BARRY MICHAEL F 4

What Happened
Barry Michael F, a director of Quaker Chemical (KWR), exercised stock options on 2026-02-10. He exercised 8,212 options at an exercise price of $136.64 per share (total cost $1,122,088) and immediately surrendered/ disposed of 6,876 shares as payment for exercise price or tax withholding at $176.06 per share (proceeds/value $1,210,589). The filing also records the derivative conversion entry related to the exercised options (8,212 shares, $0 entry).

Key Details

• Transaction date: 2026-02-10; Form 4 filed 2026-02-12 (appears timely).
• Options exercised: 8,212 shares at $136.64 (total $1,122,088).
• Shares surrendered/ disposed to cover taxes/exercise: 6,876 shares at $176.06 (value $1,210,589).
• Net shares retained from this exercise: 1,336 shares (8,212 exercised − 6,876 surrendered).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: F1 notes the option grant vested in three annual installments (8,213 on 3/30/2021; 8,213 on 3/30/2022; 8,212 on 3/30/2023).
• Transaction codes: M = option exercise, F = payment of exercise price/tax withholding.

Context
This was an option exercise with partial share surrender to satisfy exercise price/tax obligations (a common "cashless" or share-withholding action). Such transactions are routine for option vesting and do not necessarily signal a change in insider sentiment.