Pay vs Performance Disclosure - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
| Year | | | Summary compensation table total for CEO(1) ($) | | | Compensation actually paid to CEO(2) ($) | | | Average summary compensation table total for non-CEO named executive officers(3) ($) | | | Average compensation actually paid to non-CEO named executive officers(4) ($) | | | Value of initial fixed $100 investment based on total shareholder return(5) ($) | | | Net income(6) ($) | | ||||||||||||||||||
| (a) | | | (b) | | | (c) | | | (d) | | | (e) | | | (f) | | | (g) | | ||||||||||||||||||
| 2025 | | | | | 11,936,704 | | | | | | 14,539,441 | | | | | | 7,151,350 | | | | | | 8,722,735 | | | | | | 252 | | | | | | 14,431,000 | | |
| 2024 | | | | | 4,025,189 | | | | | | 5,255,216 | | | | | | 2,747,645 | | | | | | 3,433,780 | | | | | | 173 | | | | | | (129,000) | | |
| 2023 | | | | | 2,013,825 | | | | | | 1,730,332 | | | | | | 1,532,849 | | | | | | 1,380,977 | | | | | | 93 | | | | | | (5,113,000) | | |
(1)
The dollar amounts reported in column (b) are the amounts of total compensation reported for our CEO, for each corresponding year in the “Total” column of the Summary Compensation Table. Please refer to “Executive Compensation — Summary Compensation Table.”
(2)
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Brafman, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Brafman during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Brafman’s total compensation for each year to determine the compensation actually paid:
| Year | | | Reported Summary Compensation Table Total for CEO ($) | | | Deduct Reported Value of Equity Awards(A) ($) | | | Add Equity Award Adjustments(B) ($) | | | Compensation Actually Paid to CEO ($) | | ||||||||||||
| 2025 | | | | | 11,936,704 | | | | | | 354,691 | | | | | | 2,957,428 | | | | | | 14,539,441 | | |
| 2024 | | | | | 4,025,189 | | | | | | 215,431 | | | | | | 1,445,457 | | | | | | 5,255,216 | | |
| 2023 | | | | | 2,013,825 | | | | | | 142,847 | | | | | | (140,647) | | | | | | 1,730,332 | | |
(A)
Represents the total of any amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.
(B)
The Equity Award Adjustments for each applicable year include the addition or subtraction, as applicable, of the following:
i.
add the fair value as of the end of the covered fiscal year of all awards granted during the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year;
ii.
add the amount equal to the change as of the end of the covered fiscal year (from the end of
the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year;
iii.
add, for awards that are granted and vest in the same year, the fair value as of the vesting date;
iv.
add the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year;
v.
subtract, for any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year;
vi.
add the dollar value of any dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year;
vii.
deduct the aggregate change in the actuarial present value of the named executive officer’s accumulated benefit under all defined benefit and actuarial pension plans reported in the Summary Compensation Table; and
viii.
add, for all defined benefit and actuarial pension plans reported in the Summary Compensation Table the aggregate of:
a.
service cost, calculated as the actuarial present value of each named executive officer’s benefit under all such plans attributable to services rendered during the covered fiscal year; and
b.
prior service cost, calculated as the entire cost of benefits granted (or credit for benefits reduced) in a plan amendment (or initiation) during the covered fiscal year that are attributed by the benefit formula to services rendered in periods prior to the amendment.
The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments (as described immediately above) are as follows:
| Year | | | Year End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year ($) | | | Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years ($) | | | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($) | | | Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)(a) | | | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($) | | | Value of Dividends or other Earnings Paid on Stock or Option Awards Prior to the Vesting Date Not Otherwise Reflected in Fair Value or Total Compensation ($) | | | Service Costs and Prior Service Costs ($) | | | Total Equity Award Adjustments ($) | | ||||||||||||||||||||||||
| 2025 | | | | | 497,327 | | | | | | 2,144,297 | | | | | | | | | | | (61,670) | | | | | | | | | | | 377,474 | | | | | | | | | | | 2,957,428 | | | |||
| 2024 | | | | | 218,385 | | | | | | 896,140 | | | | | | | | | | | 54,558 | | | | | | | | | | | 276,374 | | | | | | | | | | | 1,445,457 | | | |||
| 2023 | | | | | 140,315 | | | | | | (532,631) | | | | | | | | | | | 47,424 | | | | | | | | | | | 204,245 | | | | | | | | | | | (140,647) | | | |||
(a)
Represents the change in fair market value as of the date of vesting for awards that vested in the applicable year as compared to the fair market value of such award as of the end of the prior year.
