Christopher Couch - 28 Jul 2021 Form 4 Insider Report for Cooper-Standard Holdings Inc. (CPS)

Role
Senior Vice President, Chief Technology and Procurement Officer
Signature
/s/ Denise Balog, on behalf of Christopher Couch under Power of Attorney
Issuer symbol
CPS
Transactions as of
28 Jul 2021
Net transactions value
$0
Form type
4
Filing time
30 Jul 2021, 13:42:02 UTC
Next filing
08 Nov 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CPS Restricted Stock Units Award $0 +2,034 $0.000000 2,034 28 Jul 2021 Common stock 2,034 Direct F1, F2, F3
transaction CPS Employee stock options (right to buy) Award $0 +4,281 $0.000000 4,281 28 Jul 2021 Common stock 4,281 $24.59 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These are time-based restricted stock units (RSUs) granted to the reporting person on July 28, 2021, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan.
F2 The company, in its sole discretion, settles such RSU's by electing either to (i) make an appropriate book entry in the reporting person's name for a number of shares equal to the number of RSU's that have vested or (ii) deliver an amount of cash equal to the fair market value, determined as of the vesting date, of a number of shares equal to the number of RSU's that have vested.
F3 Subject to the reporting person's continued employment with the company or its affiliate, these RSU's shall vest and no longer be subject to forfeiture on the third anniversary date of the grant.
F4 These are time-restricted employee stock options with the right to buy, granted to the reporting person on July 28, 2021, under the Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan.
F5 Subject to the reporting person's continued employment with the company or its affiliate, one third of the options shall vest on each of the first three anniversaries of the grant date.

Remarks:

Senior Vice President, Chief Technology and Procurement Officer