Cooper-Standard executive reports equity grants, share swap
Cooper-Standard Holdings executive Venkatasubramanian Somasundhar, Senior Vice President and Chief Information Technology and AI Officer, reported multiple equity award transactions dated February 12, 2026.
Rhea-AI Filing Summary
Cooper-Standard Holdings executive Venkatasubramanian Somasundhar, Senior Vice President and Chief Information Technology and AI Officer, reported multiple equity award transactions dated February 12, 2026. He acquired 3,762 time-based restricted stock units and 3,370 performance stock units under the company’s 2021 Omnibus Incentive Plan at a stated price of $0 per unit.
On the same date, 3,226 previously granted performance stock units were exercised and converted into 3,226 shares of common stock. Those 3,226 common shares were then disposed of back to the issuer at $34.15 per share. Following these transactions, Somasundhar directly owned 19,575 shares of common stock, plus the newly reported RSU and PSU holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,226 shares exercised/converted
Exercise
5 txns
Insider
Venkatasubramanian Somasundhar
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,762 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 3,370 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 3,226 | $0.00 | $0.00 |
| Exercise | Common stock | 3,226 | $0.00 | $0.00 |
| Disposition | Common stock | 3,226 | $34.15 | $110K |
Holdings After Transaction:
Restricted Stock Units — 3,762 contracts (Direct);
Performance Stock Units — 3,370 contracts (Direct);
Common stock — 19,575 shares (Direct)
Footnotes (9)
- F1. 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.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- 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, 2024, as determined by the Company on February 12, 2025
- F9. 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 executive Venkatasubramanian Somasundhar report?
He reported equity award activity on February 12, 2026, including grants of 3,762 restricted stock units and 3,370 performance stock units, plus the exercise of 3,226 performance stock units into common shares followed by a disposition of those 3,226 shares back to Cooper-Standard.
How many Cooper-Standard (CPS) RSUs were granted to the executive?
He received a grant of 3,762 time-based restricted stock units at a stated price of $0 per unit. These RSUs vest in three annual installments starting March 1, 2026, subject to his continued employment with Cooper-Standard or its affiliates through each applicable vesting date.
What performance stock unit activity did CPS disclose for the executive?
Cooper-Standard disclosed 3,370 new performance stock units granted on February 12, 2026 and the exercise of 3,226 earlier PSUs into common stock. The PSUs are tied to performance criteria and continued employment, with settlement in shares or cash at the company’s discretion.
Did the CPS executive dispose of any common stock in this Form 4?
Yes. After exercising 3,226 performance stock units into 3,226 common shares, those 3,226 shares were reported as disposed of to the issuer at $34.15 per share. The transaction is coded as a disposition to the company rather than an open-market sale.
What role does the reporting person hold at Cooper-Standard (CPS)?
The reporting person, Venkatasubramanian Somasundhar, serves as Senior Vice President, Chief Information Technology and AI Officer. His Form 4 filings reflect equity awards and related share transactions associated with his position under Cooper-Standard’s 2021 Omnibus Incentive Plan, as amended and restated.
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