Salvatore D. Orsini - Feb 28, 2025 Form 4 Insider Report for STONERIDGE INC (SRI)

Role
Chief Procurement Officer
Signature
/s/ Robert M. Loesch, by power of attorney
Stock symbol
SRI
Transactions as of
Feb 28, 2025
Transactions value $
-$17,669
Form type
4
Date filed
3/4/2025, 01:56 PM
Previous filing
Mar 13, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRI Common Shares, without par value Options Exercise +11.6K 11.6K Feb 28, 2025 Direct F1
transaction SRI Common Shares, without par value Disposed to Issuer -11.6K -100% 0 Feb 28, 2025 Direct F1
transaction SRI Common Shares, without par value Options Exercise $0 +4.18K $0.00 4.18K Feb 28, 2025 Direct F2
transaction SRI Common Shares, without par value Award $0 +5.1K +122.18% $0.00 9.28K Feb 28, 2025 Direct F3
transaction SRI Common Shares, without par value Tax liability -$17.7K -3.14K -33.89% $5.62 6.13K Feb 28, 2025 Direct

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 SRI Phantom Shares Options Exercise $0 -11.6K -100% $0.00 0 Feb 28, 2025 Common Shares, without par value 11.6K Direct F4
transaction SRI Share Units Options Exercise $0 -8.98K -100% $0.00 0 Feb 28, 2025 Common Shares, without par value 8.98K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Salvatore D. Orsini is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each phantom share was the economic equivalent of one Company common share. The reporting person received cash for each phantom share.
F2 4,806 Share Units were forfeited to the Company on February 28, 2025.
F3 Vesting of Performance Shares in connection with the Reporting Person's termination of employment on February 28, 2025 pursuant to grants of Performance Shares made to the Reporting Person on March 11, 2024 and March 13, 2023 under the Company's Long-Term Incentive Plan, payable upon a one-for-one basis in Company Common Shares.
F4 Each Phantom Share is the economic equivalent of one Company Common Share and was paid in cash equal to the fair market value of one Company Common Share upon the Reporting Person's termination of employment on February 28, 2025.
F5 Share Units granted to the Reporting Person pursuant to the Company's Long-Term Incentive Plan payable on a one-for-one basis in Company common shares if the Reporting Person remains employed on the third anniversary of the date of grant. The Board's Compensation Committee accelerated vesting of 4,175 Shares Units to February 28, 2025, in connection with the Reporting Person's termination of employment.