Richard J. Freeland - May 19, 2022 Form 4 Insider Report for Cooper-Standard Holdings Inc. (CPS)

Role: Director
Signature: /s/ Denise Balog, on behalf of Richard J. Freeland under power of attorney
Stock symbol: CPS
Transactions as of: May 19, 2022
Transactions value $: $0
Form type: 4
Date filed: 5/23/2022, 03:01 PM
Previous filing: Jan 26, 2022
Next filing: Jan 27, 2023

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	+19.8K		$0.00	19.8K	May 19, 2022	Common stock	19.8K		Direct	F1, F2, F3

* 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 May 19, 2022, 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 service as a director, these RSU's vest and are no longer subject to forfeiture on the earlier of the first anniversary of the grant date or the date of the first annual shareholders meeting of the company that occurs after the grant date, subject to the director's deferral election, if applicable. Each RSU represents a contingent right to receive, at the issuer's option, either one share of common stock or the cash equivalent upon satisfaction of the vesting events.