Form 4: Cooper Companies Executive Brian G. Andrews Reports Stock and Option Awards

Brian G. Andrews, EVP, CFO & Treasurer of Cooper Companies, reported the acquisition of performance stock units and stock options.

Summary

• Brian G. Andrews, an executive at Cooper Companies, reported the acquisition of 16,850 performance stock units and 46,928 stock options on December 10, 2024.
• The performance stock units were earned for the three-year performance period ending October 31, 2024, and will vest and convert to common stock on February 1, 2025, subject to continued service.
• The stock options vest 25% per year over four years starting from the grant date and expire on December 10, 2034.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, which are generally viewed positively as they align management with shareholder interests. There are no negative implications.

Positives

• The granting of performance stock units and stock options aligns executive compensation with company performance and long-term value creation.
• The vesting schedule of the stock options encourages long-term commitment from the executive.

Risks

• The vesting of performance stock units is contingent on continued service, which introduces a risk of forfeiture if the executive leaves the company before February 1, 2025.
• The value of the stock options is dependent on the future performance of the company's stock price.

Future Outlook

The performance stock units will convert to common stock on February 1, 2025, subject to continued service. The stock options vest over four years from the grant date.

Industry Context

This is a standard practice for executive compensation in publicly traded companies, aligning management interests with shareholder value.

Comparison to Industry Standards

• Granting stock options and performance-based equity is a common practice among publicly traded companies to incentivize executives.
• The vesting schedule of 25% per year over four years is a typical vesting period for stock options.
• The three-year performance period for the performance stock units is also a common timeframe for such awards.

Stakeholder Impact

• Shareholders may view the granting of stock options and performance stock units positively, as it aligns executive interests with company performance.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Next Steps

• The performance stock units will vest and convert to common stock on February 1, 2025, subject to continued service.
• The stock options will continue to vest over the next four years.

Key Dates

Keywords

stock options, performance stock units, executive compensation, insider trading, Cooper Companies, COO, Brian G. Andrews