[Form 4] Cooper-Standard Automotive Inc. Insider Trading Activity
Larry Ott, Senior Vice President and Chief Human Resources Officer at Cooper-Standard Holdings Inc. (CPS), reported option-related transactions on 09/04/2025. He acquired 4,000 common shares through an option exercise at an exercise price of $25.19, which increased his reported beneficial ownership to 47,532 shares before a separate reported disposition. He also reported a sale/disposition of 2,987 shares at $39.05, leaving 44,545 shares beneficially owned after the transactions. The Form 4 discloses the underlying employee stock options granted 02/13/2020 that vest one-third on each of the first three anniversaries and expire 02/13/2030.
- Insider exercised options at $25.19, converting equity compensation into common shares
- Vesting and grant details provided, showing alignment with the 2017 Omnibus Incentive Plan and clear vesting schedule
- Insider sold 2,987 shares at $39.05, reducing the reporting person’s beneficial ownership to 44,545 shares
- Net ownership changed (47,532 interim after exercise to 44,545 after disposition), which may be viewed as partial liquidity
Insights
TL;DR Insider exercised options and sold a subset of shares the same day; net ownership changed modestly.
The filing documents a non-derivative acquisition of 4,000 common shares via exercise at $25.19 and a contemporaneous disposition of 2,987 shares at $39.05. The net reported beneficial ownership decreased from the interim 47,532 to 44,545 shares after the sale. The underlying options were granted 02/13/2020 with standard multi-year vesting and a 02/13/2030 expiration. For investors, this is routine insider liquidity following option vesting rather than a clearly material corporate event.
TL;DR Transaction is consistent with disclosed option plan and required Section 16 reporting; no governance red flags shown.
The Form 4 indicates exercise of time-restricted employee stock options under the 2017 Omnibus Incentive Plan and a subsequent sale of a portion of shares. The filing was signed by a power of attorney designee, which is standard. The report includes vesting terms explicitly tied to continued employment. There is no disclosure here of departures, special allocations, or atypical transfer mechanisms that would raise governance concerns.