Freeland Richard Joseph 4
4 · Cooper-Standard Holdings Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Cooper-Standard (CPS) Director Richard Freeland Receives RSU Award
What Happened
Richard Freeland, a director of Cooper‑Standard Holdings, was granted 3,937 restricted stock units (RSUs) on May 14, 2026. The Form 4 reports the award as a derivative acquisition (code A) at $0.00 per share (typical for equity compensation grants). This was an award/compensation grant — not an open‑market purchase or sale.
Key Details
- Transaction date: May 14, 2026; Form 4 filed May 18, 2026 (filed within the SEC’s two business‑day reporting window).
- Grant: 3,937 time‑based RSUs; reported acquisition price $0.00 (derivative award).
- Shares owned after transaction: not disclosed in the provided filing excerpt — see the full Form 4 for total holdings.
- Footnotes of note:
- F1: RSUs granted under the Cooper‑Standard 2021 Omnibus Incentive Plan.
- F2: Company may settle vested RSUs either by issuing shares or paying cash equal to the fair market value at vesting.
- F3: Vesting occurs 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 director deferral election.
Context
This is a routine director compensation award rather than a market trade. Awards like RSUs are commonly used to align director interests with shareholders; they do not by themselves signal buying or selling intent. Because the company can settle vested RSUs in either shares or cash, the ultimate dilution or cash effect will depend on the company’s election at vesting.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2][F3]2026-05-14+3,937→ 3,937 total→ Common stock (3,937 underlying)
Footnotes (3)
- [F1]These are time-based restricted stock units (RSUs) granted to the reporting person on May 14, 2026, under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated.
- [F2]The company, in its sole discretion, settles such RSU's by electing either to (i) make an appropriate book entry in the reporting person's name for a number of shares equal to the number of RSU's that have vested or (ii) deliver an amount of cash equal to the fair market value, determined as of the vesting date, of a number of shares equal to the number of RSU's that have vested.
- [F3]Subject to the reporting person's continued service as a director, these RSU's vest and are no longer subject to forfeiture on the earlier of the first anniversary of the grant date or the date of the first annual shareholders meeting of the company that occurs after the grant date, subject to the director's deferral election, if applicable.