Form 4: Cohen & Steers Executive Acquires Dividend Equivalent Restricted Stock Units
SEC Form 4 Filing
Francis C. Poli, a GC, Secretary, and EVP at Cohen & Steers, acquired 168 dividend equivalent restricted stock units on August 22, 2024.
Summary
- On August 22, 2024, Francis C. Poli, a GC, Secretary, and EVP at Cohen & Steers, acquired 168 dividend equivalent restricted stock units.
- The 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, Poli directly owns 79,866 shares of Cohen & Steers common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, indicating a neutral to slightly positive sentiment as it aligns executive interests with shareholder returns.
Positives
- The acquisition of dividend equivalent restricted stock units reflects continued alignment of executive compensation with shareholder returns.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders by aligning executive compensation with company performance.
Key Dates
| Date | Description |
|---|---|
| January 2021 | Unvested restricted stock units granted to the reporting person. |
| January 2022 | Unvested restricted stock units granted to the reporting person. |
| January 2023 | Unvested restricted stock units granted to the reporting person. |
| January 2024 | Unvested restricted stock units granted to the reporting person. |
| 08/22/2024 | Date of transaction: Acquisition of 168 dividend equivalent restricted stock units. |
| 08/23/2024 | Date of signature for the Form 4 filing. |
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