Form 4: Cohen & Steers Executive Acquires Dividend Equivalent Restricted Stock Units
SEC Form 4 Filing
Daniel P. Charles, an Executive Vice President at Cohen & Steers, acquired 295 dividend equivalent restricted stock units on May 23, 2024.
Summary
- On May 23, 2024, Daniel P. Charles, an Executive Vice President at Cohen & Steers, acquired 295 dividend equivalent restricted stock units.
- The acquisition was related to the issuer's second quarter 2024 dividend.
- These units accrued to the reporting person on unvested restricted stock units granted in January 2021, January 2022, January 2023 and January 2024.
- Following the transaction, Charles directly owns 52,659 shares of Common Stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects routine executive compensation practices and alignment of interests.
Positives
- The acquisition of dividend equivalent restricted stock units suggests continued alignment of the executive's interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor positive impact on stakeholders by aligning executive interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| January 2021 | Date of initial grant of unvested restricted stock units. |
| January 2022 | Date of initial grant of unvested restricted stock units. |
| January 2023 | Date of initial grant of unvested restricted stock units. |
| January 2024 | Date of initial grant of unvested restricted stock units. |
| 05/23/2024 | Date of transaction: acquisition of dividend equivalent restricted stock units. |
| 05/24/2024 | Date of signature on the Form 4 filing. |
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