Company: CPS
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001320461-25-000033
Chunk: 136

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 136
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$11.49 The weighted-average grant date fair value of PUs granted during the years ended December 31, 2024, 2023 and 2022 was $8.38, $19.54 and $9.41, respectively. There were no vestings of PUs during the year ended December 31, 2024. The total fair value of PUs vested during the years ended December 31, 2023 and 2022 was $3,328 and $10,578, respectively. Actual payout of units vested was 0% and no cash was paid to settle PUs during the years ended December 31, 2024, 2023 and 2022.As of December 31, 2024, unrecognized compensation expense for the PUs granted in 2024 and 2023 was $2,821 and $923, respectively. Such cost is expected to be recognized over a weighted-average period of approximately 1.9 years.

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)(Dollar amounts in thousands except per share and share amounts)

The fair value of certain PUs is estimated using a Monte Carlo simulation. Expected volatility was calculated based on historical stock price volatility over the previous year. The risk-free rate was based on the U.S. Treasury yield curve, generally represented by U.S. Treasury securities, with a term equal to the expected life of the PUs. The dividend yield was assumed to be zero based on Company’s historical patterns and future expectation. The fair value of the PUs were estimated using the following assumptions:202420232022Expected volatility81.02 %100.42 %88.24 %Dividend yield0.00 %0.00 %0.00 %Risk-free rate4.97 %4.60 %1.71 %

20. Contingent Liabilities

Litigation and ClaimsVarious legal actions, proceedings, and claims (generally, “matters”) are pending or may be instituted or asserted against the Company. The Company accrues for matters when losses are deemed probable and reasonably estimable. Any resulting adjustments, which could be material, are recorded in the period the adjustments are identified. As of December 31, 2024, the Company does not believe that there is a reasonable possibility that any material loss exceeding the amounts already accrued for matters, if any, has been incurred. However, the ultimate resolutions of these matters are