CPS officer granted RSUs, PSUs and disposes shares
Cooper-Standard Holdings Inc. reported insider equity awards and related transactions for Senior Vice President, Chief Legal Officer and Secretary MaryAnn Peterson Kanary.
Rhea-AI Filing Summary
Cooper-Standard Holdings Inc. reported insider equity awards and related transactions for Senior Vice President, Chief Legal Officer and Secretary MaryAnn Peterson Kanary. On February 12, 2026, she received 8,325 time-based restricted stock units and 6,984 performance stock units under the company’s 2021 Omnibus Incentive Plan.
On the same date, 5,130 performance stock units were exercised into 5,130 shares of common stock, increasing her directly owned common stock to 13,077 shares. She then reported a disposition to the issuer of 5,130 common shares at $34.15, leaving 7,947 common shares held directly. The RSUs and PSUs vest over time, subject to continued employment and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,130 shares exercised/converted
Exercise
5 txns
Insider
Kanary MaryAnn Peterson
Role
See remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 8,325 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units | 6,984 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 5,130 | $0.00 | $0.00 |
| Exercise | Common stock | 5,130 | $0.00 | $0.00 |
| Disposition | Common stock | 5,130 | $34.15 | $175K |
Holdings After Transaction:
Restricted Stock Units — 8,325 contracts (Direct);
Performance Stock Units — 6,984 contracts (Direct);
Common stock — 7,947 shares (Direct)
Footnotes (9)
- 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. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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
- F9. 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 officer MaryAnn Peterson Kanary report?
MaryAnn Peterson Kanary reported equity awards and related share movements. She received 8,325 restricted stock units and 6,984 performance stock units, exercised 5,130 performance units into common shares, and then reported a disposition of 5,130 common shares to the issuer at $34.15 per share.
How many RSUs and PSUs did the CPS executive receive on February 12, 2026?
On February 12, 2026, the executive received 8,325 time-based restricted stock units and 6,984 performance stock units. Both awards were granted under Cooper-Standard Holdings Inc.’s 2021 Omnibus Incentive Plan, as amended and restated, and are subject to specified vesting and employment conditions.
What happened to the 5,130 Cooper-Standard performance stock units reported in this Form 4?
The 5,130 performance stock units were exercised or converted into 5,130 shares of common stock at a zero exercise price. After this derivative conversion, those units were no longer held, and the corresponding common shares were then subject to a reported disposition to the issuer.
How do the newly granted CPS restricted stock units vest for the executive?
The 8,325 restricted stock units vest in three equal installments, one-third on each of the first three anniversaries of March 1, 2026. Vesting occurs only if the executive remains employed with Cooper-Standard or its affiliates through each applicable vesting date, reducing forfeiture risk over time.
What are the vesting conditions for the new Cooper-Standard performance stock units?
The 6,984 performance stock units relate to performance criteria for the year ended December 31, 2025, deemed satisfied on February 12, 2026. These units will vest and settle on or as soon as practicable after March 1, 2028, if the executive remains employed through that date.
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