Form 4: Cohen & Steers Executive Vice President Sells Shares and Acquires Dividend Equivalent Units

Executive Vice President of Cohen & Steers, Daniel P. Charles, sold 6,868 shares of common stock and acquired 203 dividend equivalent restricted stock units on December 2, 2024.

Summary

• On December 2, 2024, Daniel P. Charles, an Executive Vice President at Cohen & Steers, Inc., sold 6,768 shares of common stock at a weighted average price of $103.73.
• The shares were sold in multiple transactions with prices ranging from $103.18 to $104.15.
• Additionally, Mr. Charles sold 100 shares at $104.18.
• Mr. Charles also acquired 203 dividend equivalent restricted stock units related to the company's fourth quarter 2024 dividend.
• These units were accrued on unvested restricted stock units granted in January of 2021, 2022, 2023 and 2024.
• Following these transactions, Mr. Charles beneficially owns 46,243 shares of Cohen & Steers common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing insider transactions, which is neither positive nor negative in itself. It reflects normal executive activity.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions are typical for executives who may receive stock-based compensation and periodically sell shares for personal financial management.

Stakeholder Impact

• The transactions may have a minor impact on the stock price due to the volume of shares sold by the executive.
• The filing provides transparency to shareholders regarding executive trading activity.

Key Dates

Keywords

Cohen & Steers, stock sale, executive transaction, dividend equivalent units, Form 4, insider trading