CNS AR24 Digital - Book - Page 83
COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS4(Continued)
The following table sets forth activity relating to the Company9s RSUs under the SIP:
(in thousands, except per share data)
Balance at January 1, 2022 . . . . . . . .
Granted . . . . . . . . . . . . . . . . . . .
Delivered . . . . . . . . . . . . . . . . . .
Forfeited . . . . . . . . . . . . . . . . . .
Balance at December 31, 2022 . . . . .
Granted . . . . . . . . . . . . . . . . . . .
Delivered . . . . . . . . . . . . . . . . . .
Forfeited . . . . . . . . . . . . . . . . . .
Balance at December 31, 2023 . . . . .
Granted . . . . . . . . . . . . . . . . . . .
Delivered . . . . . . . . . . . . . . . . . .
Forfeited . . . . . . . . . . . . . . . . . .
Balance at December 31, 2024 . . . . .
Vested Restricted Stock Unit
Grants
Unvested Restricted Stock Unit
Grants
Incentive Bonus Plans
Restricted Stock Unit Grants
Weighted
Average
Grant Date
Fair Value
Weighted
Average
Grant Date
Fair Value
Weighted
Average
Grant Date
Fair Value
Number
of RSUs
58 $
16
(22)
4
52
16
(17)
4
51
10
(9)
4
52
64.07
71.26
54.86
4
70.12
62.01
62.55
4
69.99
78.65
76.09
4
70.55
Number
of RSUs
456 $
64
(160)
(4)
356
78
(144)
(10)
280
74
(133)
(1)
220
66.02
74.96
57.90
72.98
71.18
66.01
65.86
74.32
72.34
73.06
68.36
85.21
74.89
Number
of RSUs
1,382 $
662
(586)
(50)
1,408
791
(557)
(108)
1,534
637
(539)
(55)
1,577
61.37
82.04
52.33
69.54
74.57
71.18
67.57
75.04
75.33
72.71
74.82
73.37
74.51
Employee Stock Purchase Plan
Pursuant to the Amended and Restated Employee Stock Purchase Plan (ESPP), the Company allows eligible employees,
as defined in the ESPP, to purchase common stock at a 15% discount from fair market value up to a maximum of $25,000 in
annual aggregate purchases by any one individual. The number of shares of common stock authorized for purchase by
eligible employees is 600,000. Through December 31, 2024, the Company had issued approximately 517,000 shares of
common stock under the ESPP. For the years ended December 31, 2024, 2023 and 2022, approximately 16,000, 20,000 and
18,000 shares, respectively, were purchased by eligible employees through the ESPP. For the years ended December 31,
2024, 2023 and 2022, the Company recorded non-cash stock-based compensation expense of approximately $194,000,
$188,000 and $184,000, respectively, which represents the discount on the shares issued pursuant to this plan. The ESPP will
terminate upon the earliest to occur of (1) termination of the ESPP by the board of directors or (2) issuance of all of the shares
reserved for issuance under the ESPP. The board of directors is authorized to increase the number of shares available for
issuance under the ESPP, subject to shareholder approval.
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