Form 4: Cohen & Steers Director Peter L. Rhein Reports Acquisition of Shares
SEC Filing
Peter L. Rhein, a director at Cohen & Steers, reported the acquisition of common stock and restricted stock units.
Summary
- Peter L. Rhein, a director of Cohen & Steers, Inc. [CNS], filed a Form 4 on February 21, 2025, reporting changes in beneficial ownership.
- The reported transactions include the acquisition of 180 shares of common stock and the holding of 12,500 shares indirectly through the Rhein family trust.
- Additionally, the report details restricted stock units granted to Mr. Rhein, which will be delivered as shares on April 3, 2028.
- The restricted stock units were 100% vested on the grant date.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing detailing transactions. The acquisition of shares by a director is mildly positive, but not significantly so.
Positives
- The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.
Future Outlook
The report indicates future delivery of shares related to restricted stock units on April 3, 2028.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the transactions of a director at Cohen & Steers, an investment management firm.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of transaction for common stock acquisition. |
| 02/21/2025 | Date of Form 4 filing. |
| 04/03/2028 | Date of delivery for shares underlying restricted stock units. |
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