Quaker Chemical (NYSE: KWR) SVP reports equity vesting, RSU grant and tax withholding
Rhea-AI Filing Summary
Quaker Chemical senior vice president Miguel Moreno Hernandez reported routine equity compensation activity involving restricted stock units, performance stock units, and related dividend equivalents. On March 15, 2026, he received grants of 759 restricted stock units and 120 shares of common stock, both at no cash cost to him. Previously awarded restricted stock units, performance stock units, and dividend equivalent rights were exercised or settled into 363 shares of common stock. To cover withholding taxes on these vestings, 241 shares of common stock were surrendered at $118.45 per share. After all transactions, he directly holds 2,184 shares of Quaker Chemical common stock, with no remaining derivative awards shown in this filing. All movements reflect compensation vesting and tax withholding, not open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 100 | $0.00 | -- |
| Exercise | Restricted Stock Units | 90 | $0.00 | -- |
| Exercise | Restricted Stock Units | 166 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 7 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 759 | $0.00 | -- |
| Grant/Award | Common Stock | 120 | $0.00 | -- |
| Exercise | Common Stock | 100 | $0.00 | -- |
| Exercise | Common Stock | 90 | $0.00 | -- |
| Exercise | Common Stock | 166 | $0.00 | -- |
| Exercise | Common Stock | 7 | $0.00 | -- |
| Tax Withholding | Common Stock | 241 | $118.45 | $29K |
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, 2023, 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 third installment of the 2023 RSU grant, 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 obligation upon the full or partial vesting of certain PSUs and RSUs previously granted under the Company's Long-Term Performance Incentive Plan. On March 15, 2023, the reporting person was granted 299 time-based RSUs, vesting in three annual installments beginning on March 15, 2024. On March 15, 2024, the reporting person was granted 269 time-based RSUs, vesting in three annual installments beginning on March 15, 2025. On March 15, 2025, the reporting person was granted 498 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.