Cooper-Standard (NYSE: CPS) CFO logs RSU vesting and tax share offsets
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cooper-Standard Holdings EVP and CFO Jonathan P. Banas reported multiple equity transactions on March 1, 2026. Time-based restricted stock units granted in 2023, 2024 and 2025 under the 2021 Omnibus Incentive Plan vested and were settled in common stock at no cost. Some shares were disposed at $38.44 per share to satisfy tax obligations, leaving him with 67,277 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
23,671 shares exercised/converted
Mixed
9 txns
Insider
Banas Jonathan P
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,509 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,598 | $0.00 | -- |
| Exercise | Restricted Stock Units | 8,564 | $0.00 | -- |
| Exercise | Common stock | 7,509 | $0.00 | -- |
| Tax Withholding | Common stock | 3,274 | $38.44 | $126K |
| Exercise | Common stock | 7,598 | $0.00 | -- |
| Tax Withholding | Common stock | 3,313 | $38.44 | $127K |
| Exercise | Common stock | 8,564 | $0.00 | -- |
| Tax Withholding | Common stock | 3,734 | $38.44 | $144K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common stock — 61,436 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 insider transactions did CPS EVP and CFO Jonathan P. Banas report?
Jonathan P. Banas reported multiple equity transactions on March 1, 2026, including exercises of restricted stock units into common stock at no cost and related share dispositions at $38.44 per share to cover tax liabilities tied to the RSU vesting.
What type of equity awards did the Cooper-Standard CFO exercise in this Form 4 filing?
The filing shows exercises of time-based restricted stock units, or RSUs, granted in 2023, 2024 and 2025 under Cooper-Standard Holdings Inc.’s 2021 Omnibus Incentive Plan, as amended and restated, which were settled by delivering an equivalent number of common shares.
Were the restricted stock units in this CPS Form 4 performance-based or time-based?
The filing specifies these are time-based restricted stock units. Each grant vests in three equal annual installments, contingent on Jonathan P. Banas’s continued employment with Cooper-Standard or its affiliates through the applicable March 1 vesting dates.