CPS CEO reports RSU, PSU grants and share disposition
Cooper-Standard Holdings chairman and CEO Jeffrey S. Edwards reported several equity award transactions dated February 12, 2026.
Rhea-AI Filing Summary
Cooper-Standard Holdings chairman and CEO Jeffrey S. Edwards reported several equity award transactions dated February 12, 2026. He received 46,867 restricted stock units and 46,561 performance stock units under the company’s 2021 Omnibus Incentive Plan.
On the same date, 49,024 performance stock units were exercised into 49,024 shares of common stock, followed by a disposition of 49,024 common shares back to the company at $34.15 per share. After these transactions, Edwards directly held 318,742 common shares, with additional indirect holdings of 13,200 shares by an irrevocable family trust and 22,900 shares by a revocable living trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 46,867 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 46,561 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 49,024 | $0.00 | $0.00 |
| Exercise | Common stock | 49,024 | $0.00 | $0.00 |
| Disposition | Common stock | 49,024 | $34.15 | $1.67M |
| holding | Common stock | -- | -- | -- |
| holding | Common stock | -- | -- | -- |
Footnotes (11)
- 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. Shares held by an irrevocable family trust for which the Reporting Person's spouse is a beneficiary. The Reporting Person disclaims beneficial ownership of the stock held by the trust except to the extent of his pecuniary interest therein.
- F3. Shares held by a revocable living trust for which Reporting Person is the sole trustee.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. 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
- F11. 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 chairman Jeffrey S. Edwards report on February 12, 2026?
How many Cooper-Standard (CPS) restricted and performance stock units were granted to Jeffrey S. Edwards?
How are Jeffrey S. Edwards’ Cooper-Standard (CPS) performance stock units settled?
What vesting conditions apply to Jeffrey S. Edwards’ new Cooper-Standard (CPS) RSU and PSU awards?
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