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

Somasundhar Venkatasubramanian, a Senior Vice President at Cooper-Standard Holdings Inc., reported the vesting and disposal of restricted stock units (RSUs) on March 1, 2024.

Summary

• On March 1, 2024, Somasundhar Venkatasubramanian, a Senior Vice President at Cooper-Standard Holdings Inc., reported transactions involving common stock and restricted stock units (RSUs).
• The transactions involved the vesting of 1,541 RSUs from a grant made on February 16, 2022, and 2,275 RSUs from a grant made on February 15, 2023.
• The vested RSUs were settled, resulting in the disposal of 1,295 shares to cover tax obligations at a price of $14.07 per share.
• Following these transactions, Venkatasubramanian directly owns 7,215 shares of common stock and 4,551 RSUs.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions and doesn't indicate positive or negative performance for the company.

Industry Context

This Form 4 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.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives, ensuring compliance with SEC regulations.
• Similar filings are made by executives at comparable companies like Dana Incorporated and Tenneco Inc., reflecting standard compensation practices involving stock options and RSUs.

Stakeholder Impact

• The transactions reported in this filing have a minimal direct impact on stakeholders.
• The disposal of shares to cover tax obligations may slightly increase the float of the company's stock.

Key Dates