Director at Cooper-Standard (NYSE: CPS) granted 3,937 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
REMENAR ROBERT J reported acquisition or exercise transactions in this Form 4 filing.
Cooper-Standard Holdings Inc. reported that director Robert J. Remenar received a grant of 3,937 time-based restricted stock units (RSUs) on common stock as director compensation. The RSUs were granted at no cash cost to him under the company’s 2021 Omnibus Incentive Plan.
Subject to his continued service as a director, these RSUs vest on the earlier of the first anniversary of the May 14, 2026 grant date or the date of the first annual shareholders meeting after that grant date, subject to any deferral election. After this grant, he holds 3,937 RSUs. The company may settle vested RSUs in either shares or cash equal to the fair market value at vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
REMENAR ROBERT J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,937 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,937 shares (Direct, null)
Footnotes (1)
- These are time-based restricted stock units (RSUs) granted to the reporting person on May 14, 2026, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated. The company, in its sole discretion, settles such RSU'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 RSU'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 RSU's that have vested. Subject to the reporting person's continued service as a director, these RSU's vest and are no longer subject to forfeiture on the earlier of the first anniversary of the grant date or the date of the first annual shareholders meeting of the company that occurs after the grant date, subject to the director's deferral election, if applicable.
Key Figures
RSUs granted: 3,937 units
Grant price: $0.00 per RSU
RSU holdings after grant: 3,937 units
3 metrics
RSUs granted
3,937 units
Time-based RSU award on May 14, 2026
Grant price
$0.00 per RSU
Compensation grant, no cash paid by director
RSU holdings after grant
3,937 units
Total restricted stock units following transaction
Key Terms
Restricted Stock Units, 2021 Omnibus Incentive Plan, fair market value, vesting date, +1 more
5 terms
Restricted Stock Units financial
"These are time-based 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 and restated"
fair market value financial
"deliver an amount of cash equal to the fair market value, determined as of the vesting date"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
vesting date financial
"fair market value, determined as of the vesting date, of a number of shares"
time-based restricted stock units financial
"These are time-based restricted stock units (RSUs) granted to the reporting person"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
FAQ
What did Cooper-Standard (CPS) disclose in this Form 4 filing?
Cooper-Standard disclosed that director Robert J. Remenar received 3,937 restricted stock units as a compensation award. These RSUs relate to the company’s common stock and were granted under the 2021 Omnibus Incentive Plan at no cash cost to the director.
How many RSUs did Cooper-Standard (CPS) grant to director Robert J. Remenar?
The director received a grant of 3,937 restricted stock units tied to Cooper-Standard common stock. This award represents his entire reported RSU holding following the transaction, as total RSUs owned after the grant are also shown as 3,937 units in the filing.
When do the newly granted Cooper-Standard (CPS) RSUs vest for the director?
The RSUs vest once the director continues serving until the earlier of the first anniversary of the May 14, 2026 grant or the first annual shareholders meeting after that date. Vesting is also subject to any applicable director deferral election described in the plan terms.
How can the Cooper-Standard (CPS) RSUs be settled when they vest?
When the RSUs vest, Cooper-Standard may choose to settle them in shares or cash. The company can either record shares for the director or pay cash equal to the fair market value of the vested share-equivalent amount on the vesting date.
Is this Cooper-Standard (CPS) Form 4 transaction an open-market stock purchase or sale?
No, the transaction reflects a grant of restricted stock units as compensation, not an open-market trade. The RSUs were awarded at a stated price of zero, with future value depending on settlement in shares or cash when the units vest under plan conditions.