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Cooper-Standard Holdings Inc.·4

Feb 17, 4:18 PM ET

Venkatasubramanian Somasundhar 4

Research Summary

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Updated

Cooper-Standard (CPS) SVP V. Somasundhar Sells 3,226 Shares

What Happened Venkatasubramanian Somasundhar, Senior Vice President, Chief Information Technology and AI Officer at Cooper-Standard (CPS), had 3,226 performance-based units/derivatives converted and settled for cash on Feb 12, 2026, producing proceeds of $110,168 (3,226 x $34.15). On the same date he was also granted new equity awards: 3,762 time-based RSUs and 3,370 performance-based PSUs (derivative awards) under the company’s 2021 Omnibus Incentive Plan.

Key Details

  • Transaction date: February 12, 2026; Form 4 filed Feb 17, 2026 (the filing was posted five calendar days after the transactions).
  • Sale/settlement: 3,226 derivative units converted/settled to the issuer for $34.15 each = $110,168 (Disposition code D; Conversion/Exercise code M).
  • New awards: 3,762 RSUs (time‑based) and 3,370 PSUs (performance‑based) granted (code A); both recorded at $0.00 per share because they are deferred/conditional awards.
  • Shares owned after transaction: Not specified in this Form 4.
  • No 10b5-1 plan or other sale program is disclosed in the filing.
  • Relevant footnotes:
    • RSUs (3,762) are time-based and vest one‑third on each of the first three anniversaries of March 1, 2026 (F2, F3, F4).
    • PSUs (3,370) are performance-based (granted Feb 12, 2025) and vest/settle subject to continued employment through March 1, 2028 (F5, F6, F7).
    • The 3,226 settled units relate to earlier PSUs deemed to have met performance criteria and were settled (cash or book entry) following vesting (F1, F6, F8, F9).

Context

  • This was not an open‑market sale to a third party; the filing shows conversion/settlement of vested performance units and a disposition to the issuer (cash settlement), which is common for PSU/RSU settlement or tax withholding arrangements rather than an indicator of immediate market selling pressure.
  • The filing also shows new deferred awards (RSUs and PSUs) that vest in future years, so the reporting person increased future equity compensation while receiving cash for vested units.