Christopher Couch Under Power - 14 Feb 2024 Form 4 Insider Report for Cooper-Standard Holdings Inc. (CPS)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
16 Feb 2024, 13:23:57 UTC
Prior SEC filing
03 Mar 2023
Next SEC filing
20 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Denise Balog, on behalf of Christopher Couch under Power of Attorney

Key filing fact

Christopher Couch Under Power filed Form 4 for Cooper-Standard Holdings Inc. (CPS) on 16 Feb 2024.

Key facts

  • This page summarizes Christopher Couch Under Power's Form 4 filing for Cooper-Standard Holdings Inc. (CPS).
  • 3 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 16 Feb 2024, 13:23.

Change

  • Previous filing in this sequence was filed on 03 Mar 2023.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CPS transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+18,703
Change %
Price
$0.000000
Shares after
18,703
Date
14 Feb 2024
Ownership
Direct
Underlying class
Common stock
Underlying amount
18,703
Exercise price
Footnotes
F1, F2, F3
CPS transaction Derivative

Performance Stock Units

Award

Transaction value
$0
Shares
+8,964
Change %
Price
$0.000000
Shares after
8,964
Date
14 Feb 2024
Ownership
Direct
Underlying class
Common stock
Underlying amount
8,964
Exercise price
Footnotes
F4, F5, F6, F7
CPS transaction Derivative

Performance Stock Units

Award

Transaction value
$0
Shares
+13,243
Change %
Price
$0.000000
Shares after
13,243
Date
14 Feb 2024
Ownership
Direct
Underlying class
Common stock
Underlying amount
13,243
Exercise price
Footnotes
F6, F8, F9, F10
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 10 footnotes

Footnote F1

These are time-based restricted stock units (RSUs) granted to the reporting person on February 14, 2024, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated .

Footnote F2

The company settles such RSUs by making 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.

Footnote F3

Subject to the reporting person's continued employment with the company or its affiliates through the applicable vesting date, one third of these RSUs shall vest and no longer be subject to forfeiture on each of the first three anniversaries of March 1, 2024.

Footnote F4

Represents performance-based stock units (PSUs) granted to the reporting person on February 16, 2022, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated, which were deemed to have satisfied applicable performance vesting criteria as determined by the Company on February 14, 2024.

Footnote F5

The Company in its sole discretion settles such PSUs 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 PSUs that have vested or (ii) deliver an amount of cash equal to the fair market value of a number of shares equal to the number of PSUs that have vested.

Footnote F6

Represents the date on which the Company determined the number of PSUs actually achieved by the reporting person based on the achievement of certain performance vesting criteria.

Footnote F7

Subject to the reporting person's continued employment with the company or its affiliates through December 31, 2024, these PSUs shall vest and no longer be subject to forfeiture and will settle on or as soon as practicable following February 14, 2025.

Footnote F8

Represents performance-based stock units (PSUs) granted to the reporting person on February 15, 2023, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated, which were deemed to have satisfied the portion of the performance vesting criteria applicable for the year ended December 31, 2023, as determined by the Company on February 14, 2024. The number of PSUs ultimately deemed to be earned for the grant made on February 15, 2023 will be determined following the end of the year ending December 31, 2024.

Footnote F9

The Company in its sole discretion settles such PSUs by delivering an amount of cash equal to the fair market value of a number of shares equal to the number of PSUs that have vested.

Footnote F10

Subject to the reporting person's continued employment with the company or its affiliates through December 31, 2024, these PSUs shall vest and no longer be subject to forfeiture and will settle at the time of the final determination of satisfaction of performance criteria for the remaining portion of the PSU, which remains subject to certain performance-based vesting conditions for the year ending December 31, 2024.

SEC remarks

President, Fluid Handling Systems and Chief Technology Officer

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