Quaker Chemical (NYSE: KWR) CFO logs RSU vesting, tax share surrender and new grant
Rhea-AI Filing Summary
Quaker Chemical EVP and CFO Thomas Coler reported routine equity compensation activity involving restricted stock units (RSUs) and related common shares. On March 15, 2026, RSUs and dividend equivalent rights converted into 1,578 shares of common stock, reflecting vesting of prior awards granted under the Long-Term Performance Incentive Plan.
To cover withholding taxes on this vesting, 541 common shares were surrendered back to the company, a non-market, tax-withholding disposition. After these transactions, Coler directly held 1,478 shares of common stock. He also received a new grant of 2,870 time-based RSUs, which will vest in three annual installments beginning March 15, 2027, each RSU representing a contingent right to one share of Quaker Chemical common stock with dividend equivalent rights accruing as dividends are paid.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 666 | $0.00 | -- |
| Exercise | Restricted Stock Units | 882 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 30 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,870 | $0.00 | -- |
| Exercise | Common Stock | 666 | $0.00 | -- |
| Exercise | Common Stock | 882 | $0.00 | -- |
| Exercise | Common Stock | 30 | $0.00 | -- |
| Tax Withholding | Common Stock | 541 | $118.45 | $64K |
Footnotes (1)
- 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 June 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 the partial vesting of certain restricted stock units previously granted under the Company's Long-Term Performance Incentive Plan. On June 15, 2024, the reporting person was granted 1,999 time-based RSUs, vesting in three annual installments beginning on March 15, 2025. On March 15, 2025, the reporting person was granted 2,646 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.