REMENAR ROBERT J 4
Research Summary
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Cooper-Standard (CPS) Director Robert J. Remenar Receives RSU Award
What Happened Robert J. Remenar, a director of Cooper‑Standard Holdings Inc. (CPS), was granted 3,937 time‑based restricted stock units (RSUs) on May 14, 2026. The RSUs were granted at $0.00 (a standard equity award rather than an open‑market purchase), and are derivative awards that may be settled in shares or cash when they vest.
Key Details
- Transaction date: May 14, 2026; Form 4 filed May 18, 2026 (timely under the two‑business‑day filing rule).
- Grant type/code: A = Award/Grant (3,937 RSUs). Reported acquisition price: $0.00.
- Vesting: RSUs vest (and are no longer forfeitable) on the earlier of the first anniversary of the grant or the first annual shareholders meeting after the grant, subject to continued service and any deferral election.
- Settlement: Company may settle vested RSUs either by issuing shares or paying cash equal to the fair market value of vested shares at vesting.
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnotes: Awards granted under the Cooper‑Standard 2021 Omnibus Incentive Plan (as amended and restated). No 10b5‑1 plan or tax‑withholding sale is indicated.
Context This was a standard director compensation grant (time‑based RSUs), not a purchase or sale in the open market. Such grants are routine for non‑employee directors and reflect compensation rather than an explicit trading signal. Because the award vests only after continued service (or on the specified event) and can be settled in cash or stock, it represents potential future equity exposure rather than immediate ownership of shares.