Form 4: Cohen & Steers Executive Adam Derechin Reports Stock Transactions

Adam Derechin, Chief Operating Officer and EVP of Cohen & Steers, reports the acquisition and disposal of company stock related to tax obligations and restricted stock units.

Summary

• On January 31, 2025, Adam Derechin, the Chief Operating Officer and EVP of Cohen & Steers, engaged in transactions involving the company's common stock.
• Derechin disposed of 5,204 shares to cover tax obligations at a price of $88.83 per share.
• He also acquired 7,670 shares in the form of restricted stock units (RSUs) at no cost.
• Following these transactions, Derechin beneficially owns 528,129 shares of Cohen & Steers common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The acquisition of 7,670 shares in the form of RSUs indicates continued investment in the company by a key executive.

Future Outlook

The RSUs vest ratably over four years, with dividend RSUs vesting on the fourth anniversary of the grant date.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and are closely monitored by investors for insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a relatively small number of shares compared to the total outstanding.

Key Dates

Keywords

Cohen & Steers, Adam Derechin, stock transactions, Form 4, beneficial ownership, RSUs, executive compensation