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.

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

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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^*

Moreno Hernandez Miguel

(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-EMEA

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		120(1)	A	$0	2,062	D
Common Stock	03/15/2026		M		100	A	(2)	2,162	D
Common Stock	03/15/2026		M		90	A	(2)	2,252	D
Common Stock	03/15/2026		M		166	A	(2)	2,418	D
Common Stock	03/15/2026		M		7	A	(3)	2,425	D
Common Stock	03/15/2026		F		241(4)	D	$118.45	2,184	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			100	(5)	(5)	Common Stock	100	$0	0	D
Restricted Stock Units	(2)	03/15/2026		M			90	(6)	(6)	Common Stock	90	$0	90	D
Restricted Stock Units	(2)	03/15/2026		M			166	(7)	(7)	Common Stock	166	$0	332	D
Dividend Equivalent Rights	(3)	03/15/2026		M			7	(3)	03/15/2026	Common Stock	7	(3)	0	D
Restricted Stock Units	(8)	03/15/2026		A		759		(8)	(8)	Common Stock	759	$0	759	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, 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.

4. 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.

5. On March 15, 2023, the reporting person was granted 299 time-based RSUs, vesting in three annual installments beginning on March 15, 2024.

6. On March 15, 2024, the reporting person was granted 269 time-based RSUs, vesting in three annual installments beginning on March 15, 2025.

7. On March 15, 2025, the reporting person was granted 498 time-based RSUs, vesting in three annual installments beginning on March 15, 2026.

8. 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 Miguel Moreno Hernandez	03/17/2026
	** Signature of Reporting Person	Date
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FAQ

What did Quaker Chemical (KWR) executive Miguel Moreno Hernandez report in this Form 4?

He reported routine equity compensation activity, including vesting of restricted and performance stock units, settlement of dividend equivalents into common shares, a new grant of 759 restricted stock units, a grant of 120 common shares, and related tax-withholding share surrenders.

Did Miguel Moreno Hernandez buy or sell Quaker Chemical (KWR) shares on the open market?

No open-market purchases or sales were reported. All transactions involved equity awards vesting, conversion of restricted and performance units, settlement of dividend equivalents, and shares surrendered to satisfy tax obligations, which are compensation-related rather than discretionary market trades.

How many Quaker Chemical (KWR) shares did Miguel Moreno Hernandez acquire through award vesting?

Through exercises and conversions on March 15, 2026, he received 363 shares of common stock from restricted stock units, performance stock units, and dividend equivalent rights, plus a separate grant of 120 common shares directly, all at a stated price of zero per share.

How many Quaker Chemical (KWR) shares were withheld for taxes in this filing?

A total of 241 shares of common stock were surrendered to satisfy withholding tax obligations, at a reference price of $118.45 per share, tied to the vesting of previously granted performance stock units and restricted stock units under the company’s long-term incentive plan.

What is Miguel Moreno Hernandez’s Quaker Chemical (KWR) shareholding after these transactions?

After all March 15, 2026 transactions, he directly owns 2,184 shares of Quaker Chemical common stock. The derivative summary in the filing shows no remaining restricted stock units or similar derivative awards outstanding following the reported vesting and settlement activity.

What new restricted stock unit awards did Miguel Moreno Hernandez receive from Quaker Chemical (KWR)?

He received a new grant of 759 time-based restricted stock units, each representing a contingent right to one share of Quaker Chemical common stock, with dividend equivalent rights accruing when dividends are paid, and future vesting in installments as described in the company’s long-term incentive plan.