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QUAKER CHEMICAL CORP·4

Mar 17, 4:50 PM ET

Frodl Andre 4

4 · QUAKER CHEMICAL CORP · Filed Mar 17, 2026

Research Summary

AI-generated summary of this filing

Updated

Quaker Chemical VP Andre Frodl Exercises Options, Receives Awards

What Happened

  • Andre Frodl, VP R&D – Metals & Metalworking at Quaker Chemical (KWR), reported multiple award settlements and derivative conversions dated March 15, 2026. The Form 4 shows a total of 680 shares acquired through a mix of grants/awards and exercise/conversion of derivative awards.
  • The filing also shows 149 shares were surrendered to satisfy withholding tax obligations (payment code F) at an implied value of $118.45 per share, totaling $17,649. Several derivative conversions/exercises were reported at $0 cash proceeds (reported as derivative transactions).

Key Details

  • Transaction date: March 15, 2026; Form 4 filed March 17, 2026.
  • Reported acquisitions: 72 shares (grant/award) and multiple exercise/conversion entries totaling 608 shares (60, 60, 93, 20, 4 and a 371-share award/derivative entry) — combined reported acquired shares = 680.
  • Reported disposals: 149 shares surrendered for tax withholding (F) for $17,649; additional derivative conversions/disposals totaling 237 shares were reported at $0 (M, derivative).
  • Footnotes: PSUs vested based on adjusted ROIC (F1); RSUs convert 1-for-1 to common stock (F2); dividend equivalent rights (DERs) were settled for specified RSU grants (F3); shares were surrendered to satisfy tax withholding upon RSU/PSU vesting (F4). Grant vintages and vesting schedules are detailed in F5–F9.
  • Shares owned after the transactions: not specified in the supplied summary of the filing.
  • Filing timeliness: reported on Mar 17 for transactions on Mar 15 (no late-filing flag provided).

Context

  • These transactions reflect vesting/settlement of equity awards (PSUs/RSUs) and conversions/exercises of derivative awards rather than open-market purchases or voluntary sell-offs. The surrender of shares to cover taxes is a routine withholding event following vesting.
  • Transaction codes: A = Award/Grant, M = Exercise/Conversion of derivative, F = Payment of exercise price or tax liability.

Insider Transaction Report

Form 4
Period: 2026-03-15
QUAKER CHEMICAL CORPKWR
Frodl Andre
VP, R&D-Metals & Metalworking
Transactions
  • Award

    Common Stock

    [F1]
    2026-03-15+72→ 683 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-15+60→ 743 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-15+60→ 803 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-15+93→ 896 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-15+20→ 916 total
  • Exercise/Conversion

    Common Stock

    [F3]
    2026-03-15+4→ 920 total
  • Tax Payment

    Common Stock

    [F4]
    2026-03-15$118.45/sh−149$17,649→ 771 total
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F5]
    2026-03-15−60→ 0 total
    → Common Stock (60 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F6]
    2026-03-15−60→ 60 total
    → Common Stock (60 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F7]
    2026-03-15−93→ 187 total
    → Common Stock (93 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F8]
    2026-03-15−20→ 41 total
    → Common Stock (20 underlying)
  • Exercise/Conversion

    Dividend Equivalent Rights

    [F3]
    2026-03-15−4→ 0 total
    Exp: 2026-03-15→ Common Stock (4 underlying)
  • Award

    Restricted Stock Units

    [F9]
    2026-03-15+371→ 371 total
    → Common Stock (371 underlying)
Footnotes (9)
  • [F1]Shares earned upon vesting and settlement of Performance Stock Units (PSUs) awarded on March 15, 2023, upon certification of performance results by the Compensation and Human Resources Committee based on achievement of the adjusted return on invested capital (ROIC) metric, during the three year performance period.
  • [F2]Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
  • [F3]Dividend equivalent rights (DERs) accrued on reporting person's RSUs granted on March 15, 2023, March 15, 2024, March 15, 2025 and October 15, 2025. The rights accrued when and as dividends were paid on KWR common stock. This Form 4 reports the settlement of DERs in connection with the third installment of the 2023 RSU grant, the second installment of the 2024 RSU grant and the first installment of the 2025 RSU grants, each vesting on March 15, 2026. Each DER was the economic equivalent of one share of KWR common stock.
  • [F4]Shares surrendered by reporting person to satisfy withholding tax obligation upon the full or partial vesting of certain RSUs and PSUs previously granted under the Company's Long-Term Performance Incentive Plan.
  • [F5]On March 15, 2023, the reporting person was granted 179 time-based RSUs, vesting in three annual installments beginning on March 15, 2024.
  • [F6]On March 15, 2024, the reporting person was granted 179 time-based RSUs, vesting in three annual installments beginning on March 15, 2025.
  • [F7]On March 15, 2025, the reporting person was granted 280 time-based RSUs, vesting in three annual installments beginning on March 15, 2026.
  • [F8]On October 15, 2025, the reporting person was granted 61 special time-based RSUs, vesting in three annual installments beginning on March 15, 2026.
  • [F9]Time-based RSUs granted under the Company's Long-Term Performance Incentive Plan, which will vest in three annual installments beginning on March 15, 2027. Each RSU represents a contingent right to receive one share of KWR common stock and DERs accrue with respect to these restricted stock units when and as dividends are paid on KWR common stock.
Signature
Victoria K. Gehris, Attorney-in-Fact for Andre Frodl|2026-03-17

Documents

1 file
  • 4
    wk-form4_1773780620.xmlPrimary

    FORM 4