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Stoneridge Executive Benedict Cashes Out $163K in Phantom Share Program

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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.

Positive

  • None.

Negative

  • None.
Insider Benedict Susan C.
Role CHRO and Assistant GC
Type Security Shares Price Value
Exercise Phantom Shares 29,103 $0.00 --
Exercise Common Shares, without par value 29,103 $0.00 --
Disposition Common Shares, without par value 29,103 $5.61 $163K
holding Share Units -- -- --
Holdings After Transaction: Phantom Shares — 0 shares (Direct); Common Shares, without par value — 42,175 shares (Direct); Share Units — 63,811 shares (Direct)
Footnotes (1)
  1. Each Phantom Shares was the economic equivalent of one Common Share and was paid in cash. 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.
Form 4 Insider Transactions: What Each Field Means →
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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Benedict Susan C.
(Last) (First) (Middle)
C/O STONERIDGE, INC.
39675 MACKENZIE DRIVE, SUITE 400
(Street)
NOVI MI 48377
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
STONERIDGE INC [ SRI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CHRO and Assistant GC
3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025
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 Shares, without par value 06/20/2025 M 29,103 A (1) 42,175 D
Common Shares, without par value 06/20/2025 D 29,103 D $5.61 13,072 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
Phantom Shares (1) 06/20/2025 M 29,103 06/20/2025 06/20/2025 Common Shares, without par value 29,103 (1) 0 D
Share Units (2) (2) (2) Common Shares, without par value 63,811 63,811 D
Explanation of Responses:
1. Each Phantom Shares was the economic equivalent of one Common Share and was paid in cash.
2. 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.
Remarks:
/s/ Robert M. Loesch, by power of attorney 06/24/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many SRI shares did Susan Benedict sell on June 20, 2025?

Susan Benedict, CHRO and Assistant GC of Stoneridge (SRI), disposed of 29,103 common shares at a price of $5.61 per share on June 20, 2025.

What is Susan Benedict's position at Stoneridge (SRI)?

Susan Benedict serves as the CHRO (Chief Human Resources Officer) and Assistant General Counsel at Stoneridge, Inc.

How many SRI share units does Susan Benedict still own after the June 20, 2025 transaction?

Following the reported transactions, Susan Benedict owns 63,811 share units granted under the Company's Long-Term Incentive Plan, plus 13,072 direct common shares.

What was the nature of the phantom shares transaction for SRI's executive on June 20, 2025?

The transaction involved the conversion of 29,103 phantom shares, where each phantom share was the economic equivalent of one common share and was paid in cash. The phantom shares were exercised and expired on June 20, 2025.

What are the vesting conditions for Susan Benedict's remaining SRI share units?

The share units were granted under the Company's Long-Term Incentive Plan and are payable on a one-for-one basis in Company common shares if Benedict remains employed on the third anniversary of the various grant dates.