Fastener with a stud hold-out position

A fastener assembly for holding together a first element and a second element, wherein each element comprises an aperture for receiving the fastener assembly, comprising:

• a grommet for extending through the aperture of the first element, the grommet comprising a perimetric wall defining an opening through and an interior of the grommet;
• a stud comprising a head at one end and a cross pin adjacent to an opposite end, the stud being received in the opening of the grommet;
• a spring on the stud between the head and cross pin;
• a cup member interposed between the stud and the grommet, the cup member being moveable relative to the stud and movable relative to the grommet, wherein at least a portion of the spring is disposed within the cup;
• and
• a locking element that is moveable relative to the grommet, wherein the locking element is disposed on the fastener assembly between the head and cross pin of the stud;
• wherein when the fastener assembly is in a secured configuration the locking element is disposed inward of the first element and of the second element and external to the interior of the grommet, and wherein when the fastener assembly is in a holdout configuration at least a portion of the locking element is disposed within the interior of the grommet and engaging an interior surface of the grommet.