Form 4: CoStar General Counsel Boxer Reports RSU Grant, Stock Disposition

CoStar Group's General Counsel, Gene Boxer, reported the acquisition of 26,888 restricted stock units and the disposition of 4,547 common shares for tax withholding.

Summary

• Gene Boxer, CoStar Group's General Counsel and Secretary, acquired 26,888 Restricted Stock Units (RSUs) on February 27, 2026.
• Each RSU represents a contingent right to receive one share of CoStar Group, Inc. common stock.
• These RSUs will vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029.
• Boxer also disposed of 4,547 shares of common stock on March 1, 2026, at a price of $44.63 per share.
• This disposition was for the payment of tax liability, as indicated by transaction code 'F'.
• Following these transactions, Boxer beneficially owns 74,025 shares of common stock directly and 26,888 Restricted Stock Units directly.
• A Limited Power of Attorney was granted by Gene Boxer on December 19, 2025, authorizing Christian Lown and Lisa M. Tanzi to handle his Section 16 reporting obligations.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive disclosure, reflecting standard executive compensation practices and continued incentive alignment through the RSU grant, despite the routine tax-related stock disposition.

Positives

• The grant of 26,888 Restricted Stock Units to the General Counsel and Secretary indicates continued incentive alignment with shareholder interests and retention of key management.
• The vesting schedule over three years provides a long-term incentive for the executive.

Negatives

• The disposition of 4,547 shares of common stock, valued at $44.63 per share, represents a reduction in direct common stock holdings, although it was for tax withholding purposes.

Future Outlook

The Restricted Stock Units granted to Gene Boxer are scheduled to vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, indicating a future incentive structure for the executive.

Industry Context

StockSavvy.ai notes that routine insider filings like Form 4, detailing executive compensation and tax-related stock dispositions, are common across the real estate technology sector. While not indicative of broader industry trends, the grant of RSUs aligns with standard practices for executive incentive compensation in publicly traded companies.

Corporate Governance

Stakeholder Impact

• Shareholders: The RSU grant aligns the executive's long-term interests with shareholder value creation. The stock disposition for tax purposes is a routine event and has minimal impact.
• Management: Gene Boxer's compensation structure is updated with new RSU grants, providing continued incentive.

Next Steps

• First tranche of Restricted Stock Units will vest on March 1, 2027.
• Second tranche of Restricted Stock Units will vest on March 1, 2028.
• Third tranche of Restricted Stock Units will vest on March 1, 2029.

Key Dates

Recommendation

This Form 4 details a routine executive compensation event involving the grant of Restricted Stock Units and a corresponding disposition of shares for tax withholding. While the RSU grant is a positive for executive retention and alignment, it does not provide new fundamental information about the company's operational performance or strategic direction that would warrant a change from a 'hold' position based solely on this filing.

Keywords

CoStar Group, CSGP, Gene Boxer, Restricted Stock Units, RSU, Insider Transaction, Form 4, Stock Disposition, Executive Compensation, Corporate Governance