Form 4: Cooper-Standard Holdings Director Stephen A. Van Oss Acquires Restricted Stock Units

Director Stephen A. Van Oss acquired 7,693 restricted stock units (RSUs) in Cooper-Standard Holdings Inc. on May 16, 2024.

Summary

• Stephen A. Van Oss, a director of Cooper-Standard Holdings Inc., acquired 7,693 restricted stock units (RSUs) on May 16, 2024.
• The RSUs were granted under the company's 2021 Omnibus Incentive Plan, as amended and restated.
• The company has the discretion to settle the RSUs either by issuing shares or 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 continued service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation practices, aligning interests with shareholders.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service as a director.

Future Outlook

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

Industry Context

This type of equity compensation is common for directors of publicly traded companies to align their interests with shareholders.

Comparison to Industry Standards

• Granting restricted stock units (RSUs) to directors is a standard practice in corporate governance to incentivize performance and align interests with shareholders.
• Companies like Magna International and Lear Corporation, which are also in the automotive supply industry, often use similar equity-based compensation plans for their directors.
• The vesting schedule of these RSUs, contingent on continued service, is also a common feature in director compensation packages across various industries.

Stakeholder Impact

• Shareholders: Aligns director's interests with shareholder value.
• Employees: No direct impact.
• Company: May improve governance and director engagement.

Key Dates