Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | COHN | Common Stock, par value $0.01 per share | 24K | Oct 28, 2021 | Direct | ||||||
holding | COHN | Common Stock, par value $0.01 per share | 80K | Oct 28, 2021 | By EBC 2013 Family Trust | ||||||
holding | COHN | Common Stock, par value $0.01 per share | 78.7K | Oct 28, 2021 | By Cohen Bros. Financial, LLC |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | COHN | Cohen & Company, LLC Membership Units | Award | $0 | +2M | +9.5% | $0.00 | 23.1M | Oct 28, 2021 | Common Stock, par value $0.01 per share | 200K | Direct | F1, F2 |
Id | Content |
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F1 | Mr. Cohen was awarded 2,000,000 restricted membership units ("Units") in Cohen & Company, LLC (the "Operating LLC"), a subsidiary of Cohen & Co Inc. (the "Company"), under the Company's 2020 Long-Term Incentive Plan, as amended, one-fifth of which will vest and be delivered to Mr. Cohen on each of January 31, 2023, January 31, 2024, January 31, 2025, January 31, 2026 and January 31, 2027. Following the vesting of the applicable Units, Mr. Cohen may cause the Operating LLC to redeem such Units at any time thereafter for, at the Company's option, (i) cash or (ii) one share of the Company's common stock for every ten Units. |
F2 | 5,252,002 membership units in the Operating LLC are owned by Cohen Bros. Financial, LLC, a Delaware limited liability company of which Mr. Cohen is the sole member. |