(3)
The dollar amounts reported in column (d) represent the average of the amounts reported for our Company’s non-CEO named executive officers, Daniel G. Cohen and Joseph W. Pooler, Jr., as a group in the “Total” column of the Summary Compensation Table in each applicable year.
(4)
The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the non-CEO named executive officers as a group (i.e., Messrs. Cohen and Pooler), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the non-CEO named executive officers as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the non-CEO named executive officers as a group for each year to determine the compensation actually paid, using the same methodology described above in footnote (2):
| Year | | | Average Reported Summary Compensation Table Total for Non-CEO named executive officers ($) | | | Deduct Average Reported Value of Equity Awards ($) | | | Add Average Equity Award Adjustments(a) ($) | | | Average Compensation Actually Paid to Non- CEO named executive officers ($) | | ||||||||||||
| 2025 | | | | | 7,151,350 | | | | | | 307,623 | | | | | | 1,879,009 | | | | | | 8,722,735 | | |
| 2024 | | | | | 2,747,645 | | | | | | 186,843 | | | | | | 872,978 | | | | | | 3,433,780 | | |
| 2023 | | | | | 1,532,849 | | | | | | 123,891 | | | | | | (27,980) | | | | | | 1,380,977 | | |
(a)
The amounts deducted or added in calculating the total Average Equity Award Adjustments are as follows:
| Year | | | Year End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year ($) | | | Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years ($) | | | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($) | | | Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)(a) | | | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($) | | | Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation ($) | | | Service Costs and Prior Service Costs ($) | | | Total Equity Award Adjustments ($) | | ||||||||||||||||||||||||
| 2025 | | | | | 431,331 | | | | | | 1,277,065 | | | | | | | | | | | (35,563) | | | | | | | | | | | 206,176 | | | | | | | | | | | 1,879,009 | | | |||
| 2024 | | | | | 189,405 | | | | | | 505,422 | | | | | | | | | | | 30,276 | | | | | | | | | | | 147,875 | | | | | | | | | | | 872,978 | | | |||
| 2023 | | | | | 121,695 | | | | | | (288,146) | | | | | | | | | | | 26,203 | | | | | | | | | | | 112,268 | | | | | | | | | | | (27,980) | | | |||
(a)
Represents the change in fair market value as of the date of vesting for awards that vested in the applicable year as compared to the fair market value of such award as of the end of the prior year.
(5)
Total shareholder return is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between our Company’s share price at the end and the beginning of the measurement period by our company’s share price at the beginning of the measurement period.
(6)
The dollar amounts reported represent the amount of net income (loss) attributable to Cohen & Company Inc. Enterprise net income (loss) for the years ended 2025, 2024 and 2023 was $42,047, $(486) and $(9,191), respectively, as reflected in our consolidated audited financial statements.
(2)
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Brafman, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Brafman during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Brafman’s total compensation for each year to determine the compensation actually paid:
(3)
The dollar amounts reported in column (d) represent the average of the amounts reported for our Company’s non-CEO named executive officers, Daniel G. Cohen and Joseph W. Pooler, Jr., as a group in the “Total” column of the Summary Compensation Table in each applicable year.
