Form 4: Cohen & Steers Director Peter L. Rhein Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
Director Peter L. Rhein reports acquiring and disposing of Cohen & Steers common stock, including shares from restricted stock units and holdings in a family trust.
Summary
- Peter L. Rhein, a director of Cohen & Steers, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On July 1, 2024, Rhein acquired 383 shares of common stock related to restricted stock units.
- These restricted stock units were 100% vested on the grant date, with shares to be delivered on the third anniversary of the grant date.
- Rhein also reported holding 14,977 shares indirectly through the Rhein family trust.
- Following the reported transactions, Rhein beneficially owns 19,675 shares of Cohen & Steers common stock directly and indirectly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It assures stakeholders that company directors are complying with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of common stock transaction (acquisition of 383 shares from restricted stock units). |
| 07/02/2024 | Date of signature for the Form 4 filing. |
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