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 | +2.87K | $0.00 | 2.87K | Feb 16, 2022 | Common stock | 2.87K | Direct | F1, F2, F3 |
Id | Content |
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F1 | These are time-based restricted stock units (RSUs) granted to the reporting person on February 16, 2022, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan. |
F2 | The company, in its sole discretion, settles such RSUs 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 RSUs 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 RSUs that have vested. |
F3 | Subject to the reporting person's continued employment with the company or its affiliate through the applicable vesting date, one-third of the RSUs shall vest and no longer be subject to forfeiture on each of the first three anniversaries of March 1, 2022. |