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Cooper-Standard Holdings Inc.·4

Feb 17, 4:18 PM ET

Ott Larry 4

Research Summary

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Cooper-Standard (CPS) SVP/CHRO Larry Ott Sells 6,219 Shares

What Happened
Larry Ott, Senior Vice President and Chief Human Resources Officer of Cooper-Standard Holdings (CPS), had 6,219 derivative units converted/settled and those 6,219 shares were disposed back to the issuer at $34.15 per share for a total of $212,379 on Feb 12, 2026. The Form 4 also reports new awards: 6,660 time-based RSUs and 6,065 PSUs granted on Feb 12, 2026 (recorded at $0 as awards). The sale/disposition appears to be a company settlement/withholding related to vested RSUs/PSUs rather than an open-market sale.

Key Details

  • Transaction date(s): Feb 12, 2026; Form 4 filed Feb 17, 2026 (filed 5 days after the transactions).
  • Sale/disposition: 6,219 shares disposed to issuer at $34.15/share = $212,379. (Transaction codes: M = exercise/conversion of derivative; D = disposition to issuer; A = award/grant.)
  • Awards reported: 6,660 RSUs (time-based) and 6,065 PSUs (performance-based) granted/credited on Feb 12, 2026.
  • Shares owned after transaction: not disclosed in this filing.
  • Notable footnotes: company may settle PSUs in cash or shares; RSUs/PSUs are subject to continued employment and specified vesting schedules (see footnotes re: March 1, 2026/2028 and Feb 12/Dec 31 vesting conditions). The disposition to the issuer is consistent with tax withholding or settlement rather than an open-market sale.
  • Timeliness: Filing date is five days after the transaction — later than the typical 2-business-day Form 4 requirement; this may reflect an administrative delay.

Context
This appears to be a routine settlement/withholding tied to vesting of restricted and performance stock units (derivative instruments), not a discretionary open-market sale. For derivative-related entries, "exercise/conversion" plus immediate disposition to the issuer commonly indicates shares were converted and then surrendered to the company (often to satisfy tax withholding). Such awards are common for executives and — while they result in a cash payment — do not necessarily signal a personal decision to divest equity for investment reasons.