Form 4: Richard Joseph Freeland Acquires 7,693 Restricted Stock Units in Cooper-Standard Holdings Inc.

Director Richard Joseph Freeland reports acquisition of 7,693 restricted stock units in Cooper-Standard Holdings Inc. on May 16, 2024.

Summary

• Richard Joseph Freeland, a director of Cooper-Standard Holdings Inc., reported the acquisition of 7,693 Restricted Stock Units (RSUs) on May 16, 2024.
• These RSUs were granted under the company's 2021 Omnibus Incentive Plan, as amended and restated.
• The company has the discretion to settle these RSUs either through a book entry of 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 continued service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard equity grant, indicating confidence in the director's continued service and alignment with shareholder interests.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service as a director.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting conditions of the RSUs.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders, such as directors and officers, in their company's stock. This allows investors to monitor the actions of those with inside knowledge of the company.

Comparison to Industry Standards

• RSU grants are a common form of executive compensation in publicly traded companies, used to align management's interests with shareholder value.
• Vesting schedules tied to continued service are standard practice to ensure long-term commitment.
• The Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan is similar to incentive plans offered by comparable companies to attract and retain key personnel.

Stakeholder Impact

• Shareholders: Provides transparency regarding director compensation and alignment of interests.
• Employees: May view the RSU grant as a positive sign of the company's commitment to its leadership.
• Director: Incentivizes continued service and focus on long-term value creation.

Key Dates