Noonan Daniel 4

What Happened

• Daniel Noonan, Executive Vice President of Cohen & Steers (CNS), received a grant of 13,627 restricted stock units (RSUs) on 2026-01-30. The filing also shows the issuer withheld 935 shares to cover the reporting person's tax obligations related to previously vested RSUs; those 935 shares were recorded as a disposition at $64.58 per share, totaling $60,382.
• The RSU grant (valued at $0 in the filing because it’s an equity award) represents the portion of Noonan’s 2025 annual incentive that was mandatorily deferred into RSUs.

Key Details

• Transaction date: 2026-01-30; Filing date: 2026-02-02 (filed to the SEC).
• Disposition: 935 shares withheld for taxes at $64.58/share = $60,382 (transaction code F: tax withholding).
• Acquisition: 13,627 RSUs granted (transaction code A: award/grant).
• Shares owned after the transaction: not specified in the provided filing; footnote indicates shares are held by the Daniel A. Noonan Revocable Trust, of which he is trustee.
• Notable footnotes:
  • F1: Shares held by the Daniel A. Noonan Revocable Trust.
  • F2: The 935-share disposition reflects issuer withholding to satisfy tax obligations upon RSU vesting.
  • F3: The RSUs are the deferred portion of the 2025 incentive bonus; they vest ratably over four years, and dividend RSUs vest on the fourth anniversary.
• Timeliness: Filed three calendar days after the transaction; this appears to meet the Form 4 requirement to file within two business days.

Context

• This was an equity award (RSUs) and a routine tax-withholding disposition, not an open-market sale or purchase. Withholding shares to cover taxes is common and does not necessarily indicate a change in the insider’s view of the company.
• The RSUs vest over time (four-year ratable vesting), so the economic benefit to the insider is realized gradually.