Form 4: Cooper-Standard Holdings Inc. Executive Somasundhar Venkatasubramanian Reports Stock Transactions
SEC Form 4 Filing
Somasundhar Venkatasubramanian, a top executive at Cooper-Standard Holdings Inc., reports the vesting and settlement of performance stock units (PSUs) and related stock transactions.
Summary
- On February 14, 2025, Somasundhar Venkatasubramanian, SVP and Chief Information Technology Officer of Cooper-Standard Holdings Inc., reported transactions involving common stock and performance stock units (PSUs).
- 4,622 PSUs vested and were settled, resulting in the acquisition of 4,622 shares of common stock.
- Simultaneously, 1,567 shares were disposed of to cover tax obligations at a price of $13.51 per share.
- Following these transactions, Venkatasubramanian directly owns 15,321 shares of Cooper-Standard Holdings Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
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 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 16, 2022 | Performance-based stock units (PSUs) granted to the reporting person under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated. |
| February 14, 2024 | Date the Company determined that applicable performance vesting criteria for the PSUs were satisfied. |
| December 31, 2024 | Date through which the reporting person's continued employment with the company or its affiliates is required for the PSUs to vest. |
| February 14, 2025 | Date of the reported transactions: vesting of PSUs and related stock acquisition and disposal. |
| February 18, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Cooper-Standard Holdings Inc., Somasundhar Venkatasubramanian, Performance Stock Units, PSUs, Stock Transaction, Insider Trading
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