Jeffrey L. Fleck - Mar 15, 2025 Form 4 Insider Report for QUAKER CHEMICAL CORP (KWR)

Role: SVP, Chief GSCO
Signature: Victoria K. Gehris, Attorney-in-Fact for Jeffrey L. Fleck
Stock symbol: KWR
Transactions as of: Mar 15, 2025
Transactions value $: -$21,840
Form type: 4
Date filed: 3/18/2025, 06:16 PM
Previous filing: Mar 3, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KWR	Common Stock	Tax liability	-$11.4K	-89	-3.82%	$128.47	2.24K	Mar 15, 2025	Direct	F1
transaction	KWR	Common Stock	Options Exercise		+266	+11.89%		2.5K	Mar 15, 2025	Direct	F2
transaction	KWR	Common Stock	Exercise of in-the-money or at-the-money derivative security		+3	+0.12%		2.51K	Mar 15, 2025	Direct	F3
transaction	KWR	Common Stock	Tax liability	-$10.4K	-81	-3.23%	$128.47	2.43K	Mar 15, 2025	Direct	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KWR	Restricted Stock Units	Options Exercise	$0	-266	-33.29%	$0.00	533	Mar 15, 2025	Common Stock	266		Direct	F2, F5
transaction	KWR	Dividend Equivalent Rights	Exercise of in-the-money or at-the-money derivative security		-3	-100%		0	Mar 15, 2025	Common Stock	3		Direct	F3
transaction	KWR	Restricted Stock Units	Award	$0	+1.25K		$0.00	1.25K	Mar 15, 2025	Common Stock	1.25K		Direct	F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares surrendered by reporting person to satisfy withholding tax obligation upon partial vesting of restricted stock granted on March 15, 2023 under the Company's Long-Term Performance Incentive Plan.
F2	Restricted stock units convert into common stock on a one-for-one basis.
F3	Settlement of dividend equivalent rights in connection with vesting of restricted stock unit. The rights accrued when and as dividends were paid on KWR common stock. Each dividend equivalent right was the economic equivalent of one share of KWR common stock.
F4	Shares surrendered by reporting person to satisfy withholding tax obligation upon partial vesting of restricted stock granted on March 15, 2024 under the Company's Long-Term Performance Incentive Plan.
F5	On March 15, 2024, the reporting person was granted 799 time-based restricted stock units, vesting in three annual installments beginning on March 15, 2025.
F6	Time-based restricted stock units granted under the Company's Long-Term Performance Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of KWR common stock.
F7	The restricted stock units vest in three annual installments beginning on March 15, 2026. Dividend equivalent rights accrue with respect to these restricted stock units when and as dividends are paid on KWR's common stock.