Form 4: Clark Patrick reports multiple insider transactions in CPS
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clark Patrick reported multiple insider transaction types in a Form 4 filing for CPS. The filing lists transactions totaling 49,931 shares at a weighted average price of $34.15 per share. Following the reported transactions, holdings were 11,100 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,676 shares exercised/converted
Mixed
6 txns
Insider
Clark Patrick
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 11,100 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 9,803 | $0.00 | -- |
| Exercise | Performance Stock Units | 9,676 | $0.00 | -- |
| Exercise | Common stock | 9,676 | $0.00 | -- |
| Disposition | Common stock | 9,676 | $34.15 | $330K |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 11,100 shares (Direct);
Performance Stock Units — 9,803 shares (Direct);
Common stock — 9,676 shares (Direct);
Common stock — 42,494 shares (Indirect, By Trust)
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. Revocable family trust for which Reporting Person is the sole trustee. 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 Cooper-Standard (CPS) officer Patrick Clark report?
Patrick Clark reported equity award activity including new grants and a share disposition. He received 11,100 restricted stock units and 9,803 performance stock units, exercised 9,676 performance stock units into shares, then transferred 9,676 shares back to the issuer at $34.15 per share.
How many restricted and performance stock units did CPS grant to Patrick Clark?
Cooper-Standard granted Patrick Clark 11,100 restricted stock units and 9,803 performance stock units. These awards were issued under the 2021 Omnibus Incentive Plan and vest over time, subject to continued employment and, for performance units, achievement of specified performance criteria.
Under which plan were Patrick Clark’s CPS equity awards granted?
The restricted stock units and performance stock units reported for Patrick Clark were granted under the Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated. This plan governs time-based RSUs and performance-based stock units with vesting and settlement conditions.