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STONERIDGE INC — Director's Dealing 2025
Mar 4, 2025
33588_dirs_2025-03-04_c1ed87f2-77ed-4766-b557-1a0b3b97516a.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: 2025-02-28
Reporting Person: Orsini Salvatore D. (Chief Procurement Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-28 | Common Shares, without par value | M | 11641 | — | Acquired | 11641 | Direct |
| 2025-02-28 | Common Shares, without par value | D | 11641 | — | Disposed | 0 | Direct |
| 2025-02-28 | Common Shares, without par value | M | 4175 | — | Acquired | 4175 | Direct |
| 2025-02-28 | Common Shares, without par value | A | 5101 | — | Acquired | 9276 | Direct |
| 2025-02-28 | Common Shares, without par value | F | 3144 | $5.62 | Disposed | 6132 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-02-28 | Phantom Shares | $ | M | 11641 | Disposed | 2025-06-20 | Common Shares, without par value (11641) | Direct |
| 2025-02-28 | Share Units | $ | M | 8981 | Disposed | Common Shares, without par value (8981) | Direct |
Footnotes
F1: Each phantom share was the economic equivalent of one Company common share. The reporting person received cash for each phantom share.
F2: 4,806 Share Units were forfeited to the Company on February 28, 2025.
F3: Vesting of Performance Shares in connection with the Reporting Person's termination of employment on February 28, 2025 pursuant to grants of Performance Shares made to the Reporting Person on March 11, 2024 and March 13, 2023 under the Company's Long-Term Incentive Plan, payable upon a one-for-one basis in Company Common Shares.
F4: Each Phantom Share is the economic equivalent of one Company Common Share and was paid in cash equal to the fair market value of one Company Common Share upon the Reporting Person's termination of employment on February 28, 2025.
F5: Share Units granted to the Reporting Person pursuant to the Company's Long-Term Incentive Plan payable on a one-for-one basis in Company common shares if the Reporting Person remains employed on the third anniversary of the date of grant. The Board's Compensation Committee accelerated vesting of 4,175 Shares Units to February 28, 2025, in connection with the Reporting Person's termination of employment.