Form 4: Cohen & Steers CFO Receives Restricted Stock Units as Part of 2024 Incentive Bonus
SEC Form 4 Filing
Raja A. Dakkuri, CFO of Cohen & Steers, Inc., received 8,210 restricted stock units (RSUs) as part of his 2024 annual incentive performance bonus.
Summary
- On January 31, 2025, Raja A. Dakkuri, the Chief Financial Officer and EVP of Cohen & Steers, Inc., acquired 8,210 shares of common stock in the form of restricted stock units (RSUs).
- These RSUs represent a portion of his 2024 annual incentive performance bonus that was mandatorily deferred by the issuer.
- The RSUs vest ratably over four years, with dividend RSUs vesting on the fourth anniversary of the grant date.
- Following the transaction, Dakkuri beneficially owns 24,452 shares of Cohen & Steers common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The granting of RSUs is a standard practice and indicates confidence in the company's future performance. The vesting schedule promotes long-term alignment.
Positives
- The grant of RSUs aligns the CFO's interests with those of the shareholders, incentivizing him to improve company performance.
- The vesting schedule encourages long-term commitment from the CFO.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- Shareholders may view the RSU grant positively as it aligns management's interests with theirs.
- Employees may see the RSU grant as a sign of the company's commitment to rewarding performance.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Raja A. Dakkuri acquired 8,210 restricted stock units. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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