| EBP, Investment, Fair Value and NAV |
As of December 31, 2025 and 2024, the Plan’s investments measured at fair value on a recurring basis were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements as of December 31, 2025 Using Fair Value Hierarchy | | Investments | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 | | Registered investment companies | | $ | 102,134,093 | | | $ | 102,134,093 | | | $ | — | | | $ | — | | | Quaker Chemical Corporation Stock Fund | | 10,809,221 | | | 10,809,221 | | | — | | | — | | | Participant-directed brokerage accounts | | 4,018,114 | | | 4,018,114 | | | — | | | — | | | Total investments in fair value hierarchy | | 116,961,428 | | | 116,961,428 | | | — | | | — | | | Common/collective trusts measured at NAV * | | 153,872,816 | | | — | | | — | | | — | | | Total investments | | $ | 270,834,244 | | | $ | 116,961,428 | | | $ | — | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements as of December 31, 2024 Using Fair Value Hierarchy | | Investments | | Total Fair Value | | Level 1 | | Level 2 | | Level 3 | | Registered investment companies | | $ | 100,937,964 | | | $ | 100,937,964 | | | $ | — | | | $ | — | | | Quaker Chemical Corporation Stock Fund | | 12,445,378 | | | 12,445,378 | | | — | | | — | | | Participant-directed brokerage accounts | | 3,758,858 | | | 3,758,858 | | | — | | | — | | | Total investments in fair value hierarchy | | 117,142,200 | | | 117,142,200 | | | — | | | — | | | Common/collective trusts measured at NAV * | | 143,506,356 | | | — | | | — | | | — | | | Total investments | | $ | 260,648,556 | | | $ | 117,142,200 | | | $ | — | | | $ | — | |
* Certain investments that are measured at fair value using the NAV per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in these tables are intended to permit reconciliation of the fair value hierarchies to the line items presented in the Statements of Net Assets Available for Benefits.
As of December 31, 2025 and 2024, the Plan’s investments that are measured at fair value using the NAV per share were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Common/Collective Trusts | | Total Fair Value | | Unfunded Commitments | | Redemption Frequency | | Redemption Notice Period | | Equity Fund | | $ | 3,654,826 | | | $ | — | | | Daily | | N/A | | Stable Value Funds | | 13,306,856 | | | — | | | Daily | | N/A | | Target-Date Funds | | 136,911,134 | | | — | | | Daily | | N/A | | Total investments | | $ | 153,872,816 | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Common/Collective Trusts | | Total Fair Value | | Unfunded Commitments | | Redemption Frequency | | Redemption Notice Period | | Equity Fund | | $ | 4,310,434 | | | $ | — | | | Daily | | N/A | | Stable Value Funds | | 17,807,576 | | | — | | | Daily | | N/A | | Target-Date Funds | | 121,388,346 | | | — | | | Daily | | N/A | | Total investments | | 143,506,356 | | | | | | | |
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