Form 4: Cooper-Standard Holdings Executive Ott Exercises Stock Options, Increasing Holdings
SEC Form 4
Larry Ott, a Senior Vice President at Cooper-Standard Holdings, increased his holdings of common stock through the exercise of restricted stock units (RSUs) on March 1, 2025.
Summary
- On March 1, 2025, Larry Ott, a Senior Vice President and Chief Human Resources Officer at Cooper-Standard Holdings Inc., exercised restricted stock units (RSUs).
- These transactions resulted in the acquisition of 2,927 shares, 4,323 shares and 3,857 shares of common stock.
- Following these transactions, Ott directly owns 43,532 shares of Cooper-Standard Holdings Inc. common stock.
- The RSUs were granted under the company's 2021 Omnibus Incentive Plan and vest in three annual installments.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects routine executive compensation activity. The increased holdings could be seen as a positive signal, but it's a standard part of the executive's compensation.
Positives
- Executive's increased stock ownership may signal confidence in the company's future performance.
Industry Context
Executive stock transactions are routinely monitored as indicators of management's perspective on the company's valuation and prospects within the automotive industry.
Comparison to Industry Standards
- Executive compensation packages including RSUs are common in the automotive supply industry, with companies like Magna International and Lear Corporation also utilizing similar incentive plans.
- Vesting schedules of three years are typical for RSUs, aligning with industry norms for long-term executive incentives.
Stakeholder Impact
- Increased insider ownership could be viewed positively by shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Date of grant for 2,927 time-based restricted stock units (RSUs) under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan. |
| 03/01/2022 | First vesting anniversary for one third of the 2,927 RSUs granted on February 16, 2022. |
| 02/15/2023 | Date of grant for 4,323 time-based restricted stock units (RSUs) under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan. |
| 03/01/2023 | First vesting anniversary for one third of the 4,323 RSUs granted on February 15, 2023. |
| 02/14/2024 | Date of grant for 3,857 time-based restricted stock units (RSUs) under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated. |
| 03/01/2024 | First vesting anniversary for one third of the 3,857 RSUs granted on February 14, 2024. |
| 03/01/2025 | Date of transaction: Exercise of restricted stock units (RSUs) and acquisition of common stock. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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