Form 4: Cooper-Standard Holdings Director Thomas W. Sidlik Reports Grant of Restricted Stock Units

Director Thomas W. Sidlik reports the acquisition of 7,693 Restricted Stock Units (RSUs) in Cooper-Standard Holdings Inc. on May 16, 2024.

Summary

• Thomas W. Sidlik, a director of Cooper-Standard Holdings Inc., reported the acquisition of 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 through a book entry of 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 continued service as a director.

Sentiment

Score: 7

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

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 conditions of the RSUs.

Industry Context

This type of equity grant is a common practice for aligning the interests of company directors with those of shareholders in the automotive supply industry.

Comparison to Industry Standards

• Equity compensation for directors is a standard practice across publicly traded companies, including those in the automotive supply sector like Magna International and Lear Corporation.
• The size and vesting schedule of the RSU grant are likely benchmarked against peer companies to attract and retain qualified board members.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of shareholders, potentially encouraging decisions that increase shareholder value.

Key Dates