Form 4: Cooper-Standard Holdings Inc. Executive Larry Ott Reports Stock Transactions

Larry Ott, a Senior Vice President at Cooper-Standard Holdings Inc., reported the vesting and disposal of restricted stock units (RSUs) on March 1, 2024.

Summary

• On March 1, 2024, Larry Ott, Senior Vice President and Chief Human Resources Officer of Cooper-Standard Holdings Inc., reported transactions involving common stock related to the vesting of restricted stock units (RSUs).
• Ott disposed of 1,915 shares to cover tax obligations at a price of $14.07 per share.
• The transactions involved the vesting of 2,927 RSUs granted on February 16, 2022, and 4,323 RSUs granted on February 15, 2023, under the company's 2021 Omnibus Incentive Plan.
• Following these transactions, Ott directly owns 26,790 shares of common stock and 8,647 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by an executive, and it doesn't inherently convey positive or negative sentiment. It's a neutral disclosure.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive interests with long-term shareholder value.
• The vesting schedules and terms described are typical for RSU grants in publicly traded companies.
• Similar filings are regularly made by executives at comparable companies in the automotive supply industry, such as Magna International, Lear Corporation, and Aptiv.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and stock ownership adjustments.
• The disclosure provides transparency to shareholders regarding executive stock ownership.

Key Dates