Form 4: Cooper-Standard Holdings Inc. Executive Patrick Clark Reports Stock Transactions
SEC Form 4 Filing
Patrick Clark, a key executive at Cooper-Standard Holdings Inc., reports the vesting and disposal of performance stock units and common stock transactions.
Summary
- On February 14, 2025, Patrick Clark, President, Sealing Systems and Chief Manufacturing Officer of Cooper-Standard Holdings Inc., reported transactions involving common stock and performance stock units (PSUs).
- Clark acquired 10,166 shares of common stock through the vesting of PSUs.
- He disposed of 3,349 shares to cover tax obligations at a price of $13.51 per share.
- Clark also reported a gift of 6,817 shares.
- Following these transactions, Clark directly owns 6,817 shares and indirectly owns 30,751 shares through a revocable family trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The PSUs will settle on or as soon as practicable following February 14, 2025, subject to continued employment through December 31, 2024.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Next Steps
- The PSUs will settle on or as soon as practicable following February 14, 2025.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Date performance-based stock units (PSUs) were granted to the reporting person. |
| 02/14/2024 | Date the Company determined that applicable performance vesting criteria for PSUs were satisfied. |
| 12/31/2024 | Date through which the reporting person's continued employment is required for PSUs to vest. |
| 02/14/2025 | Date of the reported transactions: PSU vesting, stock disposal for taxes, and gift. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Cooper-Standard Holdings Inc., Patrick Clark, CPS, PSU
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