Form 4: Cohen & Steers CEO Joseph Harvey Boosts Stake Through Dividend Equivalent Share Acquisition

Sentiment:

Insider Transaction Report 23 May 2025 1:04 PM

Cohen & Steers CEO Joseph M. Harvey acquired 1,103 shares of common stock on May 22, 2025, through dividend equivalent restricted stock units, increasing his total beneficial ownership to 1,285,861 shares.

Summary

Joseph M. Harvey, Chief Executive Officer and Director of Cohen & Steers, Inc. (CNS), acquired 1,103 shares of the company's common stock.
The acquisition took place on May 22, 2025, at a price of $0 per share.
These shares represent dividend equivalent restricted stock units (RSUs) that accrued on Mr. Harvey's unvested RSUs granted in January 2022, January 2023, January 2024, and January 2025.
Following this transaction, Mr. Harvey's total beneficial ownership in Cohen & Steers, Inc. stands at 1,285,861 shares of Common Stock.
This total includes 305,000 shares held indirectly through a limited liability company owned by a family trust, for which Mr. Harvey disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The acquisition of shares by the CEO, even through dividend equivalents, generally indicates continued alignment of management's interests with shareholders and confidence in the company's long-term prospects. This is a routine, positive disclosure.

Positives

CEO Joseph M. Harvey increased his beneficial ownership in Cohen & Steers, Inc. by acquiring 1,103 shares.
The acquisition of shares through dividend equivalent restricted stock units demonstrates the company's ongoing dividend policy and the CEO's continued participation in equity-based compensation plans.
The increase in beneficial ownership by a key executive may signal confidence in the company's future performance and alignment with shareholder interests.

Future Outlook

Industry Context

Related Party Transactions

Joseph M. Harvey holds 305,000 shares indirectly through a limited liability company owned by a family trust, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.

Stakeholder Impact

Shareholders: May view the CEO's increased stake as a positive signal of confidence in the company's future and continued alignment of management interests.

Key Dates

Date	Description
January 2022	Grant date for unvested restricted stock units on which dividend equivalents accrued.
January 2023	Grant date for unvested restricted stock units on which dividend equivalents accrued.
January 2024	Grant date for unvested restricted stock units on which dividend equivalents accrued.
January 2025	Grant date for unvested restricted stock units on which dividend equivalents accrued.
05/22/2025	Date of acquisition of 1,103 dividend equivalent restricted stock units.
05/23/2025	Date the Form 4 was signed by the attorney-in-fact.

Recommendation

hold

Keywords

Cohen & Steers, CNS, Joseph Harvey, CEO, Director, Insider Transaction, Form 4, Beneficial Ownership, Stock Acquisition, Restricted Stock Units, Dividend Equivalent

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