Form 4: Cohen & Steers CEO Joseph Harvey Acquires Dividend Equivalent Restricted Stock Units

CEO Joseph Harvey acquired dividend equivalent restricted stock units in connection with Cohen & Steers' third quarter 2024 dividend.

Summary

• On August 22, 2024, Joseph M. Harvey, CEO and President of Cohen & Steers, Inc., acquired 957 shares of Common Stock.
• These shares represent dividend equivalent restricted stock units related to the company's third quarter 2024 dividend.
• The acquisition was tied to unvested restricted stock units granted in January of 2021, 2022, 2023 and 2024.
• Following the transaction, Mr. Harvey directly owns 1,262,116 shares of Cohen & Steers, Inc.
• Mr. Harvey also indirectly owns 305,000 shares through a limited liability company owned by a family trust, but he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects a routine transaction related to executive compensation. There is no indication of positive or negative implications for the company's performance.

Positives

• The acquisition of dividend equivalent restricted stock units demonstrates the CEO's continued investment in the company's stock.
• The dividend equivalent restricted stock units are tied to the third quarter 2024 dividend, aligning the CEO's interests with shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's acquisition of dividend equivalent restricted stock units, which is a common form of executive compensation.

Stakeholder Impact

• The acquisition of dividend equivalent restricted stock units aligns the CEO's interests with those of shareholders, as the value of the units is tied to the company's dividend performance.

Key Dates