(2)
The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Brafman, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Brafman during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Brafman’s total compensation for each year to determine the compensation actually paid:
| Year | | | Reported Summary Compensation Table Total for CEO ($) | | | Deduct Reported Value of Equity Awards(A) ($) | | | Add Equity Award Adjustments(B) ($) | | | Compensation Actually Paid to CEO ($) | | ||||||||||||
| 2025 | | | | | 11,936,704 | | | | | | 354,691 | | | | | | 2,957,428 | | | | | | 14,539,441 | | |
| 2024 | | | | | 4,025,189 | | | | | | 215,431 | | | | | | 1,445,457 | | | | | | 5,255,216 | | |
| 2023 | | | | | 2,013,825 | | | | | | 142,847 | | | | | | (140,647) | | | | | | 1,730,332 | | |
(A)
Represents the total of any amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.
(B)
The Equity Award Adjustments for each applicable year include the addition or subtraction, as applicable, of the following:
i.
add the fair value as of the end of the covered fiscal year of all awards granted during the covered fiscal year that are outstanding and unvested as of the end of the covered fiscal year;
ii.
add the amount equal to the change as of the end of the covered fiscal year (from the end of
the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year;
iii.
add, for awards that are granted and vest in the same year, the fair value as of the vesting date;
iv.
add the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value (whether positive or negative) of any awards granted in any prior fiscal year for which all applicable vesting conditions were satisfied at the end of or during the covered fiscal year;
v.
subtract, for any awards granted in any prior fiscal year that fail to meet the applicable vesting conditions during the covered fiscal year, the amount equal to the fair value at the end of the prior fiscal year;
vi.
add the dollar value of any dividends or other earnings paid on stock or option awards in the covered fiscal year prior to the vesting date that are not otherwise included in the total compensation for the covered fiscal year;
vii.
deduct the aggregate change in the actuarial present value of the named executive officer’s accumulated benefit under all defined benefit and actuarial pension plans reported in the Summary Compensation Table; and
viii.
add, for all defined benefit and actuarial pension plans reported in the Summary Compensation Table the aggregate of:
a.
service cost, calculated as the actuarial present value of each named executive officer’s benefit under all such plans attributable to services rendered during the covered fiscal year; and
b.
prior service cost, calculated as the entire cost of benefits granted (or credit for benefits reduced) in a plan amendment (or initiation) during the covered fiscal year that are attributed by the benefit formula to services rendered in periods prior to the amendment.
The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments (as described immediately above) are as follows:
| Year | | | Year End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year ($) | | | Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years ($) | | | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($) | | | Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)(a) | | | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($) | | | Value of Dividends or other Earnings Paid on Stock or Option Awards Prior to the Vesting Date Not Otherwise Reflected in Fair Value or Total Compensation ($) | | | Service Costs and Prior Service Costs ($) | | | Total Equity Award Adjustments ($) | | ||||||||||||||||||||||||
| 2025 | | | | | 497,327 | | | | | | 2,144,297 | | | | | | | | | | | (61,670) | | | | | | | | | | | 377,474 | | | | | | | | | | | 2,957,428 | | | |||
| 2024 | | | | | 218,385 | | | | | | 896,140 | | | | | | | | | | | 54,558 | | | | | | | | | | | 276,374 | | | | | | | | | | | 1,445,457 | | | |||
| 2023 | | | | | 140,315 | | | | | | (532,631) | | | | | | | | | | | 47,424 | | | | | | | | | | | 204,245 | | | | | | | | | | | (140,647) | | | |||
(a)
Represents the change in fair market value as of the date of vesting for awards that vested in the applicable year as compared to the fair market value of such award as of the end of the prior year.
