Form 4: Cooper-Standard Holdings Inc. Officer Christopher Couch Reports Stock Transactions
SEC Form 4 Filing
Christopher Couch, an officer of Cooper-Standard Holdings Inc., reported the vesting and disposal of restricted stock units (RSUs) on March 1, 2024.
Summary
- On March 1, 2024, Christopher Couch, President, Fluid Handling Systems and Chief Technology Officer of Cooper-Standard Holdings Inc., reported transactions involving common stock and restricted stock units (RSUs).
- Couch acquired 2,988 shares of common stock through the vesting of RSUs granted on February 16, 2022, and disposed of 2,338 shares to cover tax obligations at a price of $14.07 per share.
- Additionally, Couch acquired 4,414 shares of common stock through the vesting of RSUs granted on February 15, 2023.
- Following these transactions, Couch directly owns 11,152 shares of common stock and 8,829 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an officer, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 2022-02-16 | Date of grant for 2,988 time-based restricted stock units (RSUs). |
| 2022-03-01 | First vesting date for one third of the RSUs granted on February 16, 2022. |
| 2023-02-15 | Date of grant for 4,414 time-based restricted stock units (RSUs). |
| 2023-03-01 | First vesting date for one third of the RSUs granted on February 15, 2023. |
| 2024-03-01 | Date of reported transactions: vesting of RSUs and disposal of shares for tax obligations. |
| 2024-03-05 | Date of signature for the report. |
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