Form 4: Connolly Michael Colin reports multiple insider transactions in CUZ
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Connolly Michael Colin reported multiple insider transaction types in a Form 4 filing for CUZ. The filing lists transactions totaling 133,448 shares at a weighted average price of $22.46 per share. Following the reported transactions, holdings were 548,025 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Connolly Michael Colin
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 31,044 | $22.46 | $697K |
| Grant/Award | Common Stock | 102,404 | $22.46 | $2.30M |
Holdings After Transaction:
Common Stock — 548,025 shares (Direct)
Footnotes (1)
- Award of restricted stock shares under the Cousins Properties Incorporated (CPI) 2019 Omnibus Incentive Stock Plan. These shares will vest equally over three years on each anniversary date of the grant. CPI will hold these shares until such shares become vested. While the shares are being held prior to vesting, the reporting person will have the right to receive all cash dividends and to vote the restricted shares. All unvested shares will forfeit upon termination of employment. Includes 243,164 of restricted stock awarded under the Cousins Properties Incorporated (CPI) 2019 Omnibus Incentive Stock Plan. While the shares are being held prior to vesting, the reporting person will have the right to receive all cash dividends and to vote the restricted shares. All unvested shares will forfeit upon termination of employment. Shares withheld from the vesting of restricted stock to pay the reporting person's tax liability as permitted under the 2019 Omnibus Incentive Stock Plan. Includes 173,466 of restricted stock awarded under the Cousins Properties Incorporated (CPI) 2019 Omnibus Incentive Stock Plan. While the shares are being held prior to vesting, the reporting person will have the right to receive all cash dividends and to vote the restricted shares. All unvested shares will forfeit upon termination of employment.
FAQ
What insider transactions did CUZ President & CEO Michael Colin Connolly report?
Michael Colin Connolly reported an award of 102,404 restricted common shares and a tax-withholding disposition of 31,044 shares. Both transactions relate to Cousins Properties’ 2019 Omnibus Incentive Stock Plan rather than open-market buying or selling activity.
How do the CUZ CEO’s restricted stock awards work under the 2019 plan?
Restricted stock awarded under the 2019 Omnibus Incentive Stock Plan vests over time and is held by Cousins Properties until vesting. During this period, the CEO receives all cash dividends and voting rights, but unvested shares are forfeited if employment terminates.
What portion of the CUZ CEO’s holdings are restricted stock after these transactions?
Following the reported activity, his holdings include 173,466 restricted shares awarded under the 2019 Omnibus Incentive Stock Plan. These restricted shares provide dividends and voting rights while unvested but are subject to forfeiture upon termination of employment.