Quaker Chemical (NYSE: KWR) director receives 975 RSUs and converts prior awards into shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quaker Chemical Corp director Jeffry D. Frisby reported routine equity compensation and award vesting activity. On June 1, 2026, he received a grant of 975 restricted stock units, each representing a contingent right to one share of KWR common stock, as part of 2026 compensation for non-management directors under the Long-Term Performance Incentive Plan.
On May 31, 2026, previously granted time-based restricted stock units from June 1, 2025 vested 100%. In connection with this vesting, he exercised restricted stock units and related dividend equivalent rights, converting derivative awards into a total of 1,216 shares of common stock. The dividend equivalent rights had accrued over time as cash dividends were paid on KWR common stock, with each right economically equivalent to one share.
Positive
- None.
Negative
- None.
Insights
Routine director equity awards and vesting, no open‑market trading signal.
Jeffry D. Frisby, a director of Quaker Chemical Corp, reported a standard grant of 975 restricted stock units as part of his 2026 non‑management director compensation. These awards convert into common stock on a one‑for‑one basis and vest fully on May 31, 2027.
He also exercised previously granted restricted stock units and related dividend equivalent rights, receiving 1,216 shares of common stock upon 100% vesting of a 2025 grant on May 31, 2026. All transactions are equity-based compensation and derivative exercises, with no open‑market purchases or sales reported in this filing.
Insider Trade Summary
1,216 shares exercised/converted
Mixed
5 txns
Insider
FRISBY JEFFRY D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 975 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,198 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 18 | $0.00 | -- |
| Exercise | Common Stock | 1,198 | $0.00 | -- |
| Exercise | Common Stock | 18 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 975 shares (Direct, null);
Dividend Equivalent Rights — 0 shares (Direct, null);
Common Stock — 7,280 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. 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. On June 1, 2025, the reporting person was granted time-based restricted stock units that vested 100% on May 31, 2026. 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. 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
New RSU grant: 975 restricted stock units
RSU-to-share ratio: 1 RSU : 1 share
Shares from derivative exercises: 1,216 shares
+2 more
5 metrics
New RSU grant
975 restricted stock units
Granted June 1, 2026 as 2026 non-management director compensation
RSU-to-share ratio
1 RSU : 1 share
Restricted stock units convert into common stock on a one-for-one basis
Shares from derivative exercises
1,216 shares
Common stock received from vested restricted stock units and dividend equivalent rights on May 31, 2026
Dividend equivalent rights exercised
18 rights
Dividend equivalent rights settled into common shares upon RSU vesting
Previously vested RSUs
1,198 restricted stock units
Time-based RSUs granted June 1, 2025 that vested 100% on May 31, 2026
Key Terms
Restricted Stock Units, Dividend Equivalent Rights, Long-Term Performance Incentive Plan, time-based restricted stock units
4 terms
Restricted Stock Units financial
"Restricted stock units convert into common stock on a one-for-one basis."
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
"Settlement of dividend equivalent rights in connection with vesting of restricted stock unit."
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 Quaker Houghton's non-management directors."
time-based restricted stock units financial
"On June 1, 2025, the reporting person was granted time-based restricted stock units that vested 100% on May 31, 2026."
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
FAQ
What insider transactions did KWR director Jeffry D. Frisby report on this Form 4?
He reported a grant of 975 restricted stock units on June 1, 2026 and the vesting and exercise of earlier restricted stock units and related dividend equivalent rights on May 31, 2026, converting derivative awards into 1,216 shares of Quaker Chemical common stock.
Were there any open-market stock purchases or sales by Jeffry D. Frisby in KWR?
No open-market purchases or sales were reported. All transactions involve equity compensation: a new grant of restricted stock units and the exercise of previously granted restricted stock units and dividend equivalent rights, which converted into shares of Quaker Chemical common stock at no cash exercise price.
What is the size and vesting schedule of Jeffry D. Frisby’s new KWR restricted stock unit grant?
He received 975 restricted stock units as part of 2026 compensation for non-management directors. Each unit represents a contingent right to one share of KWR common stock and vests 100% on May 31, 2027, subject to the terms of Quaker Houghton’s Long-Term Performance Incentive Plan.
What are dividend equivalent rights in the context of KWR’s director compensation?
Dividend equivalent rights accrue on restricted stock units when Quaker Chemical pays dividends on its common stock. Each right is the economic equivalent of one common share, and upon vesting of the underlying units, these rights are settled into additional shares alongside the vested restricted stock units.