Form 4: Cooper-Standard Holdings Inc. Executive Patrick Clark Reports Stock Transactions

Patrick Clark, a key executive at Cooper-Standard Holdings Inc., reports the acquisition and disposal of common stock and derivative securities, including restricted stock units and performance stock units, as per SEC Form 4 filing.

Summary

• Patrick Clark, President, Sealing Systems and Chief Manufacturing Officer of Cooper-Standard Holdings Inc., filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's securities.
• The transactions occurred on February 12, 2025, and involve common stock, restricted stock units (RSUs), and performance stock units (PSUs).
• Clark acquired 20,478 shares of common stock through the vesting of PSUs and disposed of the same amount, likely for cash settlement.
• He also acquired 4,866 shares of common stock based on previously granted PSUs and disposed of 1,650 shares to cover tax obligations.
• Additionally, Clark received 21,080 time-based RSUs and 9,676 PSUs, both subject to continued employment and vesting schedules.
• Following these transactions, Clark directly owns 3,216 shares of common stock and indirectly owns 23,934 shares through a family trust.
• He also holds 21,080 RSUs and 9,676 PSUs.

Sentiment

Score: 6

Explanation: The document is a routine SEC filing detailing executive stock transactions. It doesn't contain any overtly positive or negative information, but the granting of equity suggests a belief in the company's future prospects.

Positives

• The granting of RSUs and PSUs to Mr. Clark aligns his interests with the long-term performance of the company.
• The vesting schedules of the RSUs and PSUs incentivize continued employment with Cooper-Standard Holdings Inc.

Risks

• The value of the RSUs and PSUs is dependent on the future stock price of Cooper-Standard Holdings Inc., which is subject to market fluctuations.
• The vesting of the RSUs and PSUs is contingent upon continued employment, creating a potential risk of forfeiture if employment is terminated.

Future Outlook

The document outlines future vesting dates for RSUs and PSUs, contingent on continued employment, indicating a long-term incentive structure.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often used to align management's interests with those of shareholders. The specific details of the transactions, such as the vesting schedules and performance criteria, can provide insights into the company's compensation practices and performance expectations.

Comparison to Industry Standards

• Executive compensation packages, including stock options, RSUs, and PSUs, are standard practice among publicly traded companies like Cooper-Standard Holdings Inc.
• Companies such as Lear Corporation and Magna International, which operate in similar industries, also utilize equity-based compensation to incentivize their executives.
• The vesting schedules and performance metrics associated with these equity grants are typically aligned with industry benchmarks and company-specific goals.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly diluting the outstanding shares.
• Employees may be indirectly affected as the executive's incentives are aligned with the company's performance.

Key Dates

Keywords

Form 4, SEC, Cooper-Standard Holdings Inc., Patrick Clark, Stock, RSU, PSU, Beneficial Ownership, Transaction