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STONERIDGE INC — Director's Dealing 2023
Sep 15, 2023
33588_dirs_2023-09-15_4e44c3b7-b3ee-43b6-88ed-70a9c7f0c67f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: STONERIDGE INC (SRI)
CIK: 0001043337
Period of Report: 2023-09-13
Reporting Person: Benedict Susan C. (CHRO and Assistant GC)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-09-13 | Common Shares, without par value | M | 4835 | — | Acquired | 9121 | Direct |
| 2023-09-13 | Common Shares, without par value | F | 1373 | $18.67 | Disposed | 7748 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-09-13 | Share Units | $ | M | 4835 | Disposed | Common Shares, without par value (4835) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Shares | $ | 2025-06-20 | Common Shares, without par value (29103) | 29103 | Direct |
Footnotes
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.