Equity awards vest for Cooper-Standard (NYSE: CPS) officer with tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cooper-Standard Holdings Inc. reported that officer MaryAnn Peterson Kanary had restricted stock units (RSUs) vest on March 1, 2026 under the company’s 2021 Omnibus Incentive Plan. RSU tranches of 3,897 and 5,006 units converted into an equal number of common shares at no cash cost to her.
In connection with these vestings, the company withheld 1,115 and 1,432 common shares at a price of $38.44 per share to cover tax obligations, which is recorded as a disposition but not an open-market sale. After these transactions, she continued to hold common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,903 shares exercised/converted
Mixed
6 txns
Insider
Kanary MaryAnn Peterson
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,897 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,006 | $0.00 | -- |
| Exercise | Common stock | 3,897 | $0.00 | -- |
| Tax Withholding | Common stock | 1,115 | $38.44 | $43K |
| Exercise | Common stock | 5,006 | $0.00 | -- |
| Tax Withholding | Common stock | 1,432 | $38.44 | $55K |
Holdings After Transaction:
Restricted Stock Units — 3,897 shares (Direct);
Common stock — 11,844 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 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 report for MaryAnn Peterson Kanary?
Cooper-Standard (CPS) reported RSU vesting and related share tax withholdings for officer MaryAnn Peterson Kanary. On March 1, 2026, two RSU grants converted into common stock, and a portion of shares was withheld to satisfy tax liabilities rather than sold on the market.
How many Cooper-Standard CPS RSUs vested in this Form 4 filing?
Two RSU tranches vested for Cooper-Standard (CPS) officer MaryAnn Peterson Kanary. Awards covering 3,897 and 5,006 restricted stock units converted into the same number of common shares, reflecting time-based vesting under the company’s 2021 Omnibus Incentive Plan, as amended and restated.
Under which plan were the CPS RSUs granted to the officer?
The RSUs for the Cooper-Standard (CPS) officer were granted under the Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated. Footnotes describe these as time-based restricted stock units vesting in one-third increments over three years, subject to continued employment.
How do CPS RSUs for this officer vest over time?
For Cooper-Standard (CPS), the footnotes state that one third of the RSUs vest on each of the first three anniversaries of March 1, 2024, and March 1, 2025, respectively. Vesting continues only if the reporting person remains employed with the company or its affiliates.