Rivas Maria 4
Research Summary
AI-generated summary
Cooper Companies (COO) Director Maria Rivas Exercises Options, Receives Award
What Happened
- Maria Rivas, a director of Cooper Companies (COO), exercised or converted a derivative instrument to acquire 3,322 shares and simultaneously had a related derivative disposition for 3,322 shares on April 1, 2026. She was also granted 3,779 award units the same day. All reported transactions show $0 price (no cash change reported).
Key Details
- Transaction date: 2026-04-01; Form 4 filed 2026-04-06 (appears outside the usual 2-business-day filing window for directors).
- Reported amounts and prices: 3,322 shares acquired via exercise/conversion (M) @ $0.00; 3,322 shares disposed (derivative) @ $0.00; 3,779 shares granted/awarded (A) @ $0.00.
- Shares owned after transaction: not specified in this filing. Footnote notes some shares are held by "The Maria Rivas Trust Dated June 24, 2013," of which she is sole trustee.
- Award terms: the 3,779-unit award has no expiration date; units will either vest or be forfeited (footnote).
- No 10b5-1 plan, tax withholding, or cashless sale details are disclosed in this filing.
Context
- For retail investors: the filing shows an option/derivative exercise and a contemporaneous award grant, but no cash paid or received is reported. Such derivative and award transactions can represent routine equity compensation for directors rather than open-market buying or selling. The apparent late filing may affect timeliness disclosures but does not itself indicate intent or change in company fundamentals.