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QUAKER CHEMICAL CORP·4

Mar 17, 4:44 PM ET

Dassing Steven R. 4

4 · QUAKER CHEMICAL CORP · Filed Mar 17, 2026

Research Summary

AI-generated summary of this filing

Updated

Quaker Chemical VP Steven Dassing Receives Awards, Exercises Options

What Happened
Steven R. Dassing, Vice President and Principal Accounting Officer at Quaker Chemical Corp. (KWR), reported multiple equity transactions on March 15, 2026. The Form 4 shows a series of awards, derivative conversions and settlements (RSUs, PSUs and dividend equivalent rights), with a gross 2,164 shares recorded as acquired/awarded across the reported entries. To satisfy tax withholding, 130 shares were surrendered (disposed) at $118.45 per share for a total withholding of $15,399.

Key Details

  • Transaction date(s): March 15, 2026; Form 4 filed March 17, 2026 (filed on time).
  • Reported gross acquisitions/awards: 2,164 shares (various grants/settlements shown as A and M transactions).
  • Shares surrendered for tax withholding: 130 shares @ $118.45 = $15,399 (reported as code F).
  • Derivative activity: Several "M" entries (exercise/conversion of derivative) were reported, with some conversions immediately reflected as disposals at $0 — consistent with RSU/PSU or DER settlements and net-settlement treatment.
  • Notable footnotes:
    • F1: PSUs vested and settled based on 3‑year ROIC performance (awarded Mar 15, 2023).
    • F2: RSUs convert one-for-one into common stock.
    • F3: Dividend equivalent rights (DERs) from prior RSU grants were settled (economic equivalent to shares).
    • F4: Shares surrendered to satisfy withholding tax obligations.
    • F8/F9: Some reported RSU grants are time‑based awards that vest in future years (2027+).
  • Shares owned after the transactions: not specified in the filing.

Context

  • Codes: A = Award/Grant, M = Exercise/Conversion of derivative, F = Payment of exercise price or tax liability.
  • The filing reflects routine compensation-related equity activity (vesting/settlement of RSUs/PSUs/DERs and related tax withholding), not an open-market purchase or discretionary sale by the insider.
  • For retail investors: tax-withholding share surrenders are common when equity awards vest and do not necessarily signal a change in the insider’s view of the company.

Insider Transaction Report

Form 4
Period: 2026-03-15
QUAKER CHEMICAL CORPKWR
Dassing Steven R.
VP, Principal Acctg. Officer
Transactions
  • Award

    Common Stock

    [F1]
    2026-03-15+39→ 196 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-15+45→ 241 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-15+82→ 323 total
  • Exercise/Conversion

    Common Stock

    [F2]
    2026-03-15+171→ 494 total
  • Exercise/Conversion

    Common Stock

    [F3]
    2026-03-15+4→ 498 total
  • Tax Payment

    Common Stock

    [F4]
    2026-03-15$118.45/sh−130$15,399→ 368 total
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F5]
    2026-03-15−45→ 45 total
    → Common Stock (45 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F6]
    2026-03-15−82→ 82 total
    → Common Stock (82 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F7]
    2026-03-15−171→ 342 total
    → Common Stock (171 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

    [F8]
    2026-03-15+557→ 557 total
    → Common Stock (557 underlying)
  • Award

    Restricted Stock Units

    [F9]
    2026-03-15+1,266→ 1,266 total
    → Common Stock (1,266 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, 2024, August 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 grants 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]Shares surrendered by reporting person to satisfy withholding tax obligations upon full or partial vesting of restricted stock, RSUs and PSUs previously granted under the Company's Long-Term Performance Incentive Plan.
  • [F5]On March 15, 2024, the reporting person was granted 134 time-based RSUs, vesting in three annual installments beginning on March 15, 2025.
  • [F6]On August 15, 2024, the reporting person was granted 245 special time-based RSUs, vesting in three annual installments beginning on March 15, 2025.
  • [F7]On March 15, 2025, the reporting person was granted 513 time-based RSUs, vesting in three annual installments beginning on March 15, 2026.
  • [F8]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.
  • [F9]Special time-based RSUs granted under the Company's Long-Term Performance Incentive Plan, which will vest in two 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 Steven R. Dassing|2026-03-17

Documents

1 file
  • 4
    wk-form4_1773780280.xmlPrimary

    FORM 4