Kanary MaryAnn Peterson bought CPS

February 14, 2024 · Form 4 insider transaction

Kanary MaryAnn Peterson bought 10,856 shares of Cooper-Standard Holdings Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.

Direction
Acquired (buy-side)
Shares
10,856
Price
$0.00
Total value
N/A
Role
SecurityPerformance Stock Units
Transaction codeA: Grant or award
Transaction dateFebruary 14, 2024
Filing dateFebruary 16, 2024
Shares owned after10,856
OwnershipDirect
10b5-1 planNo
AmendedNo

Footnotes

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, 2023, as determined by the Company on February 14, 2024. The number of PSUs ultimately deemed to be earned for the grant made on February 15, 2023 will be determined following the end of the year ending December 31, 2024.; The Company in its sole discretion settles such 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.; Represents the date on which the Company determined the number of PSUs actually achieved by the reporting person based on the achievement of certain performance vesting criteria.; Subject to the reporting person's continued employment with the company or its affiliates through December 31, 2024, these PSUs shall vest and no longer be subject to forfeiture and will settle at the time of the final determination of satisfaction of performance criteria for the remaining portion of the PSU, which remains subject to certain performance-based vesting conditions for the year ending December 31, 2024.

View the original Form 4 on SEC EDGAR