Coler Thomas 4

4 · QUAKER CHEMICAL CORP · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Quaker Chemical (KWR) CFO Coler Thomas Exercises Derivatives, Receives RSUs

What Happened

Coler Thomas, EVP and CFO of Quaker Chemical (KWR), had various derivative awards convert/vest on March 15, 2026 and received equity from RSU/DER settlement. The filing shows conversions/exercises of derivative awards in amounts of 666, 882 and 30 shares and a grant/award acquisition of 2,870 shares. To satisfy tax withholding, 541 shares were surrendered at $118.45 per share for a withholding value of $64,081.
These transactions reflect vesting/settlement of restricted stock units and dividend-equivalent rights rather than an open-market buy or discretionary sale.

Key Details

Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (filed within the normal 2-business-day window).
Reported disposals: 541 shares surrendered for tax withholding at $118.45 each = $64,081.
Reported conversions/exercises: entries for 666, 882 and 30 shares (derivative exercises/conversions) and a grant/award of 2,870 shares (acquired at $0 in the filing).
Shares owned after the transaction: not specified in the provided excerpt.
Footnotes of note:
- F1–F6: These awards are time-based RSUs and dividend-equivalent rights (DERs) that convert one-for-one into common shares as they vest. The filing reports settlement of DERs for the second installment of the 2024 RSU grant and the first installment of the 2025 RSU grant (vesting March 15, 2026).
- F3: Shares were surrendered to satisfy withholding tax obligations upon partial vesting.
Transaction codes: M = exercise/conversion of derivative securities; A = award/grant/acquisition; F = tax withholding.

Context

This was effectively an RSU/DER vesting and settlement event, not an open-market sale or purchase by the officer. The surrender of shares to cover taxes is routine for vested equity awards and does not necessarily indicate a change in the insider’s view of the stock.
For retail investors, purchases or open-market buys by insiders tend to be more informative as bullish signals; this filing documents standard equity compensation vesting and associated tax withholding.

Form 4

Period: 2026-03-15

EVP, CFO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-15+666→ 1,107 total
Exercise/Conversion
Common Stock
[F1]
2026-03-15+882→ 1,989 total
Exercise/Conversion
Common Stock
[F2]
2026-03-15+30→ 2,019 total
Tax Payment
Common Stock
[F3]
2026-03-15$118.45/sh−541$64,081→ 1,478 total
Exercise/Conversion
Restricted Stock Units
[F1][F4]
2026-03-15−666→ 667 total
→ Common Stock (666 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F5]
2026-03-15−882→ 1,764 total
→ Common Stock (882 underlying)
Exercise/Conversion
Dividend Equivalent Rights
[F2]
2026-03-15−30→ 0 total
Exp: 2026-03-15→ Common Stock (30 underlying)
Award
Restricted Stock Units
[F6]
2026-03-15+2,870→ 2,870 total
→ Common Stock (2,870 underlying)

Footnotes (6)

[F1]Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
[F2]Dividend equivalent rights (DERs) accrued on reporting person's RSUs granted on June 15, 2024 and March 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 second installment of the 2024 RSU grant and the first installment of the 2025 RSU grant, each vesting on March 15, 2026. Each DER was the economic equivalent of one share of KWR common stock.
[F3]Shares surrendered by reporting person to satisfy withholding tax obligations upon the partial vesting of certain restricted stock units previously granted under the Company's Long-Term Performance Incentive Plan.
[F4]On June 15, 2024, the reporting person was granted 1,999 time-based RSUs, vesting in three annual installments beginning on March 15, 2025.
[F5]On March 15, 2025, the reporting person was granted 2,646 time-based RSUs, vesting in three annual installments beginning on March 15, 2026.
[F6]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 RSUs when and as dividends are paid on KWR common stock.

Signature

Victoria K. Gehris, Attorney-in-Fact for Thomas Coler|2026-03-17

1 file