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QUAKER CHEMICAL CORP·4

Mar 17, 5:06 PM ET

Traub Robert T 4

Research Summary

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Updated

Quaker (KWR) SVP Robert Traub Receives 2,800 Shares; Surrenders 562

What Happened

  • Robert T. Traub, SVP, General Counsel & Corporate Secretary of Quaker Chemical Corp (KWR), had equity awards settle on March 15, 2026. The filing reports acquisitions totaling 2,800 shares (various awards/derivative conversions) and the surrender of 562 shares to satisfy withholding taxes (562 shares x $118.45 = $66,569).
  • The transactions reflect vesting/settlement of performance stock units (PSUs), restricted stock units (RSUs), and dividend equivalent rights (DERs), not an open-market purchase or sale for personal liquidity. Net, Traub acquired 2,238 shares (2,800 acquired less 562 surrendered for taxes).

Key Details

  • Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (appears timely — within two business days).
  • Price/values: 562 shares surrendered at $118.45 each for $66,569 (tax withholding). Other acquired shares reported at $0.00 because they resulted from award settlement/conversions, not cash purchases.
  • Shares acquired: 1,028 (award) + 1,772 (derivative settlement) = 2,800 shares acquired; 562 shares surrendered for tax withholding.
  • Shares owned after transaction: not explicitly stated on the Form 4; filing references plan statement information as of Dec 31, 2025.
  • Notable footnotes:
    • F1: PSUs awarded 3/15/2023 vested based on certified ROIC performance.
    • F3: DERs from 2024 and 2025 RSU grants were settled as share equivalents upon vesting.
    • F4: Shares were surrendered to satisfy withholding tax obligations (cashless withholding).
    • F6–F8: Notes on timing and structure of prior RSU grants and future vesting schedules.
  • Transaction codes explained: A = award/grant, M = exercise/conversion of derivative, F = shares used to pay taxes.

Context

  • These were award settlements and derivative conversions (PSUs/RSUs/DERs), typical of executive compensation vesting—not an open-market purchase or indicative of an immediate personal sale for cash. The surrender of shares to cover taxes is a routine, administrative step (cashless withholding), not necessarily a bearish signal.