Cooper-Standard (CPS) legal chief converts 3,619 RSUs, withholds 1,578 shares
Rhea-AI Filing Summary
Cooper-Standard Holdings Inc. reported that Senior Vice President and Chief Legal Officer MaryAnn Peterson Kanary exercised 3,619 Restricted Stock Units into an equivalent number of shares of common stock on August 7, 2026. Of the common shares received, 1,578 shares were delivered or withheld at $31.40 per share to cover the exercise price or tax liability.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,041 shares
Net Buy
3 txns
Insider
Kanary MaryAnn Peterson
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F1, F3 | 3,619 | $0.00 | $0.00 |
| Exercise | Common stock F1 | 3,619 | -- | -- |
| Exercise Price or Tax Liability | Common stock | 1,578 | $31.40 | $50K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common stock — 16,344 shares (Direct)
Footnotes (3)
- F1. 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.
- F2. These are restricted stock units (RSUs) granted to the reporting person on August 7, 2023, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated.
- 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 the date of the grant.
Key Figures
RSUs exercised: 3,619 units
Shares delivered/withheld: 1,578 shares
Per-share price for withholding: $31.40 per share
3 metrics
RSUs exercised
3,619 units
Restricted Stock Units converted into common stock on August 7, 2026
Shares delivered/withheld
1,578 shares
Common stock delivered or withheld for exercise price or tax liability
Per-share price for withholding
$31.40 per share
Price applied to 1,578 common shares delivered or withheld
Key Terms
Restricted Stock Units, 2021 Omnibus Incentive Plan, tax liability
3 terms
Restricted Stock Units financial
"These are restricted stock units (RSUs) granted to the reporting person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Omnibus Incentive Plan financial
"under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended"
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity transaction did CPS report for MaryAnn Peterson Kanary?
Cooper-Standard Holdings Inc. (CPS) reported that MaryAnn Peterson Kanary exercised 3,619 RSUs into common stock, with 1,578 shares delivered or withheld at $31.40 per share for exercise price or tax liability.
How many RSUs did the CPS executive convert to common stock?
The CPS executive converted 3,619 Restricted Stock Units into 3,619 shares of common stock. The company settles vested RSUs by book-entry issuance of an equal number of common shares in the reporting person’s name.
What derivative security was involved in the CPS Form 4 filing?
The filing involved Restricted Stock Units (RSUs) that were granted under the Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan and later vested, resulting in book-entry issuance of common stock to the reporting person.
When were the RSUs in the CPS filing originally granted?
The Restricted Stock Units were granted on August 7, 2023 under the Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, with one-third scheduled to vest on each of the first three anniversaries of the grant date.