Form 4: Cohen & Steers CEO Joseph Harvey Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Joseph Harvey reports acquisition and disposal of Cohen & Steers, Inc. common stock related to tax obligations and restricted stock units.
Summary
- On January 31, 2025, Joseph Harvey, CEO of Cohen & Steers, Inc., reported changes in his beneficial ownership of the company's common stock.
- He disposed of 32,571 shares to cover tax obligations at a price of $88.83 per share.
- He also acquired 53,240 shares in the form of Restricted Stock Units (RSUs) granted as part of his 2024 annual incentive performance bonus.
- Following these transactions, Mr. Harvey directly owns 1,283,645 shares of common stock and indirectly owns 305,000 shares through an LLC owned by a family trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations, with no indication of unusual activity.
Positives
- The acquisition of RSUs indicates continued alignment of the CEO's interests with the company's performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor management's alignment with shareholder interests. These filings are common for publicly traded companies and are required by the SEC.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in the financial industry.
- Investors often compare insider activity to that of peers like BlackRock or Franklin Resources to gauge sentiment.
- The vesting schedule of the RSUs is typical for executive compensation packages in asset management firms.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of the reported transactions (disposal and acquisition of shares). |
| 02/04/2025 | Date of signature on the Form 4 filing. |
Keywords
beneficial ownership, Form 4, Cohen & Steers, Joseph Harvey, CEO, common stock, RSUs, restricted stock units, tax obligations, insider trading
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