Susan C. Benedict - Sep 13, 2023 Form 4 Insider Report for STONERIDGE INC (SRI)

Role: CHRO and Assistant GC
Signature: /s/ Robert M. Loesch, by power of attorney
Stock symbol: SRI
Transactions as of: Sep 13, 2023
Transactions value $: -$25,634
Form type: 4
Date filed: 9/15/2023, 11:09 AM
Previous filing: Jun 22, 2023
Next filing: Mar 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SRI	Common Shares, without par value	Options Exercise	$0	+4.84K	+112.81%	$0.00	9.12K	Sep 13, 2023	Direct
transaction	SRI	Common Shares, without par value	Tax liability	-$25.6K	-1.37K	-15.05%	$18.67	7.75K	Sep 13, 2023	Direct

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	SRI	Share Units	Options Exercise	$0	-4.84K	-21.35%	$0.00	17.8K	Sep 13, 2023	Common Shares, without par value	4.84K		Direct	F1
holding	SRI	Phantom Shares						29.1K	Sep 13, 2023	Common Shares, without par value	29.1K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	On September 13, 2021, the Reporting Person was granted 4,835 time-based Share Units pursuant to the Company's Long-Term Incentive Plan, which vested on September 13, 2023, and were paid on a one-for-one basis in Company Common Shares. The remaining Share Units granted to the Reporting Person pursuant to the Company's Long-Term Incentive Plan are payable on a one-for-one basis in Company Common Shares if the Reporting Person remains employed on the dates specified in the various grant agreements.
F2	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 if the Reporting Person remains employed on June 20, 2025.

Content

On September 13, 2021, the Reporting Person was granted 4,835 time-based Share Units pursuant to the Company's Long-Term Incentive Plan, which vested on September 13, 2023, and were paid on a one-for-one basis in Company Common Shares. The remaining Share Units granted to the Reporting Person pursuant to the Company's Long-Term Incentive Plan are payable on a one-for-one basis in Company Common Shares if the Reporting Person remains employed on the dates specified in the various grant agreements.

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 if the Reporting Person remains employed on June 20, 2025.