secwatch.observer — SEC 8-K summary
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Issuer:     STONERIDGE INC (SRI)
CIK:        0001043337
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0001043337-23-000045
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stoneridge grants CFO Horvath and CHRO Benedict 29,103 phantom shares each under retention program
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- CFO Matthew Horvath and CHRO Susan Benedict each granted 29,103 phantom shares on June 20, 2023.
- Phantom shares vest on June 20, 2025, contingent on continued employment with Stoneridge.
- Payout in cash equal to 30-day VWAP plus dividend equivalents accrued from grant date.
- Grant also covers CEO's direct staff and other key employees as part of retention effort.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043337/000104333723000045/0001043337-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043337/000104333723000045/sri-20230620.htm
  HTML page:      https://secwatch.observer/filing/0001043337-23-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer