CoStar Group (CSGP) CAO awarded 4,374 deferred and restricted units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoStar Group, Inc. reported that Chief Accounting Officer Cynthia Cammett received an award of 4,374 shares of common stock as compensation. Under the Management Stock Purchase Plan, part of her annual cash incentive was converted into Deferred Stock Units at $46.34 per unit, and she was granted an equal number of Restricted Stock Units that vest in full after four years. Following this grant, she directly holds 26,342 shares of CoStar common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cann Cynthia Cammett
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 4,374 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 26,342 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CoStar Group (CSGP) report for Cynthia Cammett?
CoStar Group reported that Chief Accounting Officer Cynthia Cammett received 4,374 shares of common stock as compensation. The award combined Deferred Stock Units and Restricted Stock Units granted under the Management Stock Purchase Plan instead of paying that portion of her annual cash incentive in cash.
Was Cynthia Cammett’s CoStar (CSGP) award an open-market stock purchase?
No, the award was not an open-market purchase. It was a compensation-related acquisition where part of her annual cash incentive was converted into Deferred Stock Units and matched with Restricted Stock Units, all granted by CoStar under its Management Stock Purchase Plan.
At what price were Cynthia Cammett’s CoStar (CSGP) Deferred Stock Units converted?
Her Deferred Stock Units were converted at $46.34 per unit, each equivalent to one CoStar common share. This price was used to convert a portion of her annual cash incentive into equity-based compensation, aligning her interests more closely with shareholders over time.
When do Cynthia Cammett’s CoStar (CSGP) Restricted Stock Units vest?
The Restricted Stock Units awarded to Cynthia Cammett vest in full after four years. Until vesting, she does not receive the underlying CoStar common shares, which keeps the award tied to continued service and longer-term company performance during that period.