Form 4: David John Mastrocola Acquires 7,693 Restricted Stock Units in Cooper-Standard Holdings Inc.

Director David John Mastrocola received 7,693 restricted stock units (RSUs) from Cooper-Standard Holdings Inc. on May 16, 2024, under the company's 2021 Omnibus Incentive Plan.

Summary

• On May 16, 2024, David John Mastrocola, a director of Cooper-Standard Holdings Inc., was granted 7,693 restricted stock units (RSUs).
• The RSUs were granted under the company's 2021 Omnibus Incentive Plan, as amended and restated.
• The company has the discretion to settle the RSUs either by issuing shares or by delivering cash equal to the fair market value of the shares on the vesting date.
• The RSUs will vest on the earlier of the first anniversary of the grant date or the date of the first annual shareholders meeting after the grant date, contingent upon Mastrocola's continued service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs is a standard practice and indicates confidence in the director's continued service and the company's future performance.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing continued service and performance.

Future Outlook

The vesting of the RSUs is contingent upon the director's continued service, suggesting an expectation of continued involvement with the company.

Industry Context

Equity compensation is a common practice in corporate governance to align the interests of directors and management with those of shareholders. The use of RSUs is a typical method for providing long-term incentives.

Comparison to Industry Standards

• Granting RSUs to directors is a common practice among publicly traded companies to incentivize performance and align interests with shareholders.
• The vesting schedule of one year or until the next annual shareholder meeting is fairly standard.
• Companies like Lear Corporation and Magna International, which are also in the automotive supply industry, often use similar equity compensation plans for their directors.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit shareholders.

Key Dates