Jeewat Bijlani - Dec 15, 2024 Form 4 Insider Report for QUAKER CHEMICAL CORP (KWR)

Role: EVP, Chief Strategy Officer
Signature: Victoria K. Gehris, Attorney-in-Fact for Jeewat Bijlani
Stock symbol: KWR
Transactions as of: Dec 15, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/17/2024, 04:15 PM
Previous filing: Nov 26, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KWR	Restricted Stock Units	Award	$0	+4.26K		$0.00	4.26K	Dec 15, 2024	Common Stock	4.26K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Time-based restricted stock units subject to a performance modifier, based on the Company's relative Total Shareholder Return compared to the S&P 1500 Index, granted under the Company's 2024 Long-Term Performance Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of KWR common stock.
F2	The restricted stock units vest on the third anniversary of the grant date. The target number of restricted stock units will be adjusted from 75% to 125% of the target number of restricted stock units depending on the achievement of the relative TSR performance criteria measured at the end of the three-year performance period from December 15, 2024 through December 15, 2027. Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid on KWR's common stock.

Content

Time-based restricted stock units subject to a performance modifier, based on the Company's relative Total Shareholder Return compared to the S&P 1500 Index, granted under the Company's 2024 Long-Term Performance Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of KWR common stock.

The restricted stock units vest on the third anniversary of the grant date. The target number of restricted stock units will be adjusted from 75% to 125% of the target number of restricted stock units depending on the achievement of the relative TSR performance criteria measured at the end of the three-year performance period from December 15, 2024 through December 15, 2027. Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid on KWR's common stock.