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QUAKER CHEMICAL CORP·4

Mar 17, 4:32 PM ET

BERQUIST JOSEPH A 4

4 · QUAKER CHEMICAL CORP · Filed Mar 17, 2026

Research Summary

AI-generated summary of this filing

Updated

Quaker (KWR) CEO Joseph Berquist Receives 15,916 Shares

What Happened

  • Joseph A. Berquist, CEO and President (also a director) of Quaker Chemical Corp (KWR), had long‑term award vestings and derivative conversions on March 15, 2026. The Form 4 reports the acquisition of 15,916 shares related to vested PSUs, RSUs and settled dividend equivalents. To satisfy withholding taxes, he surrendered 1,623 shares at an implied withholding value of $118.45 per share, totaling $192,244. Net new shares retained after withholding: 14,293.

Key Details

  • Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely).
  • Acquisitions reported: 15,916 shares (mix of awards/vested PSUs, RSUs and dividend equivalent settlements).
  • Disposal for tax withholding: 1,623 shares surrendered at $118.45 per share = $192,244.
  • Reported derivative actions (code M) reflect conversion/exercise of awarded derivatives (PSUs/RSUs/DERs) into shares; some converted shares were immediately used/recorded in connection with withholding or settlement.
  • Footnotes of note:
    • F1: PSUs awarded 3/15/2023 vested based on certified performance (adjusted ROIC) and were settled.
    • F3: Dividend equivalent rights (DERs) from 2024/2025 RSU grants were settled as share equivalents.
    • F4: Shares were surrendered to satisfy withholding tax obligations.
  • Shares owned after the transactions are not specified in the provided excerpt of the filing (see the full Form 4 for total beneficial ownership).

Context

  • This was not an open‑market sale or purchase; it reflects routine vesting/settlement of long‑term incentive awards. The surrender of shares to cover taxes is a common administrative step and does not by itself indicate a change in insider sentiment.
  • Transaction codes: A = award/grant (RSU/PSU settlement), M = exercise/conversion of derivatives (conversion of PSUs/RSUs/DERs into shares), F = shares surrendered for tax withholding.

Insider Transaction Report

Form 4
Period: 2026-03-15
QUAKER CHEMICAL CORPKWR
BERQUIST JOSEPH A
DirectorCEO and President
Transactions
  • Award

    Common Stock

    [F1]
    2026-03-15+1,396→ 13,639 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-15+466→ 14,105 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-15+462→ 14,567 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-15+2,387→ 16,954 total
  • Exercise/Conversion

    Common Stock

    [F3]
    2026-03-15+62→ 17,016 total
  • Tax Payment

    Common Stock

    [F4]
    2026-03-15$118.45/sh−1,623$192,244→ 15,393 total
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F6]
    2026-03-15−466→ 466 total
    → Common Stock (466 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F6]
    2026-03-15−462→ 462 total
    → Common Stock (462 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F7]
    2026-03-15−2,387→ 4,774 total
    → Common Stock (2,387 underlying)
  • Exercise/Conversion

    Dividend Equivalent Rights

    [F3]
    2026-03-15−62→ 0 total
    Exp: 2026-03-15→ Common Stock (62 underlying)
  • Award

    Restricted Stock Units

    [F8]
    2026-03-15+11,143→ 11,143 total
    → Common Stock (11,143 underlying)
Holdings

  • Common Stock

    [F5]
    (indirect: By 401(k))
    274
Footnotes (8)
  • [F1]Shares earned upon vesting and settlement of Performance Stock Units (PSUs) awarded on March 15, 2023, upon certification of performance results by the Compensation and Human Resources Committee based on achievement of the adjusted return on invested capital (ROIC) metric, during the three year performance period.
  • [F2]Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
  • [F3]Dividend equivalent rights (DERs) accrued on reporting person's RSUs granted on March 15, 2024 (two grants) and March 15, 2025. The rights accrued when and as dividends were paid on KWR common stock. This Form 4 reports the settlement of DERs in connection with the second installment of the 2024 RSU grants and the first installment of the 2025 RSU grant, each vesting on March 15, 2026. Each DER was the economic equivalent of one share of KWR common stock.
  • [F4]Shares surrendered by reporting person to satisfy withholding tax obligations upon the full or partial vesting of certain restricted stock, PSUs, and RSUs previously granted under the Company's Long-Term Performance Incentive Plan.
  • [F5]Information based on reporting person's Plan Statement as of December 31, 2025.
  • [F6]On March 15, 2024, the reporting person was granted 1,398 time-based RSUs and 1,386 special time-based RSUs, with both awards vesting in three equal installments beginning on March 15, 2025.
  • [F7]On March 15, 2025, the reporting person was granted 7,161 time-based RSUs, vesting in three annual installments beginning on March 15, 2026.
  • [F8]Time-based RSUs granted under the Company's Long-Term Performance Incentive Plan, which will vest in three annual installments beginning on March 15, 2027. Each RSU represents a contingent right to receive one share of KWR common stock and DERs accrue with respect to these RSUs when and as dividends are paid on KWR common stock.
Signature
Victoria K. Gehris, Attorney-in-Fact for Joseph A. Berquist|2026-03-17

Documents

1 file
  • 4
    wk-form4_1773779573.xmlPrimary

    FORM 4