CNS COHEN & STEERS, INC.

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q3 2025: $0M, Q2 2025: $0M, Q1 2025: $19M, Q3 2024: $0M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $0M vs trailing avg $7M (-99%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Buyback $20M / FCF $10M = 188% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Repurchased 24,285 shares = 0.0% of 50,574,641 outstanding (annualized)

Are officers and directors buying stock with their own money on the open market?

24 open-market purchases by 2 insiders

• COHEN MARTIN () bought 12,708 shares at $60.83 on 2025-11-20
• STEERS ROBERT HAMILTON (Executive Chairman) bought 19,000 shares at $59.88 on 2025-11-19
• STEERS ROBERT HAMILTON (Executive Chairman) bought 6,000 shares at $59.86 on 2025-11-19
• COHEN MARTIN () bought 22,633 shares at $59.50 on 2025-11-19
• COHEN MARTIN () bought 14,659 shares at $59.91 on 2025-11-19
• COHEN MARTIN () bought 50,000 shares at $59.69 on 2025-11-18
• STEERS ROBERT HAMILTON (Executive Chairman) bought 19,329 shares at $67.61 on 2025-11-05
• STEERS ROBERT HAMILTON (Executive Chairman) bought 27,292 shares at $67.95 on 2025-11-04
• STEERS ROBERT HAMILTON (Executive Chairman) bought 642 shares at $68.39 on 2025-11-04
• STEERS ROBERT HAMILTON (Executive Chairman) bought 14,975 shares at $67.96 on 2025-11-04

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $17M, sold $1M (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected