Director at Cohen & Steers (CNS) receives 440-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Smith Dasha reported acquisition or exercise transactions in this Form 4 filing.
COHEN & STEERS, INC. director Dasha Smith received a grant of 440 shares of common stock as a restricted stock unit award, recorded at a price of $0.00 per share. The restricted stock units were 100% vested on the grant date, and the corresponding shares will be delivered on the third anniversary of that date. Following this award, Smith holds 9,914 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Dasha
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 440 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,914 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
RSU-based shares granted: 440 shares
Grant price per share: $0.00 per share
Shares owned after transaction: 9,914 shares
+2 more
5 metrics
RSU-based shares granted
440 shares
Common Stock underlying restricted stock units granted on grant date
Grant price per share
$0.00 per share
Recorded transaction price for the RSU-based share grant
Shares owned after transaction
9,914 shares
Total common stock directly owned following the grant
Vesting status
100% vested on grant date
Restricted stock units vesting terms as disclosed in the footnote
Share delivery timing
Third anniversary of grant date
Scheduled delivery date for the 440 underlying shares
Key Terms
restricted stock units, grant date, vested, Common Stock
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.
grant date financial
"Such restricted stock units were 100% vested on the grant date"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
vested financial
"Such restricted stock units were 100% vested on the grant date"
Common Stock financial
"Represents shares of common stock underlying restricted stock units granted"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did CNS director Dasha Smith report on this Form 4?
Dasha Smith reported receiving 440 shares of Cohen & Steers common stock through a restricted stock unit grant. These units vested immediately on the grant date, and the related shares will be delivered on the third anniversary of that grant date.
What does the vesting detail on the CNS restricted stock units indicate?
The filing states the restricted stock units were 100% vested on the grant date, meaning no additional service period is required to earn them. However, actual share delivery is deferred until the third anniversary of the grant date, creating a timing gap between vesting and settlement.