Patrick Clark - 01 Mar 2024 Form 4 Insider Report for Cooper-Standard Holdings Inc. (CPS)

Role
President, Sealing Systems and Chief Manufacturing Officer
Signature
/s/ Denise Balog, on behalf of Patrick Clark, under Power of Attorney
Issuer symbol
CPS
Transactions as of
01 Mar 2024
Net transactions value
-$43,898
Form type
4
Filing time
05 Mar 2024, 15:31:36 UTC
Previous filing
20 Feb 2024
Next filing
14 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPS Common stock Options Exercise +3,389 3,389 01 Mar 2024 Direct F1
transaction CPS Common stock Options Exercise +6,826 +201% 10,215 01 Mar 2024 Direct F2
transaction CPS Common stock Tax liability $43,898 -3,120 -31% $14.07 7,095 01 Mar 2024 Direct
transaction CPS Common stock Gift $0 -7,095 -100% $0.000000* 0 01 Mar 2024 Direct
transaction CPS Common stock Gift $0 +7,095 +52% $0.000000 20,718 01 Mar 2024 By Trust F3

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 Options Exercise $0 -3,389 -50% $0.000000 3,389 01 Mar 2024 Common stock 3,389 Direct F1, F4, F5
transaction CPS Restricted Stock Units Options Exercise $0 -6,826 -33% $0.000000 13,652 01 Mar 2024 Common stock 6,826 Direct F2, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
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.
F3 Revocable family trust for which Reporting Person is the sole trustee.
F4 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.
F5 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, 2022
F6 These are time-based restricted stock units (RSUs) granted to the reporting person on February 15, 2023, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan.
F7 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, 2023

Remarks:

President, Sealing Systems and Chief Manufacturing Officer