Clark Patrick 4

What Happened

• Patrick Clark, President, Sealing Systems and Chief Manufacturing Officer of Cooper-Standard (CPS), had 9,676 derivative shares converted and then disposed to the issuer on Feb 12, 2026 for $34.15 each, generating $330,435. At the same time he was granted new equity awards: 11,100 RSUs and 9,803 PSUs (both reported as acquisitions at $0.00).
• The disposed shares relate to vested performance-based units that the company settles in cash (see footnotes). The grants are time- and performance-based restricted stock units that vest on specified future dates subject to continued employment.

Key Details

• Transaction date: Feb 12, 2026.
• Sale/disposition: 9,676 shares disposed to issuer at $34.15 per share = $330,435 (code D). Conversion/exercise entries (code M) show the derivative units vesting/being converted.
• Grants: 11,100 RSUs (time-based) and 9,803 PSUs (performance-based) granted on Feb 12, 2026 (code A) at $0.00 (no cash outlay now).
• Vesting/settlement notes: Company may settle PSUs in cash equal to the fair market value or by book entry of shares (F1, F7). Some PSUs were deemed to have met performance criteria and vested (F6, F9); other awards carry multi-year service vesting schedules (F5, F8, F10).
• Shares owned after the transactions: not specified in the filing.
• Filing timeliness: Report filed Feb 17, 2026 for Feb 12 transactions — appears later than the typical 2-business-day Form 4 reporting window.

Context

• These transactions involve conversion/settlement of vested RSUs/PSUs and new awards. The disposition to the issuer combined with the footnotes indicates the company settled vested performance awards in cash (rather than delivering shares) for the amounts reported.
• Grants (RSUs/PSUs) are common executive compensation and are subject to future vesting conditions; they do not represent an immediate open-market purchase or sale of company stock.