FRISBY JEFFRY D 4

What Happened
Jeffry D. Frisby, a non‑management director of Quaker Chemical (KWR), had time‑based restricted stock units (RSUs) that vested on May 31, 2026 and converted into common shares (derivative exercise/conversion). A total of 1,216 shares were recorded from the conversion (1,198 and 18 in separate items); 1,198 of those shares were immediately disposed of at $0.00 (consistent with share withholding to cover taxes). On June 1, 2026 he received a new grant of 975 RSUs as part of 2026 director compensation (no cash paid).

Key Details

• Transaction dates: May 31, 2026 (RSU vesting/conversion and related disposals); June 1, 2026 (new RSU grant). Filing date: June 2, 2026; report period: 2026-05-31.
• Amounts: 1,198 shares converted and disposed at $0.00; 18 shares from dividend equivalents; 975 RSUs granted @ $0.00. Total cash exchanged: $0 reported.
• Transaction codes: M = exercise/conversion of derivative (vesting/conversion of RSUs); A = grant/award (new RSUs).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: (F1) RSUs convert 1-for-1 into common stock; (F2) 18 shares reflect settlement of dividend equivalent rights tied to the RSU vesting; (F3) the vested RSUs were granted June 1, 2025 and vested 100% on May 31, 2026; (F4–F5) the 975 RSUs are a 2026 non‑management director award that vests 100% on May 31, 2027 and accrues dividend equivalents.
• No late filing indicated in the provided data.

Context
This filing reflects routine director compensation activity — vesting/conversion of previously granted RSUs, share withholding to satisfy tax obligations (disposed at $0), and a standard annual RSU award for non‑management directors that will vest next year. These events are awards/administrative settlements rather than open‑market buys or sales for cash and do not necessarily signal the insider’s market view.