Form 4: Robert Remenar Receives 7,693 Restricted Stock Units in Cooper-Standard Holdings Inc.

Director Robert Remenar was granted 7,693 restricted stock units (RSUs) in Cooper-Standard Holdings Inc. on May 16, 2024, according to a Form 4 filing.

Summary

• Robert Remenar, a director of Cooper-Standard Holdings Inc., received 7,693 restricted stock units (RSUs) on May 16, 2024.
• 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 paying 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 document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral event with a slightly positive undertone due to incentivizing management.

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 schedule of the RSUs.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages, including RSU grants, are common across the automotive supply industry.
• Companies like Magna International and Lear Corporation also utilize equity-based compensation to incentivize their executives.
• The size and vesting schedule of the RSU grant are likely benchmarked against similar roles and responsibilities within the industry.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of shareholders, potentially leading to decisions that benefit the company's long-term value.
• Employees may view the RSU grant as a positive sign of the company's commitment to its leadership.

Key Dates