Form 4: Cohen & Steers COO Reports Stock Transactions

Cohen & Steers' Chief Operating Officer, Adam M. Derechin, reported the acquisition of 11,586 restricted stock units and the disposition of 4,677 shares for tax obligations.

Summary

• Adam M. Derechin, Chief Operating Officer and EVP of Cohen & Steers, Inc. (CNS), reported transactions on January 30, 2026.
• Disposed of 4,677 shares of common stock at $64.58 per share to cover tax obligations related to the vesting of previously reported restricted stock units (RSUs).
• Acquired 11,586 restricted stock units (RSUs) as a mandatorily deferred portion of the 2025 annual incentive performance bonus.
• These newly granted RSUs will vest ratably over four years.
• Any dividend RSUs, paid on the issuer's common stock, will vest on the fourth anniversary of the grant date of the RSUs.
• Following these transactions, Derechin beneficially owns 535,812 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing routine executive compensation and tax-related stock transactions. It does not indicate a significant positive or negative shift in company fundamentals.

Positives

• Grant of 11,586 restricted stock units (RSUs) as part of the 2025 annual incentive performance bonus, indicating continued compensation and alignment with company performance.
• The RSU grant, with a $0 acquisition price, represents a future equity stake for the COO.

Negatives

• Disposition of 4,677 shares of common stock at $64.58 per share to satisfy tax obligations, which reduces direct share ownership.

Future Outlook

The 11,586 restricted stock units granted to Adam M. Derechin will vest ratably over four years, providing a future equity stake tied to the company's performance. Any dividend RSUs will vest on the fourth anniversary of the grant date.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive compensation and ownership changes. The grant of RSUs as part of an annual incentive bonus is a common practice in the asset management industry, aligning executive interests with long-term shareholder value.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) as a component of executive compensation, particularly for deferred bonuses, is a widely adopted practice across the financial services industry, including asset managers like BlackRock, Vanguard, and T. Rowe Price.
• This structure typically aims to retain key executives and align their incentives with long-term company performance and shareholder returns.
• The vesting schedule of ratably over four years is also a common standard for such equity awards, promoting sustained commitment.

Related Party Transactions

• The transactions involve an executive (Adam M. Derechin) and the issuer (Cohen & Steers, Inc.), which are considered related parties in the context of executive compensation.

Stakeholder Impact

• Shareholders: Minor impact. The RSU grant aligns executive interests with long-term shareholder value. The disposition for taxes is a routine event.
• Management: Adam M. Derechin's compensation structure is reinforced with a new RSU grant, providing a future equity stake.

Next Steps

• Vesting of the 11,586 restricted stock units ratably over the next four years.
• Vesting of any dividend RSUs on the fourth anniversary of the grant date.

Key Dates

Keywords

Cohen & Steers, CNS, Adam M. Derechin, Form 4, insider trading, restricted stock units, RSU, executive compensation, beneficial ownership, stock transactions