Cooper-Standard (NYSE: CPS) CFO receives equity awards and disposes shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cooper-Standard Holdings EVP and CFO Jonathan P. Banas reported multiple equity award transactions. On February 12, 2026, he received 12,333 time-based restricted stock units and 11,947 performance stock units under the 2021 Omnibus Incentive Plan at a stated price of $0 per unit.
On the same date, 10,644 performance stock units were exercised into 10,644 shares of common stock, followed by a disposition of 10,644 common shares to the issuer at $34.15 per share. After these transactions, he directly owned 53,927 shares of common stock, plus the newly granted derivative awards subject to vesting and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,644 shares exercised/converted
Mixed
5 txns
Insider
Banas Jonathan P
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,333 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 11,947 | $0.00 | -- |
| Exercise | Performance Stock Units | 10,644 | $0.00 | -- |
| Exercise | Common stock | 10,644 | $0.00 | -- |
| Disposition | Common stock | 10,644 | $34.15 | $363K |
Holdings After Transaction:
Restricted Stock Units — 12,333 shares (Direct);
Performance Stock Units — 11,947 shares (Direct);
Common stock — 64,571 shares (Direct)
Footnotes (1)
- The Company settles such performance-based stock units (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. These are time-based restricted stock units (RSUs) granted to the reporting person on February 12, 2026, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated. 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. 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 the date of March 1, 2026. Represents performance-based stock units (PSUs) granted to the reporting person on February 12, 2025, 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, 2025, as determined by the Company on February 12, 2026. The company, in its sole discretion, settles such PSU'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 PSU'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 PSU's that have vested. Subject to the reporting person's continued employment with the company or its affiliates through March 1, 2028, these PSUs shall vest and no longer be subject to forfeiture and will settle on or as soon as practicable following March 1, 2028. 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, 2024, as determined by the Company on February 12, 2025 Subject to the reporting person's continued employment with the company or its affiliates through December 31, 2025, these PSUs shall vest and no longer be subject to forfeiture and will settle on or as soon as practicable following February 12, 2026.
FAQ
What insider transactions did CPS EVP and CFO Jonathan Banas report?
Jonathan Banas reported grants of RSUs and PSUs, an exercise of performance stock units, and a related share disposition to the issuer. These transactions updated his equity holdings but represent routine incentive compensation activity under Cooper-Standard’s 2021 Omnibus Incentive Plan.
How many RSUs and PSUs were granted to CPS CFO Jonathan Banas?
He was granted 12,333 restricted stock units and 11,947 performance stock units on February 12, 2026. Both awards were issued at a stated price of $0 and are subject to time-based and performance-based vesting conditions under the 2021 Omnibus Incentive Plan.
What happened with the 10,644 CPS performance stock units on February 12, 2026?
On February 12, 2026, 10,644 performance stock units were exercised into 10,644 shares of Cooper-Standard common stock. Those shares were then disposed of to the issuer, with the Form 4 showing a price of $34.15 per share for the disposition.
What vesting conditions apply to the 12,333 CPS restricted stock units?
The 12,333 restricted stock units vest in three equal installments, each one-third on the first three anniversaries of March 1, 2026. Vesting requires Jonathan Banas’s continued employment with Cooper-Standard or its affiliates through each applicable vesting date.