Ma Jun 4

What Happened

• Ma Jun, SVP & Regional Communications Lead — APAC at Quaker Chemical (KWR), had several equity settlements and conversions on March 15, 2026. The filing reports acquisitions totaling 1,118 shares (120; 90; 145; 4; and 759) and reported dispositions of 239 shares (90; 145; and 4), resulting in a net increase of 879 shares.
• All reported prices are $0.00 or N/A because these were awards/settlements and conversions of derivative securities (no open-market cash purchase or sale was reported). The Form 4 was filed on March 17, 2026 (timely).

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely).
• Acquired: 1,118 shares (120; 90; 145; 4; 759). Disposed: 239 shares (90; 145; 4). Net change: +879 shares.
• Reported prices: $0.00 or N/A for these award/derivative transactions.
• Shares owned after transaction: not specified in the provided filing data.
• Notable footnotes from the filing:
  • F1: 120 shares earned upon vesting/settlement of PSUs awarded Mar 15, 2023 (performance-certified on ROIC).
  • F2: RSUs convert one-for-one into common stock.
  • F3: Dividend Equivalent Rights (DERs) from 2024 and 2025 RSU grants were settled (each DER economically equivalent to one share).
  • F4/F5: Prior RSU grants (Mar 15, 2024 and Mar 15, 2025) referenced; F6 notes additional time-based RSUs with future vesting.
• No 10b5-1 plan, tax-withholding detail, or late-filing indication appears in the provided notes.

Context

• These entries represent vesting/settlement of performance and restricted stock units and conversions/settlements of related derivative rights (including dividend equivalents), not open-market buys or discretionary sales. Such transactions commonly reflect compensation vesting rather than a deliberate market-timing trade.
• Derivative “exercise/conversion” entries here reflect conversion/settlement of stock units into common shares; some corresponding derivative entries were recorded as disposed/cancelled at $0 (per the filing).