Form 4: Cohen & Steers Executive Acquires Dividend Equivalent Restricted Stock Units
SEC Form 4 Filing
Adam M. Derechin, Chief Operating Officer and EVP of Cohen & Steers, acquired 208 dividend equivalent restricted stock units on March 14, 2024.
Summary
- On March 14, 2024, Adam M. Derechin, the Chief Operating Officer and EVP of Cohen & Steers, acquired 208 dividend equivalent restricted stock units.
- These units were acquired in connection with the issuer's first quarter 2024 dividend and accrued to the reporting person on unvested restricted stock units granted in January 2021, January 2022, January 2023 and January 2024.
- Following the transaction, Derechin directly owns 525,646 shares of Cohen & Steers common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that the executive is receiving compensation in the form of dividend equivalents on unvested stock.
Stakeholder Impact
- The acquisition of dividend equivalent restricted stock units has a minor impact on shareholders as it is part of the executive compensation package.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of transaction: Adam M. Derechin acquired 208 dividend equivalent restricted stock units. |
| 03/15/2024 | Date of signature: Brian W. Heller, Attorney-in-Fact, signed the Form 4. |
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