction: Restricted Stock Units — 53 shares (Direct); Dividend Equivalent Rights — 0 shares (Direct); Common Stock — 717 shares (Direct)

Footnotes (1)

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 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 grant 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 obligations upon partial vesting of certain RSUs and PSUs previously granted under the Company's Long-Term Performance Incentive Plan. On March 15, 2024, the reporting person was granted 158 time-based RSUs, vesting in three annual installments beginning on March 15, 2025. On March 15, 2025, the reporting person was granted 622 time-based RSUs, vesting in three annual 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.

Form 4 Insider Transactions: What Each Field Means →

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

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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^*

Carvalho Renato

(Last) (First) (Middle)

901 E. HECTOR STREET

(Street)

CONSHOHOCKEN PA 19428-2380

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Reg Comm Lead-Americas

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/15/2026		A		63(1)	A	$0	717	D
Common Stock	03/15/2026		M		53	A	(2)	770	D
Common Stock	03/15/2026		M		207	A	(2)	977	D
Common Stock	03/15/2026		M		4	A	(3)	981	D
Common Stock	03/15/2026		F		126(4)	D	$118.45	855	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	03/15/2026		M			53	(5)	(5)	Common Stock	53	$0	53	D
Restricted Stock Units	(2)	03/15/2026		M			207	(6)	(6)	Common Stock	207	$0	415	D
Dividend Equivalent Rights	(3)	03/15/2026		M			4	(3)	03/15/2026	Common Stock	4	(3)	0	D
Restricted Stock Units	(7)	03/15/2026		A		844		(7)	(7)	Common Stock	844	$0	844	D

Explanation of Responses:

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.

2. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.

3. Dividend equivalent rights (DERs) accrued on reporting person's RSUs granted on March 15, 2024 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 grant 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.

4. Shares surrendered by reporting person to satisfy withholding tax obligations upon partial vesting of certain RSUs and PSUs previously granted under the Company's Long-Term Performance Incentive Plan.

5. On March 15, 2024, the reporting person was granted 158 time-based RSUs, vesting in three annual installments beginning on March 15, 2025.

6. On March 15, 2025, the reporting person was granted 622 time-based RSUs, vesting in three annual installments beginning on March 15, 2026.

7. 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.

Remarks:

	Victoria K. Gehris, Attorney-in-Fact for Renato Carvalho	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did KWR executive Renato Carvalho report on March 15, 2026?

Renato Carvalho reported equity compensation activity on March 15, 2026, including vested awards and tax withholding. He acquired 264 common shares from RSUs and dividend equivalents, received new RSU and stock grants, and surrendered 126 shares to cover withholding taxes under Quaker Chemical’s incentive plan.

How many Quaker Chemical (KWR) shares did Renato Carvalho acquire through vesting and conversions?

Carvalho acquired 264 shares of Quaker Chemical common stock through vesting and conversion of Restricted Stock Units and Dividend Equivalent Rights. These arose from prior performance-based and time-based awards, including Performance Stock Units granted in March 2023 and RSUs with associated dividend equivalents accrued as dividends were paid.

What new Restricted Stock Unit grants did KWR’s Renato Carvalho receive?

Carvalho received a new grant of 844 time-based Restricted Stock Units, each convertible into one Quaker Chemical common share. Footnotes indicate earlier RSU grants of 158 units in March 2024 and 622 units in March 2025, all vesting in three annual installments under the Long-Term Performance Incentive Plan.

Why were 126 Quaker Chemical (KWR) shares surrendered by Renato Carvalho?

Carvalho surrendered 126 shares of Quaker Chemical common stock at $118.45 per share to satisfy withholding tax obligations. The tax withholding related to partial vesting of certain RSUs and PSUs previously granted under the company’s Long-Term Performance Incentive Plan, rather than representing an open-market sale.

How many Quaker Chemical (KWR) shares does Renato Carvalho hold after these transactions?

After the reported transactions, Carvalho directly holds 855 shares of Quaker Chemical common stock. This balance reflects vested stock from RSUs and dividend rights, new stock awards, and the surrender of 126 shares for tax withholding, with no remaining derivative positions listed in this filing.

What do the Dividend Equivalent Rights in the KWR filing represent for Renato Carvalho?

The Dividend Equivalent Rights represent amounts accrued on Carvalho’s RSUs when Quaker Chemical paid dividends. On settlement, these rights converted into four common shares, economically mirroring dividend payments he would have received if he had directly held the underlying stock during the accrual period.