Quaker Chemical (KWR) VP gains RSU awards and covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quaker Chemical vice president and Principal Accounting Officer Steven R. Dassing reported routine stock-based compensation activity. On March 15, 2026, previously granted performance and restricted stock units, plus dividend equivalent rights, were exercised into 302 shares of common stock at a stated price of $0.00 per share.
On the same date, he received new awards of 1,823 restricted stock units and 39 shares of common stock. To cover withholding taxes on these vestings, 130 shares were surrendered at $118.45 per share. After these transactions, he directly holds 368 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
302 shares exercised/converted
Mixed
12 txns
Insider
Dassing Steven R.
Role
VP, Principal Acctg. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 45 | $0.00 | -- |
| Exercise | Restricted Stock Units | 82 | $0.00 | -- |
| Exercise | Restricted Stock Units | 171 | $0.00 | -- |
| Exercise | Dividend Equivalent Rights | 4 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 557 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,266 | $0.00 | -- |
| Grant/Award | Common Stock | 39 | $0.00 | -- |
| Exercise | Common Stock | 45 | $0.00 | -- |
| Exercise | Common Stock | 82 | $0.00 | -- |
| Exercise | Common Stock | 171 | $0.00 | -- |
| Exercise | Common Stock | 4 | $0.00 | -- |
| Tax Withholding | Common Stock | 130 | $118.45 | $15K |
Holdings After Transaction:
Restricted Stock Units — 45 shares (Direct);
Dividend Equivalent Rights — 0 shares (Direct);
Common Stock — 196 shares (Direct)
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, 2024, August 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 grants 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 full or partial vesting of restricted stock, RSUs and PSUs previously granted under the Company's Long-Term Performance Incentive Plan. On March 15, 2024, the reporting person was granted 134 time-based RSUs, vesting in three annual installments beginning on March 15, 2025. On August 15, 2024, the reporting person was granted 245 special time-based RSUs, vesting in three annual installments beginning on March 15, 2025. On March 15, 2025, the reporting person was granted 513 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. Special time-based RSUs granted under the Company's Long-Term Performance Incentive Plan, which will vest in two 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.
FAQ
What did Quaker Chemical (KWR) executive Steven R. Dassing report in this Form 4?
He reported routine equity compensation activity, including vested performance and restricted stock units converting into 302 common shares, new grants of 1,823 RSUs and 39 common shares, and 130 shares surrendered to cover tax withholding obligations.
What new equity awards did Steven R. Dassing receive from Quaker Chemical (KWR)?
He received new grants totaling 1,823 restricted stock units and 39 shares of common stock. These time-based RSUs were granted under the company’s Long-Term Performance Incentive Plan and are scheduled to vest in future annual installments beginning on specified March dates.
How do dividend equivalent rights affect Steven R. Dassing’s Quaker Chemical (KWR) holdings?
Dividend equivalent rights accrued on his RSUs when Quaker Chemical paid dividends. Each right was the economic equivalent of one common share and was settled into 4 shares of common stock in connection with specified RSU vesting installments reported in this Form 4.