Cooper-Standard director awarded 3,937 RSUs
REMENAR ROBERT J reported acquisition or exercise transactions in this Form 4 filing.
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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,937 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. 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
Key Terms
Restricted Stock Units financial
2021 Omnibus Incentive Plan financial
fair market value financial
vesting date financial
time-based restricted stock units financial
FAQ
What did Cooper-Standard (CPS) disclose in this Form 4 filing?
How many RSUs did Cooper-Standard (CPS) grant to director Robert J. Remenar?
When do the newly granted Cooper-Standard (CPS) RSUs vest for the director?
How can the Cooper-Standard (CPS) RSUs be settled when they vest?
Is this Cooper-Standard (CPS) Form 4 transaction an open-market stock purchase or sale?
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