Cooper-Standard (CPS) Director John G. Boss Receives RSU Award

What Happened

• John G. Boss, a director of Cooper-Standard Holdings Inc. (CPS), received a grant of 3,937 time‑based restricted stock units (RSUs) and had previously granted RSUs converted/vested on May 14, 2026. The filing shows conversion/exercise of 7,527 derivative units and a contemporaneous disposal (withholding) of 7,527 shares to satisfy tax obligations. The RSU award is reported at $0 on the Form 4 (common for equity awards reported as units); no open‑market purchase or cash sale of shares occurred.

Key Details

• Transaction date: May 14, 2026; Form 4 filed May 18, 2026 (filed on time).
• Items reported:
  • Exercise/conversion (code M): 7,527 shares acquired (derivative conversion).
  • Grant/award (code A): 3,937 RSUs granted @ $0.00 (reported value $0).
  • Exercise/conversion (code M) / disposition: 7,527 shares disposed @ $0.00 (withholding to cover taxes).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Company may settle vested RSUs either by issuing shares or paying cash equal to the fair market value at vesting.
  • F2/F4: The 3,937 RSUs were granted 5/14/2026; the converted 7,527 likely relate to prior RSUs (granted 5/15/2025).
  • F3: Vesting occurs on the earlier of the first anniversary of the grant or the first annual shareholders’ meeting after grant, subject to continued service.

Context

• This appears to be routine equity compensation and vesting activity for a director: previously granted RSUs vested (converted) and the company withheld shares (a net/share withholding or "cashless" settlement) to cover taxes. Such transactions are standard compensation events and are not the same as the insider buying or selling stock in the open market.