CNS Form 4: Director Dasha Smith Receives 423 RSUs, Delivery in 3 Years
Rhea-AI Filing Summary
Cohen & Steers director Dasha Smith was granted 423 restricted stock units (RSUs) on 10/01/2025. The RSUs were 100% vested at grant and will be delivered as 423 shares of common stock to the reporting person on the third anniversary of the grant date. Following the reported transaction, the reporting person is shown as beneficially owning 9,038 shares. The Form 4 was filed by one reporting person and signed by an attorney-in-fact on 10/03/2025. The filing discloses no cash price for the grant and lists the ownership as direct.
Positive
- 423 shares underlying RSUs were 100% vested at grant
- Shares are delivered on a fixed schedule (on the third anniversary), providing clarity on timing
Negative
- No cash price reported for the grant (listed as $0), limiting valuation transparency
- Delayed delivery means the shares are not immediately tradable or voting for the reporting person
Insights
Insider received vested RSUs that defer delivery for three years.
The filing shows a grant of 423 RSUs that were 100% vested on 10/01/2025 with share delivery scheduled on the third anniversary of the grant. This structure provides immediate economic recognition of the award while deferring share issuance and voting rights until delivery.
This is a routine director compensation disclosure and, in isolation, does not indicate a change in board control or material dilution; the reporting person will hold 9,038 shares following the transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 423 | $0.00 | -- |
Footnotes (1)
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