Cooper-Standard (CPS) director awarded 3,937 RSUs as equity compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Freeland Richard Joseph reported acquisition or exercise transactions in this Form 4 filing.
Cooper-Standard Holdings Inc. director Richard Joseph Freeland received a grant of 3,937 time-based restricted stock units on May 14, 2026 under the company’s 2021 Omnibus Incentive Plan. These RSUs represent potential common shares delivered as equity compensation, with no cash paid by the director.
Subject to his continued service as a director, the RSUs vest on the earlier of the first anniversary of the grant date or the first annual shareholders meeting after the grant. The company may choose to settle vested units in either common shares or cash equal to the shares’ fair market value at vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Freeland Richard Joseph
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,937 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,937 shares (Direct, null)
Footnotes (1)
- 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. 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. 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.
Key Figures
RSUs granted: 3,937 units
Underlying common shares: 3,937 shares
Price per RSU: $0.0000
+1 more
4 metrics
RSUs granted
3,937 units
Time-based restricted stock units granted on May 14, 2026
Underlying common shares
3,937 shares
Each RSU corresponds to one share of common stock
Price per RSU
$0.0000
Equity compensation with no cash paid by the director
Holdings after transaction
3,937 RSUs
Total derivative holdings following the grant
Key Terms
Restricted Stock Units, 2021 Omnibus Incentive Plan, fair market value, forfeiture, +1 more
5 terms
Restricted Stock Units financial
"These are time-based restricted stock units (RSUs) granted to the reporting person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2021 Omnibus Incentive Plan financial
"granted ... under Cooper-Standard Holdings Inc. 2021 Omnibus Incentive Plan, as amended and restated"
fair market value financial
"deliver an amount of cash equal to the fair market value, determined as of the vesting date"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
forfeiture financial
"these RSU's vest and are no longer subject to forfeiture on the earlier of the first anniversary"
deferral election financial
"subject to the director's deferral election, if applicable"
FAQ
What did Cooper-Standard (CPS) director Richard Freeland report on this Form 4?
Richard Freeland reported receiving 3,937 restricted stock units as equity compensation. The grant was made under Cooper-Standard’s 2021 Omnibus Incentive Plan on May 14, 2026, and increases his reported derivative holdings to 3,937 underlying common shares, subject to vesting conditions and possible forfeiture.
How many Cooper-Standard (CPS) RSUs were granted to Richard Freeland?
The filing shows a grant of 3,937 restricted stock units to Richard Freeland. Each RSU is tied to one underlying share of Cooper-Standard common stock, giving potential delivery of 3,937 shares or equivalent cash value at vesting, depending on the company’s settlement election.
When do Richard Freeland’s Cooper-Standard (CPS) RSUs vest?
The RSUs vest on the earlier of one year after the May 14, 2026 grant or the first annual shareholders meeting after that date. Vesting is conditioned on Freeland’s continued service as a director and may be affected by any applicable deferral election he has made.
How can Cooper-Standard (CPS) settle Richard Freeland’s RSUs?
Cooper-Standard can settle the RSUs either by issuing common shares or paying cash. At vesting, the company may book shares in Freeland’s name or pay cash equal to the fair market value of the number of vested shares on the vesting date.
What is Richard Freeland’s Cooper-Standard (CPS) position after this RSU grant?
After the grant, Freeland holds 3,937 restricted stock units linked to Cooper-Standard common stock. These derivative holdings represent potential future shares or cash, depending on vesting and settlement, and are reported as directly owned equity-based compensation awarded for his board service.