0001320461-24-000030.txt : 20240216
0001320461-24-000030.hdr.sgml : 20240216
20240216132446
ACCESSION NUMBER: 0001320461-24-000030
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240214
FILED AS OF DATE: 20240216
DATE AS OF CHANGE: 20240216
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Clark Patrick
CENTRAL INDEX KEY: 0001762564
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36127
FILM NUMBER: 24647253
MAIL ADDRESS:
STREET 1: 40300 TRADITIONS DRIVE
CITY: NORTHVILLE
STATE: MI
ZIP: 48168
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Cooper-Standard Holdings Inc.
CENTRAL INDEX KEY: 0001320461
STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714]
ORGANIZATION NAME: 04 Manufacturing
IRS NUMBER: 201945088
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 40300 TRADITIONS DRIVE
CITY: NORTHVILLE
STATE: MI
ZIP: 48168
BUSINESS PHONE: 248-596-5900
MAIL ADDRESS:
STREET 1: 40300 TRADITIONS DRIVE
CITY: NORTHVILLE
STATE: MI
ZIP: 48168
FORMER COMPANY:
FORMER CONFORMED NAME: CSA Acquisition Corp.
DATE OF NAME CHANGE: 20050311
4
1
wk-form4_1708107877.xml
FORM 4
X0508
4
2024-02-14
0
0001320461
Cooper-Standard Holdings Inc.
CPS
0001762564
Clark Patrick
40300 TRADITIONS DRIVE
NORTHVILLE
MI
48168
0
1
0
0
See Remarks
0
Restricted Stock Units
2024-02-14
4
A
0
18703
0
A
Common stock
18703
18703
D
Performance Stock Units
2024-02-14
4
A
0
10166
0
A
Common stock
10166
10166
D
Performance Stock Units
2024-02-14
4
A
0
20478
0
A
Common stock
20478
20478
D
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.
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 March 1, 2024.
Represents performance-based stock units (PSUs) granted to the reporting person on February 16, 2022, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated, which were deemed to have satisfied applicable performance vesting criteria as determined by the Company on February 14, 2024.
The Company in its sole discretion settles such PSUs 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 PSUs that have vested or (ii) deliver 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 on or as soon as practicable following February 14, 2025.
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.
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.
President, Sealing Systems and Chief Manufacturing Officer
/s/ Denise Balog, on behalf of Patrick Clark, under Power of Attorney
2024-02-16