Stoneridge (SRI) CHRO exercises 7,396 share units, with tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stoneridge Inc. officer Susan C. Benedict, CHRO and Assistant General Counsel, reported equity award activity. On March 2, 2026, she exercised 7,396 Share Units from a March 13, 2023 grant, receiving the same number of common shares at a stated price of $0.00 per share.
To cover tax obligations tied to this vesting, 3,224 common shares were disposed of at $7.69 per share through a tax-withholding transaction rather than an open‑market sale. After these transactions, she directly held 17,244 common shares and 56,415 Share Units. She also held 45,029 Phantom Shares, which are cash‑settled awards economically equivalent to common shares and scheduled to vest on January 31, 2027 if she remains employed.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,396 shares exercised/converted
Mixed
4 txns
Insider
Benedict Susan C.
Role
CHRO and Assistant GC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Share Units | 7,396 | $0.00 | -- |
| Exercise | Common Shares, without par value | 7,396 | $0.00 | -- |
| Tax Withholding | Common Shares, without par value | 3,224 | $7.69 | $25K |
| holding | Phantom Shares | -- | -- | -- |
Holdings After Transaction:
Share Units — 56,415 shares (Direct);
Common Shares, without par value — 20,468 shares (Direct);
Phantom Shares — 45,029 shares (Direct)
Footnotes (1)
- On March 13, 2023 the Reporting Person was granted 7,396 Share Units pursuant to the Company's Long-Term Incentive Plan which were paid on a one-for-one basis in Company common shares on March 2, 2026. Phantom Shares granted to the Reporting Person pursuant to the Company's Long-Term Incentive Plan. Each Phantom Share is the economic equivalent of one Company Common Share and will be paid in cash equal to the fair market value of one Company Common Share on the vesting date of January 31, 2027 if the Reporting Person remains employed on that date.
FAQ
What insider transactions did Stoneridge (SRI) officer Susan C. Benedict report?
Susan C. Benedict reported exercising 7,396 Share Units into common shares and a related tax‑withholding disposition of 3,224 common shares at $7.69 per share. These transactions reflect the vesting and settlement of long‑term incentive awards rather than open‑market buying or selling.
Were Susan C. Benedict’s Stoneridge (SRI) transactions open‑market stock sales?
The filing describes a tax‑withholding disposition of 3,224 common shares at $7.69 per share, not an open‑market sale. Shares were withheld to satisfy tax obligations arising from the exercise of previously granted Share Units under Stoneridge’s Long‑Term Incentive Plan.