Form 4: Cohen & Steers Director Martin Cohen Reports Future Restricted Stock Unit Grant

Martin Cohen, a Director and 10% owner of Cohen & Steers, Inc., reported a future acquisition of 360 shares of common stock through a restricted stock unit grant scheduled for July 1, 2025.

Summary

• Martin Cohen, a Director and 10% Owner of Cohen & Steers, Inc. (CNS), reported the acquisition of 360 shares of common stock.
• The acquisition is through a grant of Restricted Stock Units (RSUs) by the issuer, with a transaction date of July 1, 2025.
• These RSUs were 100% vested on the grant date, and the underlying shares will be delivered to the reporting person on the third anniversary of the grant date.
• Following this transaction, Martin Cohen directly beneficially owns 848,782 shares of common stock.
• Additionally, Martin Cohen indirectly beneficially owns 8,171,461 shares of common stock through the Martin Cohen 2018 Revocable Trust, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director and significant shareholder is a positive for the individual and a routine compensation event for the company, aligning interests.

Positives

• Grant of 360 restricted stock units (RSUs) to Martin Cohen, a key insider, indicates continued compensation and alignment of interests with shareholders.
• The RSUs were 100% vested on the grant date, providing immediate ownership rights, although the physical delivery of shares is deferred.

Risks

• The shares underlying the restricted stock units will not be delivered until the third anniversary of the grant date, meaning the reporting person does not have immediate liquidity from these specific shares.

Future Outlook

The 360 shares of common stock underlying the restricted stock units are scheduled for delivery to the reporting person on the third anniversary of the grant date, which is July 1, 2025.

Industry Context

The grant of restricted stock units to a director is a common practice in the financial services industry for executive and director compensation, aiming to align the interests of key personnel with long-term shareholder value.

Comparison to Industry Standards

• NA

Related Party Transactions

• Grant of 360 restricted stock units by Cohen & Steers, Inc. to Martin Cohen, a Director and 10% owner, constitutes a related party transaction as part of his compensation.

Stakeholder Impact

• Shareholders: Experience minor potential dilution from the issuance of new shares, but benefit from the continued alignment of a key insider's interests with the company's long-term performance.
• Management/Directors: Martin Cohen receives compensation in the form of equity, further incentivizing his commitment to the company's success.

Next Steps

• Delivery of the 360 shares underlying the restricted stock units to Martin Cohen on the third anniversary of the grant date (approximately July 1, 2028).

Key Dates

Keywords

SEC Form 4, insider transaction, restricted stock units, RSU grant, Cohen & Steers, CNS, Martin Cohen, beneficial ownership, director, 10% owner, executive compensation