Patrick Clark - 16 Feb 2022 Form 4 Insider Report for Cooper-Standard Holdings Inc. (CPS)

Role
Senior Vice President, Chief Manufacturing and Commercial Officer
Signature
/s/ Denise Balog, on behalf of Patrick Clark, under Power of Attorney
Issuer symbol
CPS
Transactions as of
16 Feb 2022
Net transactions value
$0
Form type
4
Filing time
18 Feb 2022, 11:05:51 UTC
Previous filing
15 Feb 2022
Next filing
11 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPS Common stock Gift $0 -607 -100% $0.000000* 0 17 Feb 2022 Direct
transaction CPS Common stock Gift $0 +607 +9.5% $0.000000 6,965 17 Feb 2022 By Trust F1

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 +10,167 $0.000000 10,167 16 Feb 2022 Common stock 10,167 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Revocable family trust for which Reporting Person is the sole trustee.
F2 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.
F3 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.
F4 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.

Remarks:

Senior Vice President, Chief Manufacturing and Commercial Officer