Cousins Properties (CUZ) director takes board fees in stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hyland Donna Westbrook reported acquisition or exercise transactions in this Form 4 filing.
Cousins Properties director Donna Westbrook Hyland received stock awards instead of cash fees. On June 1, 2026, she was granted 4,585 shares of common stock valued at $25.08 per share as part of her 2026–2027 director annual retainer under the company’s 2019 Omnibus Incentive Stock Plan.
On the same date, she also received 5,681 shares valued at $26.40 per share for director fees taken in stock at 95% of the closing price, consistent with the plan’s terms. The filing shows 76,893 shares held directly after the 4,585‑share grant and 72,308 shares held directly after the 5,681‑share grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hyland Donna Westbrook
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,681 | $26.40 | $150K |
| Grant/Award | Common Stock | 4,585 | $25.08 | $115K |
Holdings After Transaction:
Common Stock — 72,308 shares (Direct, null)
Footnotes (1)
- Portion of the 2026-2027 director annual retainer was paid in stock under the Amended and Restated Cousins Properties Incorporated Omnibus 2019 Incentive Stock Plan (the "2019 Plan"). For the purpose of determining the number of shares granted, the value of the Corporation's common stock is equal to the closing price on June 1, 2026. Stock issued for director fees in place of cash compensation, valued at 95% of the closing price on the issuance date, in accordance with the 2019 Plan.
Key Figures
First stock grant: 4,585 shares at $25.08
Second stock grant: 5,681 shares at $26.40
Holdings after first grant: 76,893 shares
+1 more
4 metrics
First stock grant
4,585 shares at $25.08
Common stock award on June 1, 2026 under 2019 Plan
Second stock grant
5,681 shares at $26.40
Common stock issued for director fees at 95% of closing price
Holdings after first grant
76,893 shares
Total common shares held directly after 4,585-share award
Holdings after second grant
72,308 shares
Total common shares held directly after 5,681-share award
Key Terms
Amended and Restated Cousins Properties Incorporated Omnibus 2019 Incentive Stock Plan, director annual retainer, closing price, valued at 95% of the closing price
4 terms
Amended and Restated Cousins Properties Incorporated Omnibus 2019 Incentive Stock Plan financial
"Portion of the 2026-2027 director annual retainer was paid in stock under the Amended and Restated Cousins Properties Incorporated Omnibus 2019 Incentive Stock Plan"
director annual retainer financial
"Portion of the 2026-2027 director annual retainer was paid in stock under the Amended and Restated Cousins Properties Incorporated Omnibus 2019 Incentive Stock Plan"
closing price financial
"the value of the Corporation's common stock is equal to the closing price on June 1, 2026"
valued at 95% of the closing price financial
"Stock issued for director fees in place of cash compensation, valued at 95% of the closing price on the issuance date"
FAQ
What insider transaction did CUZ director Donna Westbrook Hyland report?
Donna Westbrook Hyland reported two stock awards of Cousins Properties common stock as director compensation. These are grants under the company’s 2019 Omnibus Incentive Stock Plan, not open-market purchases, and represent fees taken in stock instead of cash.
At what prices were the CUZ stock grants to the director valued?
The 4,585-share award was valued at $25.08 per share, based on Cousins Properties’ closing price on June 1, 2026. The 5,681-share award was valued at $26.40 per share, reflecting 95% of the closing price under the company’s 2019 plan.
What is the purpose of the CUZ 2019 Omnibus Incentive Stock Plan in this filing?
The 2019 Omnibus Incentive Stock Plan allowed Cousins Properties to pay a portion of the director’s 2026–2027 annual retainer and other director fees in stock. It specifies that stock issued for fees can be valued at closing price or 95% of that price on the grant date.
Were the CUZ insider transactions open-market buys or sales?
No, these transactions were not open-market buys or sales. Both are coded as “A” for grants or awards, reflecting stock compensation for board service. The shares were issued under Cousins Properties’ 2019 Omnibus Incentive Stock Plan as alternatives to cash director fees.