Jeffrey Kutz - 15 Mar 2025 Form 4 Insider Report for QUAKER CHEMICAL CORP (KWR)

Role: VP, Chief Accounting Officer
Signature: Victoria K. Gehris, Attorney-in-Fact for Jeffrey Kutz
Issuer symbol: KWR
Transactions as of: 15 Mar 2025
Net transactions value: -$3,983
Form type: 4
Filing time: 18 Mar 2025, 18:16:58 UTC
Previous filing: 03 Mar 2025
Next filing: 23 Jul 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KWR	Common Stock	Options Exercise		+109	+29%		483	15 Mar 2025	Direct	F1
transaction	KWR	Common Stock	Exercise of in-the-money or at-the-money derivative security		+1	+0.21%		484	15 Mar 2025	Direct	F2
transaction	KWR	Common Stock	Tax liability	$3,983	-31	-6.4%	$128.47	453	15 Mar 2025	Direct	F3

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	Options Exercise	$0	-109	-33%	$0.000000	220	15 Mar 2025	Common Stock	109		Direct	F1, F4
transaction	KWR	Dividend Equivalent Rights	Exercise of in-the-money or at-the-money derivative security		-1	-100%		0	15 Mar 2025	Common Stock	1		Direct	F2
transaction	KWR	Restricted Stock Units	Award	$0	+513		$0.000000	513	15 Mar 2025	Common Stock	513		Direct	F5, F6

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

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	Settlement of dividend equivalent rights in connection with vesting of restricted stock unit. The rights accrued when and as dividends were paid on KWR common stock. Each dividend equivalent right was the economic equivalent of one share of KWR common stock.
F3	Shares surrendered by reporting person to satisfy withholding tax obligation upon partial vesting of restricted stock units granted on March 15, 2024 under the Company's Long-Term Performance Incentive Plan.
F4	On March 15, 2024, the reporting person was granted 329 time-based restricted stock units, vesting in three annual installments beginning on March 15, 2025.
F5	Time-based restricted stock units granted under the Company's Long-Term Performance Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of KWR common stock.
F6	The restricted stock units vest in three annual installments beginning on March 15, 2026. Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid on KWR's common stock.