RSU vesting lifts Cousins (NYSE: CUZ) CEO stake to 476,665 shares
Rhea-AI Filing Summary
Cousins Properties’ President & CEO Michael Colin Connolly acquired 84,420 shares of common stock on February 2, 2026. The shares were delivered upon settlement of performance-based Restricted Stock Units granted on February 16, 2023 under the company’s 2019 Omnibus Incentive Stock Plan.
The RSUs cliff vested after a three-year performance period ending December 31, 2025, following approval of performance achievement by the board. After tax withholding, Connolly now beneficially owns 476,665 shares of Cousins common stock, including 140,760 restricted shares that carry dividend and voting rights but forfeit if his employment terminates before vesting.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 84,420 | $24.84 | $2.10M |
Footnotes (1)
- Settlement in shares related to Restricted Stock Units (RSUs) granted under the CPI 2019 Omnibus Incentive Stock Plan. These RSUs were granted February 16, 2023, and represent a right to receive, at settlement, one share of common stock. The RSUs "cliff" vested at the end of the three-year performance period ending on December 31, 2025, subject to achievement of certain previously disclosed performance conditions. Performance achievement was approved by CPI's Board of Directors on February 2, 2026. In accordance with the terms of the Plan, and the elections of the grantee, the acquired shares reflect the shares delivered after the withholding necessary to satisfy applicable tax requirements (up to the maximum statutory withholding rate under applicable law). Includes 140,760 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.
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