Form 4: Cohen & Steers President and CIO, Jon Cheigh, Reports Changes in Beneficial Ownership

Jon Cheigh, President and CIO of Cohen & Steers, reports changes in beneficial ownership due to tax obligations and the granting of restricted stock units.

Summary

• On January 31, 2025, Jon Cheigh, President and CIO of Cohen & Steers, reported changes in his beneficial ownership of the company's common stock.
• The changes include the withholding of 17,162 shares to cover tax obligations related to the vesting of previously reported restricted stock units (RSUs) at a price of $88.83.
• Additionally, Mr. Cheigh was granted 27,973 RSUs as part of his 2024 annual incentive performance bonus, which was mandatorily deferred by the issuer.
• Following these transactions, Mr. Cheigh directly owns 167,134 shares of Cohen & Steers 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 sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations. There is no indication of positive or negative sentiment towards the company's performance.

Positives

• The granting of RSUs as part of the annual incentive performance bonus suggests confidence in the company's future performance.
• The increased share ownership aligns the executive's interests with those of the shareholders.

Future Outlook

The vesting schedule of the RSUs (ratably over four years) indicates a long-term incentive structure for the executive.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minor impact on shareholders, as they involve the issuance of RSUs and the withholding of shares for tax purposes, which are standard practices.

Key Dates