DERECHIN ADAM M 4
Research Summary
AI-generated summary
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.