Johnson Christine Procopio 4

What Happened

• Christine Procopio Johnson, Senior Vice President and Chief Technology Officer of Quaker Chemical Corp (KWR), had compensation-related equity activity on March 15, 2026. The Form 4 reports a grant/award of 1,013 restricted stock units (RSUs) (no cash price) and the settlement/conversion of dividend equivalent rights and vested RSUs into shares. To cover withholding tax on the partial vesting, 111 shares were surrendered at $118.45 per share, totaling $13,148.

Key Details

• Transaction date: March 15, 2026; Form filed March 17, 2026.
• Awards/acquisitions: 1,013 RSUs granted (reported as $0.00 per share, award A).
• Conversions/settlements: dividend equivalent rights and RSU installments were converted/settled into shares (reported as derivative exercises/conversions).
• Tax withholding: 111 shares surrendered to satisfy withholding at $118.45/share = $13,148 (reported as disposition F).
• Shares owned after the transactions: not specified in the information provided on this Form 4.
• Footnotes: RSUs convert 1-for-1 to common shares; DERs accrued on Oct 15, 2025 RSU grant and were settled with the first vesting installment on Mar 15, 2026; 913 of the Oct 15, 2025 RSUs vest in three annual installments beginning Mar 15, 2026; additional time‑based RSUs vest beginning Mar 15, 2027.

Context

• This activity appears to be routine, compensation-related (vesting/settlement of RSUs and dividend equivalents) rather than an open-market purchase or voluntary sale. The surrender of shares to cover taxes is a common cashless/withholding practice and does not necessarily indicate a change in insider sentiment.