[Form 4] Cogent Communications Holdings, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Mark Andrew Harris, Vice President and Chief Revenue Officer of Cogent Communications Holdings, Inc. (CCOI), received an award of 668 shares of common stock on 09/02/2025 under Transaction Code A, increasing his beneficial ownership to 5,168 shares. The award is restricted stock that vests in two equal installments on May 1, 2028 and November 1, 2028. The Form 4 is signed by Mr. Harris on the transaction date. No derivative transactions or cash-paid open-market purchases are reported; the reported price is listed as $0, consistent with a restricted-share grant rather than a purchase.
Positive
- Received 668 restricted shares, indicating compensation tied to long-term retention
- Increased insider ownership to 5,168 shares, aligning executive interests with shareholders
- Clear multi-year vesting schedule (May 1 and November 1, 2028) which supports retention
Negative
- None.
Insights
TL;DR Insider received 668 restricted shares, modestly increasing ownership to 5,168 shares; this is a routine equity grant for an executive.
The grant of 668 restricted shares to the Chief Revenue Officer is a non-cash compensation event that increases his alignment with shareholder outcomes while diluting outstanding equity only marginally. The vesting schedule, split into two equal installments in 2028, ties retention to longer-term performance or tenure. There are no exercised options, no open-market trades, and no cash consideration reported, indicating this is a standard executive equity award rather than a sale or purchase that would signal a change in conviction.
TL;DR This Form 4 documents a typical restricted stock grant with multi-year vesting, reflecting routine compensation governance practices.
The award vests in two equal installments in 2028, suggesting the company uses time-based vesting to retain senior management. The filing properly discloses the award, the reporting persons role as VP and Chief Revenue Officer, and the post-transaction beneficial ownership level. There are no indications of unusual timing or related-party transactions in the form text provided.