STEERS ROBERT HAMILTON 4
Research Summary
AI-generated summary
Cohen & Steers 10% Owner Robert H. Steers Receives RSUs
What Happened
Robert H. Steers (reported as a 10% owner) was granted 6,229 restricted stock units (RSUs) by Cohen & Steers and, in connection with the vesting/delivery of previously issued RSUs, 9,232 shares were withheld to satisfy tax obligations. The withheld shares were recorded as a disposition at $64.58 per share for a total value of $596,203. The RSU grant is recorded at $0 consideration (an award).
Key Details
- Transaction date: 2026-01-30; filing date: 2026-02-02 (filed within the SEC 2-business-day Form 4 deadline).
- Withholding (Disposition, code F): 9,232 shares at $64.58 = $596,203 (used to satisfy tax liability).
- Grant (Award, code A): 6,229 RSUs granted, $0 purchase price recorded.
- Shares owned after transaction: not specified in the provided filing.
- Relevant footnotes:
- F5: withholding represents issuer withholding shares to cover tax on vested RSUs.
- F6: the RSUs are the deferred portion of the 2025 annual incentive bonus; RSUs vest ratably over four years and dividend-equivalent RSUs vest on the fourth anniversary.
- F1–F4: various trusts hold shares and Mr. Steers disclaims beneficial ownership of those trust-held shares except as noted.
Context
This was not an open-market sale or purchase by Mr. Steers — it reflects an employer grant of RSUs and the routine withholding of shares to pay taxes when RSUs vest. As a reported 10% owner with multiple trust arrangements, some reported holdings are held in trusts (see footnotes) and may not indicate direct trading intent.