Form 4: Cohen & Steers CEO Transfers Shares to Family Trust
SEC Form 4 Filing
CEO Joseph M. Harvey transferred 55,000 shares of Cohen & Steers, Inc. common stock to a limited liability company owned by a family trust on May 15, 2024.
Summary
- On May 15, 2024, Joseph M. Harvey, CEO and President of Cohen & Steers, Inc., transferred 55,000 shares of common stock to a limited liability company owned by a family trust.
- The transfer was executed at a price of $0 per share.
- Following the transaction, Mr. Harvey directly owns 1,259,901 shares and indirectly owns 305,000 shares through the LLC.
- Mr. Harvey disclaims beneficial ownership of the shares held by the LLC except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a neutral report of a transaction. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.
Management Comments
- Mr. Harvey disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
Industry Context
Transactions of this nature are common among high-level executives for estate planning and wealth management purposes. They don't necessarily reflect a change in the executive's confidence in the company.
Stakeholder Impact
- The transfer of shares to a family trust has minimal direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of the share transfer transaction. |
| 05/17/2024 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.