Cheigh Jon 4
Research Summary
AI-generated summary
Cohen & Steers (CNS) President Cheigh Jon Receives RSU Award
What Happened
- Cheigh Jon, President and CIO of Cohen & Steers, received a grant of 42,049 restricted stock units (RSUs) on 2026-01-30 (transaction code A) and, in connection with vesting, had 16,876 shares withheld by the issuer to satisfy tax obligations (transaction code F) at $64.58 per share, totaling $1,089,852. The RSU grant is reported with $0 immediate cash value in the filing (typical for deferred equity awards).
Key Details
- Transaction dates: 2026-01-30 (reported on Form 4 filed 2026-02-02). Filing appears timely (within SEC two-business-day window).
- Withheld shares: 16,876 @ $64.58 = $1,089,852 (tax withholding/disposition, code F).
- RSU grant: 42,049 RSUs reported as acquired (code A); grant reported at $0 in the filing.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 = issuer withheld shares to cover tax obligations upon RSU vesting. F2 = RSUs represent the portion of Cheigh Jon’s 2025 annual incentive that was mandatorily deferred; RSUs vest ratably over four years and dividend RSUs vest on the fourth anniversary.
Context
- This is primarily an award (RSUs) plus routine tax-withholding, not an open-market buy or sell. Withholding of shares to meet tax liabilities is a common administrative action and does not necessarily reflect an independent decision to sell stock.
- The RSUs vest over time (four-year schedule), so the economic benefit is realized gradually; dividend-equivalent RSUs vest on year four per the footnote.