Couch Christopher 4

What Happened
Christopher Couch, President, Fluid Handling Systems and Chief Technology Officer of Cooper‑Standard (CPS), had a derivative conversion and immediate disposition on Feb 12, 2026: 6,257 shares were converted/exercised and disposed to the issuer at $34.15 per share, generating $213,677. On the same date he was granted compensation awards: 11,100 time‑based restricted stock units (RSUs) and 9,803 performance‑based stock units (PSUs) (both reported at $0.00 per unit as awards).

Key Details

• Transaction date: Feb 12, 2026; Form 4 filed Feb 17, 2026 (filed one business day late).
• Sale/disposition: 6,257 shares to the issuer at $34.15 each = $213,677. (Reported as exercise/conversion of a derivative followed by disposition.)
• Awards received: 11,100 RSUs (granted Feb 12, 2026) and 9,803 PSUs (reported in connection with performance determinations).
• Vesting/settlement notes: RSUs vest one‑third on each of the first three anniversaries beginning March 1, 2026. Certain PSUs are subject to continued employment and future vesting/settlement dates; the company may settle PSUs in shares or cash. (See filing footnotes for details.)
• Shares owned after transaction: Not disclosed in the filing.
• Filing timeliness: Late (filed Feb 17 for a Feb 12 transaction; Form 4 due within two business days).

Context
The 6,257 shares were the result of a derivative conversion/exercise and were immediately surrendered to the issuer — a common way to cover tax withholding or settle awards rather than an open‑market sale. The new RSU/PSU grants are compensation awards with future vesting conditions and do not necessarily indicate immediate bullish or bearish sentiment. This is executive compensation and routine insider activity; purchases are generally considered more informative about insider conviction than awards or routine settlements.