secwatch.observer — SEC 8-K summary
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Issuer:     QUAKER CHEMICAL CORP (KWR)
CIK:        0000081362
Form:       8-K
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001104659-24-129388
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quaker Chemical awards 5,565 RSUs to CFO Tom Coler and 4,255 RSUs to CSO Jeewat Bijlani
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- Target RSU awards: Tom Coler (CFO) 5,565 RSUs, Jeewat Bijlani (CSO) 4,255 RSUs.
- Awards are time-based RSUs with performance modifier based on relative TSR vs S&P 1500 Chemicals Index over 3 years (Dec 2024-Dec 2027).
- Vesting at 75%-125% of target depending on TSR percentile rank (≤25th percentile => -25%, ≥75th percentile => +25%).
- Vesting contingent on continued employment through Dec 15, 2027, with prorated vesting for death, disability, or termination without cause.
- Dividend equivalents credited as additional RSUs during vesting period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/81362/000110465924129388/0001104659-24-129388-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/81362/000110465924129388/tm2431249d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-129388

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