Form 4: Cooper-Standard Holdings Inc. Executive Somasundhar Venkatasubramanian Reports Stock Transactions
SEC Form 4 Filing
Somasundhar Venkatasubramanian, a Senior Vice President at Cooper-Standard Holdings Inc., reported the vesting and subsequent disposal of restricted stock units (RSUs) on March 1, 2025, resulting in changes to his beneficial ownership of common stock.
Summary
- On March 1, 2025, Somasundhar Venkatasubramanian, a Senior Vice President at Cooper-Standard Holdings Inc., engaged in transactions involving restricted stock units (RSUs) and common stock.
- The transactions involved the vesting of RSUs granted on February 16, 2022, February 15, 2023, and February 14, 2024, under the company's 2021 Omnibus Incentive Plan.
- Upon vesting, the RSUs were settled, resulting in the acquisition of common stock.
- Simultaneously, a portion of the acquired common stock (1,705 shares) was disposed of at a price of $15.14 per share.
- Following these transactions, Venkatasubramanian's directly held common stock holdings increased from 16,862 to 19,575 to 21,280 and then decreased to 19,575 shares.
- He also holds 4,286 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership.
- Employees who are also RSU holders may be interested in the vesting schedule and settlement terms.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Time-based restricted stock units (RSUs) granted to the reporting person under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan. |
| 03/01/2022 | One third of RSUs granted on February 16, 2022 shall vest and no longer be subject to forfeiture on each of the first three anniversaries of this date. |
| 02/15/2023 | Time-based restricted stock units (RSUs) granted to the reporting person under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan. |
| 03/01/2023 | One third of RSUs granted on February 15, 2023 shall vest and no longer be subject to forfeiture on each of the first three anniversaries of this date. |
| 02/14/2024 | Time-based restricted stock units (RSUs) granted to the reporting person under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan , as amended and restated. |
| 03/01/2024 | One third of RSUs granted on February 14, 2024 shall vest and no longer be subject to forfeiture on each of the first three anniversaries of this date. |
| 03/01/2025 | Date of earliest transaction involving RSUs and common stock. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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