Form 4: Cooper-Standard Holdings Executive Larry Ott Reports Stock Transactions
SEC Form 4
Larry Ott, SVP and Chief Human Resources Officer at Cooper-Standard Holdings, reports acquisition and disposal of common stock and restricted/performance stock units.
Summary
- On February 12, 2025, Larry Ott, SVP and Chief Human Resources Officer of Cooper-Standard Holdings Inc., reported transactions involving the company's stock.
- These transactions include the acquisition of 4,202 shares of common stock at $0, the disposal of 1,425 shares at $14.41, the acquisition of 12,970 shares, and the disposal of 12,970 shares at $14.41.
- Following these transactions, Ott directly owns 29,567 shares of Cooper-Standard Holdings Inc.
- Ott also acquired 13,043 Restricted Stock Units (RSUs) and 6,219 Performance Stock Units (PSUs).
- Additionally, 12,970 Performance Stock Units (PSUs) were exercised.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating a neutral sentiment.
Future Outlook
One third of the RSUs granted on February 12, 2025, will vest on each of the first three anniversaries of March 1, 2025, subject to continued employment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding executive compensation and alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| February 16, 2022 | Date of grant of performance-based stock units (PSUs) under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan. |
| February 15, 2023 | Date of grant of performance-based stock units (PSUs) under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated. |
| February 14, 2024 | Date the Company determined the portion of the performance vesting criteria applicable for the year ended December 31, 2023, was satisfied. |
| December 31, 2024 | Date until which the reporting person's continued employment with the company or its affiliates is required for PSUs granted on February 15, 2023, to vest. |
| February 12, 2025 | Date of earliest transaction and determination date for performance vesting criteria. |
| March 1, 2025 | First vesting date for one third of the RSUs granted on February 12, 2025. |
| December 31, 2025 | Date until which the reporting person's continued employment with the company or its affiliates is required for PSUs granted on February 15, 2023, to vest. |
| February 12, 2026 | Date on or as soon as practicable following which PSUs granted on February 15, 2023, will settle. |
Keywords
Cooper-Standard Holdings, Larry Ott, Stock Transactions, Form 4, RSU, PSU, Beneficial Ownership, Executive Compensation
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