Clark Patrick 4

What Happened Clark Patrick, President, Sealing Systems and Chief Manufacturing Officer of Cooper-Standard Holdings (CPS), had time‑based restricted stock units (RSUs) vest and be settled on March 1, 2026. A total of 20,086 RSUs were exercised/converted (6,826 + 6,234 + 7,026). To cover tax liabilities, 8,760 shares were surrendered/withheld at $38.44 per share for total cash value of $336,734 (three withholdings: $114,436; $104,518; $117,780). Additionally, 11,326 shares were transferred as a gift to a revocable family trust for which he is sole trustee.

Key Details

• Transaction date: March 1, 2026; filing date: March 3, 2026 (timely filing).
• Derivative/exercise entries: 20,086 RSUs converted (codes M); tax withholding entries: 2,977 + 2,719 + 3,064 = 8,760 shares (code F) at $38.44/share, total ~$336,734.
• Gift: 11,326 shares transferred (code G) to a revocable family trust (footnote F2).
• Footnotes: RSUs were time‑based grants from 2023, 2024 and 2025 (F3–F8); the company settles vested RSUs by book entry in the reporting person’s name (F1).
• Shares owned after the transaction are not specified in the excerpt of this filing.

Context

• These were RSU settlements (not open‑market purchases). The tax liability was satisfied by surrendering shares (share‑withholding), a common administrative step and not necessarily a directional signal about sentiment. Gifts to a family trust are personal transfers and do not indicate a market view.