Form 4: Cooper-Standard Holdings Inc. Chairman and CEO Jeffrey S. Edwards Reports Changes in Beneficial Ownership

Jeffrey S. Edwards, Chairman and CEO of Cooper-Standard Holdings Inc., reports transactions involving restricted stock units and common stock, resulting in adjustments to his beneficial ownership.

Summary

• On March 1, 2024, Jeffrey S. Edwards, Chairman and CEO of Cooper-Standard Holdings Inc., reported changes in his beneficial ownership of the company's securities.
• These changes involve the vesting of restricted stock units (RSUs) and the corresponding acquisition of common stock.
• Specifically, 23,414 RSUs vested, resulting in the acquisition of 23,414 shares of common stock.
• Additionally, 34,585 RSUs vested, leading to the acquisition of 34,585 shares of common stock.
• Edwards also disposed of 17,329 shares to cover tax obligations at a price of $14.07 per share.
• Following these transactions, Edwards directly owns 198,323 shares of common stock.
• He also indirectly owns 13,200 shares through an irrevocable family trust and 22,900 shares through a living trust.
• Edwards directly owns 23,414 restricted stock units from a 2022 grant and 69,170 restricted stock units from a 2023 grant.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation. While the disposal of shares for tax purposes is slightly negative, the overall sentiment is neutral as it represents standard operating procedure.

Positives

• The vesting of RSUs indicates that Edwards has met certain performance or time-based requirements, aligning his interests with those of the shareholders.

Negatives

• The disposal of 17,329 shares to cover tax obligations, while a normal occurrence, slightly reduces Edwards' direct stake in the company.

Risks

• Significant fluctuations in the company's stock price could impact the value of Edwards' holdings and potentially influence his decisions regarding future transactions.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting schedules for RSUs are typical, often vesting over a three-year period.
• Tax-related disposals of shares are also a common occurrence among executives receiving equity compensation.

Stakeholder Impact

• The transactions reported in the Form 4 filing provide transparency to shareholders regarding the insider transactions of the company's Chairman and CEO.

Key Dates