Stoneridge (NYSE: SRI) VP reports phantom shares and share units awards
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Stoneridge Inc. executive Amy M. Meyer, Global VP Operations, reported her initial holdings of deferred equity awards on a Form 3. She holds Phantom Shares and Share Units under the company’s Long-Term Incentive Plan, each economically tied one-for-one to common shares, with vesting scheduled between March 2027 and March 2029 for the Share Units and on March 1, 2028 for the Phantom Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Meyer Amy M.
Role
Global VP Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Share Units | -- | -- | -- |
| holding | Phantom Shares | -- | -- | -- |
Holdings After Transaction:
Share Units — 4,860 shares (Direct, null);
Phantom Shares — 4,964 shares (Direct, null)
Footnotes (1)
- Share Units granted to the Reporting Person pursuant to the Company's Long-Term Incentive Plan, payable on a one-for-one basis in Company common shares, vesting ratably in equal annual installments of one-third (1/3) on each of March 16, 2027, March 16, 2028, and March 16, 2029, subject to the Reporting Person's continued employment on each applicable vesting date. Phantom Shares granted to the Reporting Person pursuant to the Company's Long-Term Incentive Plan. Each Phantom Share is the economic equivalent of one Company Common Share and will be paid in cash equal to the fair market value of one Company Common Share on the vesting date of March 1, 2028 if the Reporting Person remains employed on that date.
Key Figures
Underlying shares for Phantom Shares: 4,964 shares
Underlying shares for Share Units: 4,860 shares
Phantom Shares vesting date: March 1, 2028
+2 more
5 metrics
Underlying shares for Phantom Shares
4,964 shares
Economic equivalent of common shares for Phantom Shares
Underlying shares for Share Units
4,860 shares
Common shares deliverable for Share Units
Phantom Shares vesting date
March 1, 2028
Cash payment based on fair market value at vesting
Share Units vesting dates
March 16, 2027/2028/2029
Three equal annual installments, one-third each year
Exercise price for awards
$0.0000 per unit
Phantom Shares and Share Units under incentive plan
Key Terms
Phantom Shares, Share Units, Long-Term Incentive Plan, economic equivalent
4 terms
Long-Term Incentive Plan financial
"granted to the Reporting Person pursuant to the Company's Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
economic equivalent financial
"Each Phantom Share is the economic equivalent of one Company Common Share"
FAQ
What did Stoneridge (SRI) executive Amy M. Meyer report on this Form 3?
Amy M. Meyer reported her initial holdings of Phantom Shares and Share Units tied to Stoneridge common shares. These awards come from the company’s Long-Term Incentive Plan and represent deferred equity-based compensation rather than an open-market stock purchase or sale.
Are Amy M. Meyer’s reported awards at Stoneridge (SRI) open-market stock transactions?
No, these are deferred compensation awards under Stoneridge’s Long-Term Incentive Plan, not open-market trades. They consist of Phantom Shares settled in cash and Share Units payable in common shares, each subject to multi-year vesting and continued employment conditions.