Form 4: Cohen & Steers Executive Vice President Reports Changes in Beneficial Ownership

Executive Vice President Daniel P. Charles reports changes in beneficial ownership of Cohen & Steers, Inc. stock due to tax obligations and restricted stock units.

Summary

• Daniel P. Charles, an Executive Vice President at Cohen & Steers, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On January 31, 2025, 8,155 shares of common stock were withheld by the issuer to cover tax obligations related to the vesting of restricted stock units (RSUs) at a price of $88.83.
• Also on January 31, 2025, Mr. Charles acquired 10,602 RSUs as part of his 2024 annual incentive performance bonus, which was mandatorily deferred by the issuer.
• Following these transactions, Mr. Charles directly owns 48,690 shares of Cohen & Steers, Inc. common stock.
• The RSUs vest ratably over four years, with dividend RSUs vesting on the fourth anniversary of the grant date.

Sentiment

Score: 6

Explanation: The document reflects standard executive compensation practices and insider transactions, which are neither particularly positive nor negative from an investment perspective.

Positives

• The granting of RSUs as part of the annual incentive performance bonus suggests the company is rewarding its executives.

Future Outlook

The RSUs vest ratably over four years, and the dividend RSUs vest on the fourth anniversary of the grant date, indicating a long-term incentive structure.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard executive compensation practices.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, bonus, and equity-based awards like RSUs.
• The vesting schedule of four years for the RSUs is a common practice to incentivize long-term performance.
• Companies like BlackRock and Franklin Resources also use similar equity-based compensation plans for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to executive compensation and do not significantly alter the company's financial position.

Key Dates