Rajaey Kased - 08 Mar 2024 Form 4 Insider Report for STONERIDGE INC (SRI)

Role
President Control Devices
Signature
/s/ Robert M. Loesch, by power of attorney
Issuer symbol
SRI
Transactions as of
08 Mar 2024
Net transactions value
-$17,389
Form type
4
Filing time
11 Mar 2024, 20:08:18 UTC
Previous filing
05 Mar 2024
Next filing
13 Mar 2024
SEC
View on sec.gov

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 +2,112 +45% $0.000000 6,795 08 Mar 2024 Direct
transaction SRI Common Shares, without par value Sale $17,389 -1,032 -15% $16.85 5,763 08 Mar 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 -2,112 -20% $0.000000 8,307 08 Mar 2024 Common Shares, without par value 2,112 Direct F1
holding SRI Phantom Shares 14,551 08 Mar 2024 Common Shares, without par value 14,551 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 8, 2021 the Reporting Person was granted 2,112 Share Units pursuant to the Company's Long-Term Incentive Plan which vested on March 8, 2024 and were paid on a one-for-one basis in Company Common Shares. The remaining Share Units will vest if the Reporting Person remains employed on the date specified under 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.