Form 4: Cohen & Steers Executive Acquires Dividend Equivalent Restricted Stock Units
SEC Form 4 Filing
Jon Cheigh, Chief Investment Officer and EVP of Cohen & Steers, acquired dividend equivalent restricted stock units related to the company's first quarter 2024 dividend.
Summary
- On March 14, 2024, Jon Cheigh, the Chief Investment Officer and EVP of Cohen & Steers, acquired 650 shares of common stock.
- These shares represent dividend equivalent restricted stock units.
- The acquisition is linked to the issuer's first quarter 2024 dividend and accrued on unvested restricted stock units granted in January 2021, January 2022, January 2023 and January 2024.
- Following the transaction, Cheigh directly owns 174,033 shares of Cohen & Steers common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider transactions, and it doesn't inherently convey positive or negative sentiment. It's a neutral disclosure of information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects an executive's compensation and ownership stake in the company.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of transaction: Jon Cheigh acquired dividend equivalent restricted stock units. |
| 03/15/2024 | Date of signature on the Form 4 filing. |
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