(4)
The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the non-CEO named executive officers as a group (i.e., Messrs. Cohen and Pooler), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the non-CEO named executive officers as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the non-CEO named executive officers as a group for each year to determine the compensation actually paid, using the same methodology described above in footnote (2):
| Year | | | Average Reported Summary Compensation Table Total for Non-CEO named executive officers ($) | | | Deduct Average Reported Value of Equity Awards ($) | | | Add Average Equity Award Adjustments(a) ($) | | | Average Compensation Actually Paid to Non- CEO named executive officers ($) | | ||||||||||||
| 2025 | | | | | 7,151,350 | | | | | | 307,623 | | | | | | 1,879,009 | | | | | | 8,722,735 | | |
| 2024 | | | | | 2,747,645 | | | | | | 186,843 | | | | | | 872,978 | | | | | | 3,433,780 | | |
| 2023 | | | | | 1,532,849 | | | | | | 123,891 | | | | | | (27,980) | | | | | | 1,380,977 | | |
(a)
The amounts deducted or added in calculating the total Average Equity Award Adjustments are as follows:
| Year | | | Year End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year ($) | | | Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years ($) | | | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($) | | | Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)(a) | | | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($) | | | Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation ($) | | | Service Costs and Prior Service Costs ($) | | | Total Equity Award Adjustments ($) | | ||||||||||||||||||||||||
| 2025 | | | | | 431,331 | | | | | | 1,277,065 | | | | | | | | | | | (35,563) | | | | | | | | | | | 206,176 | | | | | | | | | | | 1,879,009 | | | |||
| 2024 | | | | | 189,405 | | | | | | 505,422 | | | | | | | | | | | 30,276 | | | | | | | | | | | 147,875 | | | | | | | | | | | 872,978 | | | |||
| 2023 | | | | | 121,695 | | | | | | (288,146) | | | | | | | | | | | 26,203 | | | | | | | | | | | 112,268 | | | | | | | | | | | (27,980) | | | |||
(a)
Represents the change in fair market value as of the date of vesting for awards that vested in the applicable year as compared to the fair market value of such award as of the end of the prior year.
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The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments (as described immediately above) are as follows:
| Year | | | Year End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year ($) | | | Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years ($) | | | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($) | | | Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)(a) | | | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($) | | | Value of Dividends or other Earnings Paid on Stock or Option Awards Prior to the Vesting Date Not Otherwise Reflected in Fair Value or Total Compensation ($) | | | Service Costs and Prior Service Costs ($) | | | Total Equity Award Adjustments ($) | | ||||||||||||||||||||||||
| 2025 | | | | | 497,327 | | | | | | 2,144,297 | | | | | | | | | | | (61,670) | | | | | | | | | | | 377,474 | | | | | | | | | | | 2,957,428 | | | |||
| 2024 | | | | | 218,385 | | | | | | 896,140 | | | | | | | | | | | 54,558 | | | | | | | | | | | 276,374 | | | | | | | | | | | 1,445,457 | | | |||
| 2023 | | | | | 140,315 | | | | | | (532,631) | | | | | | | | | | | 47,424 | | | | | | | | | | | 204,245 | | | | | | | | | | | (140,647) | | | |||
(a)
Represents the change in fair market value as of the date of vesting for awards that vested in the applicable year as compared to the fair market value of such award as of the end of the prior year.
| Year | | | Year End Fair Value of Outstanding and Unvested Equity Awards Granted in the Year ($) | | | Change in Fair Value of Outstanding and Unvested Equity Awards Granted in Prior Years ($) | | | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year ($) | | | Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year ($)(a) | | | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year ($) | | | Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation ($) | | | Service Costs and Prior Service Costs ($) | | | Total Equity Award Adjustments ($) | | ||||||||||||||||||||||||
| 2025 | | | | | 431,331 | | | | | | 1,277,065 | | | | | | | | | | | (35,563) | | | | | | | | | | | 206,176 | | | | | | | | | | | 1,879,009 | | | |||
| 2024 | | | | | 189,405 | | | | | | 505,422 | | | | | | | | | | | 30,276 | | | | | | | | | | | 147,875 | | | | | | | | | | | 872,978 | | | |||
| 2023 | | | | | 121,695 | | | | | | (288,146) | | | | | | | | | | | 26,203 | | | | | | | | | | | 112,268 | | | | | | | | | | | (27,980) | | | |||
(a)
Represents the change in fair market value as of the date of vesting for awards that vested in the applicable year as compared to the fair market value of such award as of the end of the prior year.