Form 4: Cohen & Steers Executive Chairman Robert Steers Reports Share Disposal

Robert Hamilton Steers, Executive Chairman of Cohen & Steers, reports the disposal of 23,000 shares of common stock on July 29, 2024.

Summary

• Robert Hamilton Steers, the Executive Chairman of Cohen & Steers, filed a Form 4 with the SEC on July 30, 2024.
• The report details a transaction on July 29, 2024, where 23,000 shares of Cohen & Steers common stock were disposed of at $0 per share.
• Following the transaction, Mr. Steers directly owns 153,200 shares and indirectly owns 6,905,457 shares through the Robert H. Steers 2018 Revocable Trust, 3,838,897 shares through The Hilltop GST Non-Exempt Descendants' Trust, 950,920 shares through The Sunnyridge GST Exempt Family Trust and 334 shares through the Hamilton-Steers 2017 Trust FB Robert H. Steers.
• Mr. Steers disclaims beneficial ownership of shares held by The Hilltop GST Non-Exempt Descendants' Trust and The Sunnyridge GST Exempt Family Trust.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of share disposal. The impact depends on the reason for disposal and market reaction.

Negatives

• Robert Steers disposed of 23,000 shares of Cohen & Steers common stock.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders may react to the disposal of shares by a key executive, depending on the context and magnitude of the transaction.

Key Dates