Quaker Chemical (KWR) VP gains RSU awards and covers taxes with shares

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.

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^*

Dassing Steven R.

(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)
	VP, Principal Acctg. Officer

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		39(1)	A	$0	196	D
Common Stock	03/15/2026		M		45	A	(2)	241	D
Common Stock	03/15/2026		M		82	A	(2)	323	D
Common Stock	03/15/2026		M		171	A	(2)	494	D
Common Stock	03/15/2026		M		4	A	(3)	498	D
Common Stock	03/15/2026		F		130(4)	D	$118.45	368	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			45	(5)	(5)	Common Stock	45	$0	45	D
Restricted Stock Units	(2)	03/15/2026		M			82	(6)	(6)	Common Stock	82	$0	82	D
Restricted Stock Units	(2)	03/15/2026		M			171	(7)	(7)	Common Stock	171	$0	342	D
Dividend Equivalent Rights	(3)	03/15/2026		M			4	(3)	03/15/2026	Common Stock	4	(3)	0	D
Restricted Stock Units	(8)	03/15/2026		A		557		(8)	(8)	Common Stock	557	$0	557	D
Restricted Stock Units	(9)	03/15/2026		A		1,266		(9)	(9)	Common Stock	1,266	$0	1,266	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, 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.

4. 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.

5. On March 15, 2024, the reporting person was granted 134 time-based RSUs, vesting in three annual installments beginning on March 15, 2025.

6. On August 15, 2024, the reporting person was granted 245 special time-based RSUs, vesting in three annual installments beginning on March 15, 2025.

7. On March 15, 2025, the reporting person was granted 513 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.

9. 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.

Remarks:

	Victoria K. Gehris, Attorney-in-Fact for Steven R. Dassing	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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.

How many Quaker Chemical (KWR) shares did Steven R. Dassing acquire through vesting and exercises?

He acquired 302 shares of Quaker Chemical common stock through the exercise and settlement of previously granted performance stock units, restricted stock units, and dividend equivalent rights that vested based on pre-set plan terms and performance metrics.

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.

Why were 130 Quaker Chemical (KWR) shares surrendered by Steven R. Dassing?

130 shares of common stock were surrendered at $118.45 per share to satisfy withholding tax obligations. These obligations arose upon full or partial vesting of restricted stock, RSUs, and PSUs that had been granted under Quaker Chemical’s Long-Term Performance Incentive Plan.

How many Quaker Chemical (KWR) shares does Steven R. Dassing hold after these transactions?

Following the reported March 15, 2026 transactions, he directly holds 368 shares of Quaker Chemical common stock. This figure reflects both the new shares acquired from vesting and exercises and the 130 shares surrendered for tax withholding obligations.

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.