4/A: Cooper-Standard Holdings Inc. Executive Alison S. Nudd Corrects RSU Grant Details in Amended SEC Filing

Alison S. Nudd, VP and Chief Accounting Officer of Cooper-Standard Holdings Inc., files an amended SEC Form 4/A to correct the number of Restricted Stock Units (RSUs) granted on March 1, 2024.

Summary

• Alison S. Nudd, VP and Chief Accounting Officer of Cooper-Standard Holdings Inc., filed an amended SEC Form 4/A on March 5, 2024.
• The amendment corrects the number of Restricted Stock Units (RSUs) granted to Nudd on March 1, 2024.
• The original filing on March 4, 2024, incorrectly reported the number of RSUs as 3,273.
• The corrected filing states that 3,346 RSUs were granted under the company's 2021 Omnibus Incentive Plan.
• One-third of the RSUs will vest annually on the first three anniversaries of March 1, 2024, contingent upon continued employment.

Sentiment

Score: 7

Explanation: The document is a routine correction of an SEC filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects transparency and adherence to regulatory requirements.

Future Outlook

The RSUs will vest in three equal annual installments starting March 1, 2025, contingent upon continued employment.

Industry Context

This filing is a routine disclosure related to executive compensation and is required by the SEC to ensure transparency in insider transactions. It provides investors with information about the equity holdings of company executives.

Comparison to Industry Standards

• Executive compensation packages, including RSU grants, are common practice in publicly traded companies like Cooper-Standard Holdings Inc.
• The vesting schedule of one-third annually over three years is a typical vesting structure for RSUs.
• Comparing the size of the RSU grant to similar companies in the automotive parts industry would provide further context on the competitiveness of Cooper-Standard's executive compensation.

Stakeholder Impact

• The correction of the RSU grant details ensures accurate information for shareholders regarding executive compensation.
• The vesting schedule provides an incentive for the executive to remain with the company, potentially benefiting shareholders through continued leadership.

Key Dates