Susan C. Benedict - Mar 1, 2024 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: Mar 1, 2024
Transactions value $: -$8,636
Form type: 4
Date filed: 3/5/2024, 12:22 PM
Previous filing: Sep 15, 2023
Next filing: Mar 11, 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	+1K	+12.91%	$0.00	8.75K	Mar 1, 2024	Direct
transaction	SRI	Common Shares, without par value	Tax liability	-$8.64K	-489	-5.59%	$17.66	8.26K	Mar 1, 2024	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	-1K	-5.61%	$0.00	16.8K	Mar 1, 2024	Common Shares, without par value	1K		Direct	F1
holding	SRI	Phantom Shares						29.1K	Mar 1, 2024	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 March 14, 2022, the Reporting Person was granted 7,551 time-based Share Units pursuant to the Company's Long-Term Incentive Plan, of which 1,000 vested on March 1, 2024 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 March 14, 2022, the Reporting Person was granted 7,551 time-based Share Units pursuant to the Company's Long-Term Incentive Plan, of which 1,000 vested on March 1, 2024 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.