Form 4: Cohen & Steers Director Peter L. Rhein Reports Acquisition of Common Stock and Restricted Stock Units

Peter L. Rhein, a director of Cohen & Steers, Inc., reported acquiring common stock and restricted stock units, increasing his beneficial ownership in the company.

Summary

• On October 1, 2024, Peter L. Rhein, a director of Cohen & Steers, Inc., reported a transaction involving the company's common stock.
• Rhein acquired 291 shares of common stock.
• He also acquired restricted stock units that convert into 19,641 shares of common stock.
• These restricted stock units were 100% vested on the grant date and will be delivered to the reporting person on the third anniversary of the grant date.
• Following these transactions, Rhein directly owns 0 shares and indirectly owns 15,302 shares through the Rhein family trust.
• The Rhein family trust is a revocable trust for which Mr. Rhein and a member of his family serve as trustees.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of stock transactions by a company director. The acquisition of shares and restricted stock units could be interpreted as a slightly positive signal, but without further context, it's difficult to assess the overall impact.

Positives

• The acquisition of shares and restricted stock units by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future performance.

Stakeholder Impact

• The reported transactions may influence investor perception of Cohen & Steers, potentially affecting shareholder value.

Key Dates