CCOI COGENT COMMUNICATIONS HOLDINGS, INC.
Price Chart
Executive Summary
Cogent Communications shareholders approved an amendment to the 2017 Incentive Award Plan, increasing available shares by 1.5 million and extending the award period to 2036. Concurrently, CEO David Schaeffer received a performance-vesting restricted stock award of 1,000,000 shares with price targets of $70, $85, and $100 per tranche. This is a routine compensation event with no immediate financial impact.
Actionable Insight
Monitor trading volume and price action for potential stock price catalysts. The performance targets ($70, $85, $100) represent significant upside from current levels, but vesting is contingent on sustained price appreciation. No immediate trading signal.
Key Facts
- Stockholders approved the Third Amended and Restated 2017 Incentive Award Plan, increasing shares by 1.5 million.
- CEO David Schaeffer granted 1,000,000 performance-vesting restricted shares on May 4, 2026.
- Vesting requires stock price VWAP targets of $70 (200,000 shares), $85 (300,000 shares), and $100 (500,000 shares) over 60 consecutive calendar days.
- Performance period runs from February 28, 2026 to February 28, 2031; unvested shares forfeited if targets not met.
- Approximately 50.1 million shares outstanding as of record date March 6, 2026.
Financial Impact
No immediate financial impact. Potential dilution of up to 1.5 million new shares from plan amendment plus 1.0 million shares from CEO award if all vest.
Risk Factors
- Dilution of existing shareholders if all performance targets are met and shares vest.
- CEO retention risk if performance targets are not achieved, though no departure is indicated.
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-054817 |
| Document: tm2613224d2_ex10-2.htm | 0001104659-26-054817 |
| Document: 0001104659-26-054817-index-headers.html | 0001104659-26-054817 |
| Document: 0001104659-26-054817-index.html | 0001104659-26-054817 |
| Document: 0001104659-26-054817.txt | 0001104659-26-054817 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 28, 2026
12d ago
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144
| $19.82 $16.39 | ▼ −17.31% | ▼ −17.26% | $15.81 (−20.23%) |
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May 4, 2026
5w ago
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8-K
| $16.37 $16.40 | ▲ +0.18% | ▼ −2.75% | $15.81 (−3.42%) |
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May 4, 2026
5w ago
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8-K
| $16.37 $16.40 | ▼ −0.18% | ▲ +2.75% | $15.81 (+3.42%) |
|
Mar 5, 2026
13w ago
|
Insider Cluster
| $22.75 $19.63 | ▼ −13.71% | ▼ −11.48% | $15.81 (−30.51%) |
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Mar 5, 2026
13w ago
|
Insider Cluster
| $22.75 $19.63 | ▼ −13.71% | ▼ −11.48% | $15.81 (−30.51%) |
US Market Status
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