Dividend-equivalent RSUs boost Cohen & Steers (CNS) COO holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DERECHIN ADAM M reported acquisition or exercise transactions in this Form 4 filing.
Cohen & Steers, Inc. reported that Chief Operating Officer and EVP Adam M. Derechin received a grant of 226 shares of common stock as dividend equivalent restricted stock units tied to the issuer’s second quarter 2026 dividend, accruing on prior RSU grants. Following this award, he directly holds 535,797 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DERECHIN ADAM M
Role
Chief Operating Officer, EVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 226 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 535,797 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU dividend equivalents granted: 226 shares
Grant price per share: $0.00 per share
Total shares after transaction: 535,797 shares
+1 more
4 metrics
RSU dividend equivalents granted
226 shares
Dividend equivalent restricted stock units tied to Q2 2026 dividend
Grant price per share
$0.00 per share
Non-cash grant/award acquisition of common stock
Total shares after transaction
535,797 shares
Direct holdings of Adam M. Derechin following the grant
Transaction date
2026-05-21
Form 4 transaction date for RSU dividend equivalents
Key Terms
restricted stock units, dividend equivalent, grant, award, or other acquisition, Chief Operating Officer, EVP
4 terms
restricted stock units financial
"accrued to the reporting person on unvested restricted stock units granted in January 2023, January 2024, January 2025 and January 2026"
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.
dividend equivalent financial
"Represents the acquisition of dividend equivalent restricted stock units in connection with the issuer's second quarter 2026 dividend"
A dividend equivalent is a payment someone receives that matches the cash dividends paid on a stock, even though they don’t actually hold the shares. It often shows up in stock-based pay or certain derivatives, and matters to investors because it preserves the income value and alters the after-tax return and timing of payouts — think of it like getting a paycheck for the dividends you would have earned if you owned the stock directly.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Chief Operating Officer, EVP financial
"officer_title: Chief Operating Officer, EVP"
FAQ
What insider transaction did Cohen & Steers (CNS) report for Adam M. Derechin?
Cohen & Steers reported that Chief Operating Officer and EVP Adam M. Derechin received 226 shares of common stock as a grant of dividend equivalent restricted stock units. These units accrued on unvested RSUs from prior grants made in January 2023, 2024, 2025, and 2026.
Was the Cohen & Steers (CNS) Form 4 transaction an open-market purchase or sale?
The Form 4 transaction was not an open-market trade. It reflects a grant or award acquisition of 226 dividend equivalent restricted stock units at a price of $0.00 per share, credited in connection with the company’s second quarter 2026 dividend on existing unvested RSUs.
What are dividend equivalent restricted stock units in the Cohen & Steers (CNS) filing?
Dividend equivalent restricted stock units are additional RSUs credited to match dividends paid on underlying unvested RSUs. In this filing, 226 such units were accrued to Adam M. Derechin based on Cohen & Steers’ second quarter 2026 dividend and his earlier RSU awards from January 2023–2026.
Does Cohen & Steers (CNS) receive cash from this Form 4 stock unit grant?
Cohen & Steers does not receive cash from this transaction. The Form 4 describes a non-cash grant of 226 dividend equivalent restricted stock units to Adam M. Derechin at $0.00 per share, linked to the second quarter 2026 dividend on his existing unvested RSUs.