Cooper-Standard (NYSE: CPS) grants RSUs, PSUs and settles prior awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cooper-Standard Holdings Inc. executive Christopher Couch reported multiple equity compensation transactions dated February 12, 2026. He received 11,100 time-based restricted stock units and 9,803 performance stock units under the company’s 2021 Omnibus Incentive Plan at a price of $0 per unit.
On the same date, 6,257 performance stock units were exercised and converted into 6,257 shares of common stock, followed by a disposition of 6,257 common shares to the issuer at $34.15 per share. After these transactions, Couch directly owned 31,127 shares of common stock, plus 11,100 RSUs and 9,803 PSUs, all subject to the plan’s vesting and settlement terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,257 shares exercised/converted
Mixed
5 txns
Insider
Couch Christopher
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 11,100 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 9,803 | $0.00 | -- |
| Exercise | Performance Stock Units | 6,257 | $0.00 | -- |
| Exercise | Common stock | 6,257 | $0.00 | -- |
| Disposition | Common stock | 6,257 | $34.15 | $214K |
Holdings After Transaction:
Restricted Stock Units — 11,100 shares (Direct);
Performance Stock Units — 9,803 shares (Direct);
Common stock — 37,384 shares (Direct)
Footnotes (1)
- 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. 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. 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. 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. 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. 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. 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. 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 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 executive Christopher Couch report?
Christopher Couch reported grants of restricted and performance stock units, an exercise of performance stock units into common stock, and a related share disposition to the issuer. These actions reflect equity compensation and do not by themselves indicate a change in the company’s underlying business performance.
How many restricted and performance stock units did CPS grant to Christopher Couch?
Cooper-Standard granted Christopher Couch 11,100 restricted stock units and 9,803 performance stock units on February 12, 2026. Both awards were issued at a price of $0 per unit under the company’s 2021 Omnibus Incentive Plan, subject to future vesting and settlement conditions.
How do Christopher Couch’s CPS RSUs vest over time?
The 11,100 restricted stock units vest in three equal installments, one-third on each of the first three anniversaries of March 1, 2026, assuming continued employment. Upon vesting, the company records the corresponding number of shares in his name, removing forfeiture restrictions.
How are CPS performance stock units held by Christopher Couch settled?
Cooper-Standard may settle performance stock units either by recording shares in Christopher Couch’s name or by paying cash equal to the fair market value of the vested units. Vesting depends on performance criteria and continued employment through specified future dates before settlement occurs.