Ma Jun 4

4 · QUAKER CHEMICAL CORP · Filed Mar 17, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Quaker Chemical SVP Ma Jun Receives Awards, Exercises Derivatives

What Happened

Ma Jun, SVP & Regional Communications Lead — APAC at Quaker Chemical (KWR), had several equity settlements and conversions on March 15, 2026. The filing reports acquisitions totaling 1,118 shares (120; 90; 145; 4; and 759) and reported dispositions of 239 shares (90; 145; and 4), resulting in a net increase of 879 shares.
All reported prices are $0.00 or N/A because these were awards/settlements and conversions of derivative securities (no open-market cash purchase or sale was reported). The Form 4 was filed on March 17, 2026 (timely).

Key Details

Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (timely).
Acquired: 1,118 shares (120; 90; 145; 4; 759). Disposed: 239 shares (90; 145; 4). Net change: +879 shares.
Reported prices: $0.00 or N/A for these award/derivative transactions.
Shares owned after transaction: not specified in the provided filing data.
Notable footnotes from the filing:
- F1: 120 shares earned upon vesting/settlement of PSUs awarded Mar 15, 2023 (performance-certified on ROIC).
- F2: RSUs convert one-for-one into common stock.
- F3: Dividend Equivalent Rights (DERs) from 2024 and 2025 RSU grants were settled (each DER economically equivalent to one share).
- F4/F5: Prior RSU grants (Mar 15, 2024 and Mar 15, 2025) referenced; F6 notes additional time-based RSUs with future vesting.
No 10b5-1 plan, tax-withholding detail, or late-filing indication appears in the provided notes.

Context

These entries represent vesting/settlement of performance and restricted stock units and conversions/settlements of related derivative rights (including dividend equivalents), not open-market buys or discretionary sales. Such transactions commonly reflect compensation vesting rather than a deliberate market-timing trade.
Derivative “exercise/conversion” entries here reflect conversion/settlement of stock units into common shares; some corresponding derivative entries were recorded as disposed/cancelled at $0 (per the filing).

Form 4

Period: 2026-03-15

SVP, Reg Comm Lead-APAC

Transactions

Award
Common Stock
[F1]
2026-03-15+120→ 3,056 total
Exercise/Conversion
Common Stock
[F2]
2026-03-15+90→ 3,146 total
Exercise/Conversion
Common Stock
[F2]
2026-03-15+145→ 3,291 total
Exercise/Conversion
Common Stock
[F3]
2026-03-15+4→ 3,295 total
Exercise/Conversion
Restricted Stock Units
[F2][F4]
2026-03-15−90→ 90 total
→ Common Stock (90 underlying)
Exercise/Conversion
Restricted Stock Units
[F2][F5]
2026-03-15−145→ 290 total
→ Common Stock (145 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
[F6]
2026-03-15+759→ 759 total
→ Common Stock (759 underlying)

Footnotes (6)

[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, 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.
[F4]On March 15, 2024, the reporting person was granted 269 time-based RSUs, vesting in three annual installments beginning on March 15, 2025.
[F5]On March 15, 2025, the reporting person was granted 435 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 Jun Ma|2026-03-17

1 file