DERECHIN ADAM M 4
4 · COHEN & STEERS, INC. · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
Cohen & Steers COO Adam Derechin Receives RSUs; Shares Withheld
What Happened
Adam M. Derechin, Chief Operating Officer of Cohen & Steers, received an award of 11,586 restricted stock units (RSUs) on 2026-01-30 (reported as an acquisition, code A). Simultaneously, 4,677 shares were withheld by the issuer to satisfy tax obligations upon vesting (reported as a disposition, code F) at a per-share value of $64.58, totaling $302,041. The RSU grant shows $0 cash consideration because the shares are equity awards, not a purchased security.
Key Details
- Transaction date: 2026-01-30; Filing date: 2026-02-02 (timely filed within the 2-business-day Form 4 window).
- Disposition (tax withholding): 4,677 shares withheld at $64.58 per share — proceeds/value $302,041 (code F).
- Acquisition (award): 11,586 RSUs granted (reported at $0 cash) (code A).
- Shares owned following the transaction: not disclosed on this Form 4.
- Footnotes: F1 = issuer withheld shares to cover tax obligations on vested RSUs. F2 = RSUs represent a portion of the 2025 deferred annual incentive bonus; RSUs vest ratably over four years and dividend-equivalent RSUs vest on the fourth anniversary.
Context
The acquisition is an equity award (RSUs) rather than an open-market purchase — typically seen as compensation/retention. The simultaneous withholding of 4,677 shares is a routine cashless-withholding to cover tax liabilities when RSUs vest and should not be read as an independent decision to sell shares for investment purposes.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-01-30$64.58/sh−4,677$302,041→ 524,226 total - Award
Common Stock
[F2]2026-01-30+11,586→ 535,812 total
Footnotes (2)
- [F1]Represents the withholding by the issuer of shares of common stock in connection with the reporting person's tax obligations upon the vesting of previously reported restricted stock units ("RSUs") and delivery of the common stock underlying such RSUs.
- [F2]Represents RSUs granted by the issuer to the reporting person constituting the portion of the reporting person's 2025 annual incentive performance bonus that was mandatorily deferred by the issuer. Any dividends paid on the issuer's common stock are paid in additional RSUs (the "dividend RSUs"). The RSUs vest ratably over four years, and the dividend RSUs vest on the fourth anniversary of the grant date of the RSUs.