Form 4: Cooper-Standard Holdings Inc. Executive Patrick Clark Reports Changes in Beneficial Ownership

Patrick Clark, a key executive at Cooper-Standard Holdings Inc., reports transactions involving common stock and restricted stock units, resulting in adjustments to his direct and indirect holdings.

Summary

• On March 1, 2024, Patrick Clark, President, Sealing Systems and Chief Manufacturing Officer of Cooper-Standard Holdings Inc., reported transactions involving the company's common stock and restricted stock units (RSUs).
• Clark acquired 3,389 shares of common stock through the vesting of RSUs granted on February 16, 2022.
• He also acquired 6,826 shares of common stock through the vesting of RSUs granted on February 15, 2023.
• 3,120 shares were disposed of at a price of $14.07.
• 7,095 shares were disposed of at $0.
• Following these transactions, Clark directly owns 7,095 shares and indirectly owns 20,718 shares through a revocable family trust.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather provides a snapshot of insider 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, ensuring transparency in insider trading activities.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934.
• Similar filings are made by executives at comparable companies like Dana Incorporated and Tenneco Inc., reflecting their transactions in company stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It can influence investor perception of management's confidence in the company.

Key Dates