Benedict Susan C. 4

What Happened

• Susan C. Benedict, CHRO and Assistant General Counsel of Stoneridge Inc. (SRI), was granted a derivative award of 45,029 units on January 31, 2026. The award is reported as an acquisition at $0.00 (code A — grant/award). The filing does not report a cash value for the grant.
• The award consists of two types of units: share units that convert one-for-one into company common shares if Benedict remains employed on the third anniversary of the grant dates, and phantom shares that will be paid in cash equal to the fair market value of one common share on the phantom shares’ vesting date.

Key Details

• Transaction date: January 31, 2026; Reported price: $0.00 (grant).
• Amount: 45,029 derivative units (combination of share units and phantom shares as described in footnotes).
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes: F1 = share units payable one-for-one in common shares on the third anniversary of various grant dates if employed; F2 = phantom shares payable in cash equal to FMV on vesting date (Jan 31, 2027) if employed.
• Filing: Form 4 filed Feb 4, 2026 (appears to be within the usual two-business-day reporting window).

Context

• This was a compensation grant (derivative award), not an open-market purchase or sale. Share units are equity-settled on future vesting; phantom shares are cash-settled at vesting — both are contingent on continued employment and do not indicate immediate buying or selling activity.
• Such awards are routine for executives and are intended as long-term retention/compensation rather than an immediate market signal.