CoStar (NASDAQ: CSGP) CTO gets 52,869 RSUs, 18,702 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CoStar Group Chief Technology Officer Frank Simuro received a grant of 52,869 restricted stock units, each representing one future share of common stock. The units vest in three equal installments on March 1, 2027, 2028 and 2029. To cover tax obligations, 18,702 common shares were disposed of through a tax-withholding transaction at a price of $44.63 per share, leaving him with 425,598 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SIMURO FRANK
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $0.01 per share | 18,702 | $44.63 | $835K |
| Grant/Award | Restricted Stock Units | 52,869 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 425,598 shares (Direct);
Restricted Stock Units — 52,869 shares (Direct)
Footnotes (1)
- On February 27, 2026, the last preceding business day, the closing price of the Company's common stock on Nasdaq was $44.63. Each restricted stock unit represents a contingent right to receive one share of CoStar Group, Inc. common stock. The restricted stock units vest in three equal installments on March 1, 2027, March 1, 2028 and March 1, 2029.
FAQ
What equity award did CoStar Group (CSGP) CTO Frank Simuro receive?
Frank Simuro received a grant of 52,869 restricted stock units. Each unit represents a contingent right to receive one share of CoStar Group common stock, vesting over three years starting March 1, 2027, aligning compensation with long-term company performance.
What is the vesting schedule for Frank Simuro’s new CoStar (CSGP) RSUs?
The 52,869 restricted stock units vest in three equal installments. Vesting dates are March 1, 2027, March 1, 2028, and March 1, 2029, meaning one-third of the RSUs converts into common shares on each of those dates if service conditions are met.
How many CoStar (CSGP) restricted stock units does Frank Simuro hold after the grant?
Following the reported grant, Frank Simuro holds 52,869 restricted stock units. These RSUs vest in three equal annual installments beginning March 1, 2027, potentially converting into an equal number of CoStar Group common shares if vesting conditions are satisfied.