Stoneridge Executive's $81,000 Stock Transaction Signals Confidence Shift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stoneridge President of Control Devices, Rajaey Kased, reported significant insider transactions on June 20, 2025. The transactions involved:
- 14,551 phantom shares were converted (M) and subsequently disposed of (D) at $5.61 per share
- Following these transactions, Kased directly owns 8,610 common shares
- Maintains 31,369 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 were paid in cash upon vesting. This transaction pattern suggests a routine vesting and liquidation of executive compensation awards rather than an open market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,551 shares exercised/converted
Mixed
4 txns
Insider
Kased Rajaey
Role
President Control Devices
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Shares | 14,551 | $0.00 | -- |
| Exercise | Common Shares, without par value | 14,551 | $0.00 | -- |
| Disposition | Common Shares, without par value | 14,551 | $5.61 | $82K |
| holding | Share Units | -- | -- | -- |
Holdings After Transaction:
Phantom Shares — 0 shares (Direct);
Common Shares, without par value — 23,161 shares (Direct);
Share Units — 31,369 shares (Direct)
Footnotes (1)
- Each Phantom Share was the economic equivalent of one Common Shares and was paid in cash. The Phantom Shares vested on June 20, 2025. 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
What insider transaction occurred at SRI (Stoneridge) on June 20, 2025?
On June 20, 2025, Rajaey Kased, President of Control Devices at Stoneridge (SRI), exercised 14,551 phantom shares that were converted to common shares and subsequently sold them at $5.61 per share. After the transaction, Kased retained 8,610 direct ownership shares.
What type of equity awards does Rajaey Kased hold in SRI as of June 2025?
Rajaey Kased holds 31,369 Share Units granted under SRI's Long-Term Incentive Plan. These units are payable in common shares on a one-for-one basis if Kased remains employed through the third anniversary of their respective grant dates.