Form 4: Cohen & Steers Director Peter L. Rhein Sells Shares

Director Peter L. Rhein reported selling shares of Cohen & Steers, Inc. on October 18, 2024, through transactions made by the Rhein family trust.

Summary

• On October 18, 2024, Peter L. Rhein, a director of Cohen & Steers, Inc., reported the sale of company stock held indirectly through the Rhein family trust.
• A total of 2,500 shares were sold in multiple transactions at weighted average prices of $104.91 and $105.91.
• The sales resulted in a decrease in the number of shares beneficially owned by the Rhein family trust, from 14,702 to 12,202.
• Following the reported transactions, Mr. Rhein continues to beneficially own 19,641 shares directly and 12,202 shares indirectly through the Rhein family trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a director's stock sale. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction. The sentiment is neutral.

Industry Context

Form 4 filings are a routine part of insider trading activity and are closely watched by investors for signals about management's confidence in the company's prospects. This sale represents a small percentage of Rhein's overall holdings.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in investor confidence.

Key Dates