Form 4: Cooper-Standard Holdings Director Sepahban Receives Restricted Stock Units

Director Sonya F. Sepahban was granted 7,693 restricted stock units (RSUs) by Cooper-Standard Holdings Inc. on May 16, 2024, under the company's 2021 Omnibus Incentive Plan.

Summary

• On May 16, 2024, Sonya F. Sepahban, a director of Cooper-Standard Holdings Inc., was granted 7,693 restricted stock units (RSUs).
• These RSUs were granted under the company's 2021 Omnibus Incentive Plan, as amended and restated.
• The company has the discretion to settle these RSUs either by issuing shares or by delivering cash equal to the fair market value of the shares on the vesting date.
• The RSUs will vest on the earlier of the first anniversary of the grant date or the date of the first annual shareholders meeting after the grant date, contingent upon the director's continued service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The grant of RSUs is a standard practice and indicates confidence in the director's continued service and the company's future performance.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing her to contribute to the company's success.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• RSU grants are a standard component of executive compensation packages in the automotive supply industry.
• Companies like Magna International and Lear Corporation also utilize equity-based compensation to incentivize their directors and executives.
• The size of the RSU grant is likely determined based on factors such as the director's role, company performance, and industry benchmarks for director compensation.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with their own.
• Employees may see the grant as a sign of the company's commitment to its leadership.

Next Steps

• The director must continue to serve on the board for the RSUs to vest.
• The company will either issue shares or pay cash equivalent to the fair market value of the shares upon vesting.

Key Dates