Connor Frank T 4

What Happened
Connor Frank, a director of Cohen & Steers, Inc. (CNS), was granted 353 restricted stock units (RSUs) on 2026-07-01. The Form 4 reports an acquisition coded as an award (A) at $0.00 per share (total reported value $0). According to the filing, the RSUs were 100% vested on the grant date but the underlying shares will be delivered to Mr. Frank on the third anniversary of the grant.

Key Details

• Transaction date: 2026-07-01; Filing date: 2026-07-06.
• Reported transaction: 353 RSUs granted; reported price $0.00; reported cash value $0.
• Shares owned after transaction: not specified in the filing.
• Footnote: RSUs were 100% vested on grant date; actual shares will be issued three years after the grant.
• Filing timeliness: The Form 4 was filed five days after the transaction date (appears late relative to the Section 16 two-business-day reporting requirement).

Context
This was an equity award (not an open-market purchase or sale). Vested-but-delayed RSUs are often used to align insiders with long-term shareholder interests because delivery is deferred; however, delivery timing and any subsequent sales will determine future insider ownership changes. Late reporting can lead to administrative penalties under Section 16, though it does not by itself indicate improper trading.