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QUAKER CHEMICAL CORP·4

Mar 17, 4:41 PM ET

Coler Thomas 4

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Quaker Chemical (KWR) CFO Coler Thomas Exercises Derivatives, Receives RSUs

What Happened

  • Coler Thomas, EVP and CFO of Quaker Chemical (KWR), had various derivative awards convert/vest on March 15, 2026 and received equity from RSU/DER settlement. The filing shows conversions/exercises of derivative awards in amounts of 666, 882 and 30 shares and a grant/award acquisition of 2,870 shares. To satisfy tax withholding, 541 shares were surrendered at $118.45 per share for a withholding value of $64,081.
  • These transactions reflect vesting/settlement of restricted stock units and dividend-equivalent rights rather than an open-market buy or discretionary sale.

Key Details

  • Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (filed within the normal 2-business-day window).
  • Reported disposals: 541 shares surrendered for tax withholding at $118.45 each = $64,081.
  • Reported conversions/exercises: entries for 666, 882 and 30 shares (derivative exercises/conversions) and a grant/award of 2,870 shares (acquired at $0 in the filing).
  • Shares owned after the transaction: not specified in the provided excerpt.
  • Footnotes of note:
    • F1–F6: These awards are time-based RSUs and dividend-equivalent rights (DERs) that convert one-for-one into common shares as they vest. The filing reports settlement of DERs for the second installment of the 2024 RSU grant and the first installment of the 2025 RSU grant (vesting March 15, 2026).
    • F3: Shares were surrendered to satisfy withholding tax obligations upon partial vesting.
  • Transaction codes: M = exercise/conversion of derivative securities; A = award/grant/acquisition; F = tax withholding.

Context

  • This was effectively an RSU/DER vesting and settlement event, not an open-market sale or purchase by the officer. The surrender of shares to cover taxes is routine for vested equity awards and does not necessarily indicate a change in the insider’s view of the stock.
  • For retail investors, purchases or open-market buys by insiders tend to be more informative as bullish signals; this filing documents standard equity compensation vesting and associated tax withholding.