Cooper-Standard (NYSE: CPS) officer converts RSUs, surrenders shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cooper-Standard Holdings Inc. officer Venkatasubramanian Somasundhar reported multiple equity award transactions dated March 1, 2026. He exercised or converted restricted stock units into common shares in several blocks, including 2,276, 2,143 and 2,415 shares, at a stated price of $0.0000 per share.
To cover tax liabilities tied to these vestings, he disposed of 651, 613 and 691 common shares at $38.44 per share under transaction code “F,” which indicates tax-withholding dispositions rather than open-market sales. After these transactions, his directly owned common stock holdings were reported as 24,454 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,834 shares exercised/converted
Mixed
9 txns
Insider
Venkatasubramanian Somasundhar
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,276 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,143 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,415 | $0.00 | -- |
| Exercise | Common stock | 2,276 | $0.00 | -- |
| Tax Withholding | Common stock | 651 | $38.44 | $25K |
| Exercise | Common stock | 2,143 | $0.00 | -- |
| Tax Withholding | Common stock | 613 | $38.44 | $24K |
| Exercise | Common stock | 2,415 | $0.00 | -- |
| Tax Withholding | Common stock | 691 | $38.44 | $27K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common stock — 21,851 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 officer Venkatasubramanian Somasundhar report on March 1, 2026?
He reported exercises of restricted stock units into common stock and related tax-withholding dispositions. Several RSU grants vested and converted into shares, while smaller share blocks were surrendered at $38.44 per share to satisfy tax obligations tied to these equity awards.
Did the CPS Form 4 show open-market buying or selling by the insider?
The filing shows derivative exercises and tax-withholding dispositions, not open-market trades. Code “M” entries reflect RSUs converting into common stock, while code “F” entries represent shares delivered back to the company to cover tax liabilities from those vestings.
What was Venkatasubramanian Somasundhar’s CPS common stock holding after these transactions?
Following the reported March 1, 2026 transactions, his directly owned Cooper-Standard common stock position was 24,454 shares. This figure reflects the net result of restricted stock unit conversions into shares and the smaller tax-withholding share dispositions reported in the Form 4.
How are Cooper-Standard RSUs settled for Somasundhar according to the filing?
The filing states that the company settles vested RSUs by making a book entry in the reporting person’s name. The number of common shares recorded equals the number of RSUs that have vested, aligning with the derivative exercises reported under transaction code “M.”