Form 4: Cooper-Standard Holdings Inc. Executive Somasundhar Venkatasubramanian Reports Stock Transactions

Somasundhar Venkatasubramanian, a Senior Vice President and Chief Information Technology Officer at Cooper-Standard Holdings Inc., reported the vesting and disposal of restricted stock units (RSUs) and related stock transactions.

Summary

• On September 20, 2024, Somasundhar Venkatasubramanian, a Senior Vice President and Chief Information Technology Officer at Cooper-Standard Holdings Inc., reported transactions involving common stock.
• Venkatasubramanian vested 5,027 restricted stock units (RSUs) which converted into common stock.
• Simultaneously, 5,027 shares were disposed of to cover the vested RSUs.
• Additionally, 1,438 shares were disposed of at a price of $13.48 to cover tax obligations.
• Following these transactions, Venkatasubramanian directly owns 10,804 shares of Cooper-Standard Holdings Inc. common stock.

Sentiment

Score: 5

Explanation: This Form 4 filing is a routine disclosure of insider transactions and doesn't inherently indicate positive or negative sentiment. It simply reflects the execution of previously granted equity compensation.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment between management's actions and company performance.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity and a small sale of shares to cover taxes.

Key Dates