Form 4: Cooper-Standard Holdings Inc.: Executive Christopher Couch Reports Stock Transactions
SEC Form 4
Christopher Couch, an officer at Cooper-Standard Holdings Inc., reported the vesting and subsequent acquisition of common stock through restricted stock units (RSUs) on March 1, 2025.
Summary
- On March 1, 2025, Christopher Couch, President, Fluid Handling Systems and Chief Technology Officer of Cooper-Standard Holdings Inc., reported transactions involving common stock.
- These transactions involved the vesting of restricted stock units (RSUs) granted under the company's 2021 Omnibus Incentive Plan.
- Specifically, 2,989 RSUs from the February 16, 2022 grant, 4,414 RSUs from the February 15, 2023 grant, and 6,234 RSUs from the February 14, 2024 grant vested.
- Upon vesting, these RSUs were converted into common stock, resulting in Couch directly owning 35,028 shares of common stock.
- Additionally, 3,901 shares were disposed of at a price of $15.14.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing executive stock transactions related to previously granted compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Future Outlook
The vesting schedule of the RSUs is contingent upon the reporting person's continued employment with the company or its affiliates.
Industry Context
Executive stock transactions are routinely monitored as they can provide insights into management's perspective on the company's performance and future prospects. However, in this case, the transactions are related to vesting of previously granted compensation.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) as a means to align management's interests with those of shareholders.
- The vesting schedules, typically over a three-year period, are standard practice in the industry.
- Companies like Lear Corporation and Magna International also utilize RSUs as part of their executive compensation plans.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they represent the vesting of previously granted compensation.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Date of grant for 2,989 time-based restricted stock units (RSUs). |
| 03/01/2022 | First anniversary of the 2022 RSU grant, with one-third of the RSUs vesting on each of the first three anniversaries. |
| 02/15/2023 | Date of grant for 4,414 time-based restricted stock units (RSUs). |
| 03/01/2023 | First anniversary of the 2023 RSU grant, with one-third of the RSUs vesting on each of the first three anniversaries. |
| 02/14/2024 | Date of grant for 6,234 time-based restricted stock units (RSUs). |
| 03/01/2024 | First anniversary of the 2024 RSU grant, with one-third of the RSUs vesting on each of the first three anniversaries. |
| 03/01/2025 | Date of transaction: Vesting of RSUs and acquisition/disposition of common stock. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.