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QUAKER CHEMICAL CORP·4

Mar 17, 4:44 PM ET

Dassing Steven R. 4

Research Summary

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Quaker Chemical VP Steven Dassing Receives Awards, Exercises Options

What Happened
Steven R. Dassing, Vice President and Principal Accounting Officer at Quaker Chemical Corp. (KWR), reported multiple equity transactions on March 15, 2026. The Form 4 shows a series of awards, derivative conversions and settlements (RSUs, PSUs and dividend equivalent rights), with a gross 2,164 shares recorded as acquired/awarded across the reported entries. To satisfy tax withholding, 130 shares were surrendered (disposed) at $118.45 per share for a total withholding of $15,399.

Key Details

  • Transaction date(s): March 15, 2026; Form 4 filed March 17, 2026 (filed on time).
  • Reported gross acquisitions/awards: 2,164 shares (various grants/settlements shown as A and M transactions).
  • Shares surrendered for tax withholding: 130 shares @ $118.45 = $15,399 (reported as code F).
  • Derivative activity: Several "M" entries (exercise/conversion of derivative) were reported, with some conversions immediately reflected as disposals at $0 — consistent with RSU/PSU or DER settlements and net-settlement treatment.
  • Notable footnotes:
    • F1: PSUs vested and settled based on 3‑year ROIC performance (awarded Mar 15, 2023).
    • F2: RSUs convert one-for-one into common stock.
    • F3: Dividend equivalent rights (DERs) from prior RSU grants were settled (economic equivalent to shares).
    • F4: Shares surrendered to satisfy withholding tax obligations.
    • F8/F9: Some reported RSU grants are time‑based awards that vest in future years (2027+).
  • Shares owned after the transactions: not specified in the filing.

Context

  • Codes: A = Award/Grant, M = Exercise/Conversion of derivative, F = Payment of exercise price or tax liability.
  • The filing reflects routine compensation-related equity activity (vesting/settlement of RSUs/PSUs/DERs and related tax withholding), not an open-market purchase or discretionary sale by the insider.
  • For retail investors: tax-withholding share surrenders are common when equity awards vest and do not necessarily signal a change in the insider’s view of the company.