Stoneridge CTO Converts $65K in Phantom Shares, Retains Future Stock Units
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Rhea-AI Filing Summary
Stoneridge Chief Technology Officer Troy Cooprider reported multiple transactions on June 20, 2025:
- Exercised 11,641 phantom shares that converted to common shares, followed by disposition of these shares at $5.61 per share
- Following these transactions, Cooprider directly owns 6,362 common shares
- Maintains 19,906 share units under the company's Long-Term Incentive Plan, which vest on the third anniversary of their respective grant dates
The phantom shares were economically equivalent to common shares and paid in cash upon vesting. The transactions were reported via power of attorney by Robert M. Loesch on June 24, 2025. These changes reflect standard executive compensation arrangements and vesting schedules rather than open market transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Shares | 11,641 | $0.00 | $0.00 |
| Exercise | Common Shares, without par value | 11,641 | $0.00 | $0.00 |
| Disposition | Common Shares, without par value | 11,641 | $5.61 | $65K |
| holding | Share Units | -- | -- | -- |
Footnotes (3)
- F1. Each Phantom Share was the economic equivalent of one Common Share and was paid in cash.
- F2. The Phantom Shares vested on June 20, 2025.
- F3. 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
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What insider trading activity occurred at Stoneridge (SRI) on June 20, 2025?
What type of equity compensation does Stoneridge (SRI) offer its executives?
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