Form 4: Cooper-Standard Holdings Inc. Executive Jonathan Banas Reports Stock Transactions
SEC Form 4 Filing
EVP and CFO Jonathan Banas reports the vesting and settlement of performance stock units (PSUs) and the disposition of shares to cover tax obligations.
Summary
- On February 14, 2025, Jonathan Banas, EVP and CFO of Cooper-Standard Holdings Inc., reported transactions involving the company's common stock and performance stock units (PSUs).
- A total of 15,250 PSUs vested and were settled.
- Banas disposed of 4,786 shares of common stock at a price of $13.51 to satisfy tax obligations related to the PSU vesting.
- Following these transactions, Banas directly owns 35,513 shares of Cooper-Standard Holdings Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock transactions, with no inherent positive or negative sentiment.
Future Outlook
Subject to continued employment through December 31, 2024, the PSUs will vest and settle on or as soon as practicable following February 14, 2025.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Key Dates
| Date | Description |
|---|---|
| February 16, 2022 | Date PSUs were granted to the reporting person under the 2021 Omnibus Incentive Plan. |
| February 14, 2024 | Date the Company determined that applicable performance vesting criteria were satisfied. |
| December 31, 2024 | Date through which the reporting person's continued employment is required for PSUs to vest. |
| February 14, 2025 | Date of PSU vesting and stock transactions. |
| February 18, 2025 | Date of Form 4 signature. |
Keywords
Form 4, Insider Trading, Stock Options, Performance Stock Units, CPS, Cooper-Standard Holdings Inc., Jonathan Banas, Executive Compensation
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