Stoneridge CHRO Sells 29,103 Shares at $5.61 After Phantom Share Conversion
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Susan C. Benedict, CHRO and Assistant General Counsel of Stoneridge, reported significant insider transactions on June 20, 2025:
- Converted 29,103 Phantom Shares to common shares, which were subsequently disposed of at $5.61 per share
- Following these transactions, Benedict directly owns 13,072 common shares
- Maintains 63,811 Share Units granted under the Long-Term Incentive Plan, convertible to common shares if employment continues through various three-year grant anniversaries
The Phantom Shares were economically equivalent to common shares and settled in cash. The transactions were reported via power of attorney by Robert M. Loesch on June 24, 2025. These moves represent a significant change in the executive's equity holdings and compensation structure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Shares | 29,103 | $0.00 | $0.00 |
| Exercise | Common Shares, without par value | 29,103 | $0.00 | $0.00 |
| Disposition | Common Shares, without par value | 29,103 | $5.61 | $163K |
| holding | Share Units | -- | -- | -- |
Footnotes (2)
- F1. Each Phantom Shares was the economic equivalent of one Common Share and was paid in cash.
- F2. Share Units granted to the Reporting Person pursuant to the Company's Long-Term Incentive Plan payable on a one-for-one basis in Company common shares if the Reporting Person remains employed on the third anniversary of the various grant dates.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is Susan Benedict's position at Stoneridge (SRI)?
AI-generated analysis. How Rhea-AI works. Not financial advice.