Form 4: Cooper-Standard Holdings Director Acquires RSUs

Richard Joseph Freeland, a Director at Cooper-Standard Holdings Inc., acquired 3,937 Restricted Stock Units (RSUs) on May 14, 2026, under the company's 2021 Omnibus Incentive Plan.

Summary

• Richard Joseph Freeland, a Director of Cooper-Standard Holdings Inc., was granted 3,937 Restricted Stock Units (RSUs) on May 14, 2026.
• These RSUs are part of the Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended.
• The RSUs vest on the earlier of the first anniversary of the grant date or the first annual shareholders meeting after the grant date, provided Freeland continues his service as a director.
• The company may settle these RSUs by issuing shares or paying an equivalent cash amount.
• The filing was made on May 18, 2026, under a power of attorney.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a standard equity grant to a director rather than a significant personal investment or divestment.

Positives

• Director acquisition of company stock, even in the form of RSUs, can signal confidence in the company's future prospects.
• The RSU grant is tied to continued service, aligning the director's incentives with the company's long-term performance.
• The grant is made under an existing, amended incentive plan, indicating established compensation structures.

Negatives

• The filing represents a grant of equity, not an open market purchase, so it does not directly reflect a personal investment of capital.
• The RSUs are subject to vesting conditions, meaning the director does not have immediate full ownership or control.

Risks

• The value of the RSUs is subject to the future stock price performance of Cooper-Standard Holdings Inc.
• Continued service as a director is a condition for vesting, implying a risk of forfeiture if service is terminated before vesting.

Future Outlook

The future outlook for the RSUs depends on the continued service of the reporting person and the future performance of Cooper-Standard Holdings Inc.'s stock price, as the RSUs will vest and settle based on these factors.

Industry Context

StockSavvy.ai notes that grants of equity awards like RSUs to directors are a common practice in the automotive supplier industry to align executive and director interests with shareholder value creation and to attract and retain talent.

Related Party Transactions

• Grant of 3,937 Restricted Stock Units (RSUs) to Director Richard Joseph Freeland under the Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan.

Stakeholder Impact

• Shareholders: The grant of RSUs dilutes existing share ownership slightly, but it also aligns director incentives with long-term shareholder value.
• Employees: The existence of an incentive plan for directors may reflect a broader compensation philosophy within the company.
• Management: Reinforces the alignment of director compensation with company performance and service.

Next Steps

• Vesting of RSUs on the earlier of the first anniversary of the grant date or the first annual shareholders meeting after the grant date, subject to continued service.
• Settlement of vested RSUs by the company, either through share issuance or cash payment.
• Continued reporting of any further transactions by the reporting person as required by SEC regulations.

Key Dates

Keywords

Cooper-Standard Holdings Inc., CPS, Form 4, SEC Filing, Restricted Stock Units, RSUs, Director Compensation, Insider Trading, Equity Grant, Omnibus Incentive Plan