Form 4: Cohen & Steers Executive Chairman Transfers Shares Between Family Trusts

Robert H. Steers, Executive Chairman of Cohen & Steers, executed a transfer of 145,000 shares of common stock from The Sunnyridge GST Exempt Family Trust to the Robert H. Steers 2018 Revocable Trust as part of a long-term estate planning strategy.

Summary

• On October 18, 2024, Robert H. Steers, the Executive Chairman of Cohen & Steers, engaged in a transaction involving the company's common stock.
• He transferred 145,000 shares from The Sunnyridge GST Exempt Family Trust to the Robert H. Steers 2018 Revocable Trust.
• The transaction was executed at a price of $105.77 per share.
• Following the transaction, Mr. Steers indirectly owns 805,920 shares through The Sunnyridge GST Exempt Family Trust, 7,039,357 shares through the Robert H. Steers 2018 Revocable Trust, 3,838,897 shares through The Hilltop GST Non-Exempt Descendants' Trust, and 334 shares through the Hamilton-Steers 2017 Trust FB Robert H. Steers.
• Mr. Steers also directly owns 153,200 shares.
• The transfer is related to Mr. Steers' long-term estate planning strategy.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a stock transfer for estate planning purposes. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This specific filing reflects internal asset management within the executive's family trusts and doesn't necessarily indicate a change in the company's financial health or strategic direction.

Key Dates