Director Frank T. Connor receives 353-share equity grant at Cohen & Steers (NYSE: CNS)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Connor Frank T reported acquisition or exercise transactions in this Form 4 filing.
Cohen & Steers director Frank T. Connor received a grant of 353 shares of Common Stock through restricted stock units. The award was granted at a price of $0.00 per share as equity compensation, not an open-market purchase or sale.
The restricted stock units were 100% vested on the grant date, but the related shares will be delivered to Connor on the third anniversary of that grant date. Following this award, he holds a total of 24,384 shares of Cohen & Steers Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Connor Frank T
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 353 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 24,384 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 353 shares
Grant price: $0.00 per share
Post-transaction holdings: 24,384 shares
+1 more
4 metrics
Shares granted
353 shares
Restricted stock unit grant of Common Stock
Grant price
$0.00 per share
Equity award, not open-market purchase
Post-transaction holdings
24,384 shares
Total direct Common Stock after grant
Vesting and delivery
3-year delivery delay
Units 100% vested; shares delivered on third anniversary
Key Terms
restricted stock units, 100% vested, third anniversary of the grant date, Grant, award, or other acquisition
4 terms
restricted stock units financial
"Represents shares of common stock underlying restricted stock units granted by the issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
100% vested financial
"Such restricted stock units were 100% vested on the grant date"
third anniversary of the grant date financial
"shares will be delivered to the reporting person on the third anniversary of the grant date"
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Cohen & Steers (CNS) report for Frank T. Connor?
Cohen & Steers reported that director Frank T. Connor received 353 shares of Common Stock through a restricted stock unit grant. This was an equity award at $0.00 per share, not an open-market purchase or sale, and increased his direct holdings.
Is the Frank T. Connor CNS Form 4 transaction a stock purchase or a grant?
The Form 4 for Frank T. Connor reports a grant, not a purchase. He received 353 shares through a restricted stock unit award at $0.00 per share, classified as a grant, award, or other acquisition rather than an open-market transaction.
What does the vesting detail in Frank T. Connor’s Cohen & Steers RSU grant mean?
The filing notes that the restricted stock units were 100% vested on the grant date, meaning the service condition was fully satisfied immediately, while the actual delivery of the corresponding shares is deferred until the third anniversary of that grant date.