Form 4: Cohen & Co Officer Sells Shares for Tax Obligations

Cohen & Co's Chief Accounting Officer, Douglas Listman, disposed of 3,252 common shares at $18.69 each to cover tax liabilities from restricted stock vesting.

Summary

• Douglas Listman, Chief Accounting Officer of Cohen & Co Inc. (COHN), reported a transaction involving company common stock.
• On February 3, 2026, 3,252 shares of common stock were disposed of at a price of $18.69 per share.
• This disposition was a "tax withholding" transaction (Code F) to cover tax liabilities incurred from the vesting of restricted stock.
• The restricted stock, totaling 6,667 shares, vested on January 31, 2026, under the Company's 2020 Long-Term Incentive Plan.
• Following this transaction, Douglas Listman beneficially owns 28,934 shares of Cohen & Co Inc. common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a routine, non-discretionary sale to cover tax obligations arising from restricted stock vesting, which is a standard component of executive compensation.

Positives

• The vesting of 6,667 restricted stock shares on January 31, 2026, indicates a successful milestone for the Chief Accounting Officer under the company's incentive plan.
• The transaction is a non-discretionary sale to cover tax obligations, not a market-driven sale by the insider.

Negatives

• No inherently negative aspects are present, as the transaction is a routine tax-related disposition following restricted stock vesting.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that Form 4 filings detailing insider transactions, particularly those related to tax withholdings upon restricted stock vesting, are common and routine disclosures in the financial industry. These transactions are typically non-discretionary and are a standard part of executive compensation plans.

Comparison to Industry Standards

• This filing reports a standard tax-related disposition of shares following restricted stock vesting, which is a common practice across publicly traded companies. There are no specific comparable companies or projects mentioned in the filing to assess against industry benchmarks.

Related Party Transactions

• This filing reports an insider transaction (officer selling shares to cover taxes on vested stock), which is a common type of transaction between a company and its executives.

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine, non-discretionary transaction for tax purposes, not indicative of a change in insider sentiment or company fundamentals.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

Cohen & Co Inc., COHN, Form 4, Insider Trading, Stock Vesting, Tax Withholding, Restricted Stock, Douglas Listman, Chief Accounting Officer