CoStar Group (CSGP) CHRO receives 17,676-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoStar Group’s Chief Human Resources Officer, Michael J. Desmarais, received a grant of 17,676 shares of common stock as reported on a Form 4. These shares were acquired at a reported price of $0.00 per share, reflecting a compensation-related award rather than a market purchase.
According to the footnote, a portion of his annual cash incentive was converted into Deferred Stock Units at $46.34 per unit, and he was also awarded an equal number of Restricted Stock Units that vest in full after four years. Following this award, Desmarais directly owns 90,598 shares of CoStar Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DESMARAIS MICHAEL J
Role
Chief Human Resources Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 17,676 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 90,598 shares (Direct)
Footnotes (1)
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FAQ
What did CoStar Group (CSGP) report in Michael Desmarais’s latest Form 4?
CoStar Group reported that Chief Human Resources Officer Michael J. Desmarais received 17,676 shares of common stock as a compensation-related grant, bringing his direct holdings to 90,598 shares after the transaction.
How were the 17,676 CoStar Group (CSGP) units for Michael Desmarais determined?
Under the Management Stock Purchase Plan, all or part of Desmarais’s annual cash incentive was converted into Deferred Stock Units at $46.34 per unit, with an equal number of Restricted Stock Units awarded, each equivalent to one share of common stock.
When do Michael Desmarais’s new CoStar Group (CSGP) Restricted Stock Units vest?
The Restricted Stock Units awarded to Michael Desmarais in this transaction vest in full after four years. Once vested, each unit corresponds to one share of CoStar Group common stock, as described in the footnote.
Was Michael Desmarais’s CoStar Group (CSGP) Form 4 transaction an open-market purchase?
No, the transaction was not an open-market purchase. It was a grant of 17,676 shares at a reported price of $0.00 per share, tied to converting cash incentive compensation into equity under the Management Stock Purchase Plan.