Cooper-Standard (NYSE: CPS) officer converts RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cooper-Standard Holdings Inc. officer Larry Ott reported multiple equity award transactions. On March 1, 2026, he exercised restricted stock units into common stock and disposed of some shares to cover tax obligations.
Several batches of restricted stock units granted under the 2021 Omnibus Incentive Plan vested and were settled in shares pursuant to time-based vesting conditions tied to continued employment. To satisfy tax withholding, Ott delivered common shares at a price of $38.44 per share in three separate tax-withholding dispositions. After these transactions, he directly owned 53,261 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
12,529 shares exercised/converted
Mixed
9 txns
Insider
Ott Larry
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,324 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,858 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,347 | $0.00 | -- |
| Exercise | Common stock | 4,324 | $0.00 | -- |
| Tax Withholding | Common stock | 1,152 | $38.44 | $44K |
| Exercise | Common stock | 3,858 | $0.00 | -- |
| Tax Withholding | Common stock | 1,013 | $38.44 | $39K |
| Exercise | Common stock | 4,347 | $0.00 | -- |
| Tax Withholding | Common stock | 1,648 | $38.44 | $63K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common stock — 48,869 shares (Direct)
Footnotes (1)
- 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. These are time-based restricted stock units (RSUs) granted to the reporting person on February 15, 2023, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan. 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 March 1, 2023 These are time-based restricted stock units (RSUs) granted to the reporting person on February 14, 2024, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan , as amended and restated. 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 March 1, 2024. These are time-based restricted stock units (RSUs) granted to the reporting person on February 12, 2025, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated. 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, 2025.
FAQ
What did Larry Ott report in this Form 4 for Cooper-Standard (CPS)?
Larry Ott reported exercises of restricted stock units into Cooper-Standard common stock and share dispositions for tax withholding. Multiple RSU awards vested and were settled in shares, with some of those shares delivered back to the company to satisfy tax liabilities tied to the vesting.
What types of transactions are coded M and F in this CPS Form 4?
Code M transactions reflect the exercise or conversion of derivative securities, here restricted stock units, into common shares. Code F transactions represent dispositions of shares used to pay the exercise price or related tax liabilities, functioning as share withholding rather than ordinary open-market sales.
What are the vesting terms of Larry Ott’s restricted stock units at Cooper-Standard?
The restricted stock units are time-based awards under the 2021 Omnibus Incentive Plan that vest in thirds over three years. One-third of each grant vests on each of the first three anniversaries of March 1 of the respective grant year, contingent on continued employment through each vesting date.
Were Larry Ott’s transactions open-market buys or sells of CPS stock?
The transactions were primarily equity award settlements and tax-withholding dispositions, not open-market trading. RSUs were converted into common stock via code M exercises, and shares coded F were delivered to satisfy tax liabilities associated with those vesting awards rather than discretionary market sales.