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 539 dividend equivalent restricted stock units on August 22, 2024.
Summary
- On August 22, 2024, Jon Cheigh, the Chief Investment Officer and EVP of Cohen & Steers, acquired 539 dividend equivalent restricted stock units.
- This acquisition was related to the issuer's third 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, Cheigh directly owns 155,850 shares of Cohen & Steers common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction related to executive compensation. The acquisition of dividend equivalent restricted stock units is a positive sign, but it's a standard practice.
Positives
- The acquisition of dividend equivalent restricted stock units suggests confidence in the company's performance and dividend payouts.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| January 2021 | Grant date of unvested restricted stock units. |
| January 2022 | Grant date of unvested restricted stock units. |
| January 2023 | Grant date of unvested restricted stock units. |
| January 2024 | Grant date of unvested restricted stock units. |
| 08/22/2024 | Date of transaction: Acquisition of dividend equivalent restricted stock units. |
| 08/23/2024 | Date of signature for the Form 4 filing. |
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