Director at Cousins Properties (NYSE: CUZ) receives stock grants as board fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Griffin R Kent Jr reported acquisition or exercise transactions in this Form 4 filing.
Cousins Properties Inc. director R. Kent Griffin Jr. reported stock-based compensation rather than open-market trading. On June 1, 2026, he received two awards of common stock classified as grants or awards.
The filing shows one grant of 4,186 shares at a reference value of $25.08 per share, representing a portion of the 2026–2027 director annual retainer paid in stock under the Amended and Restated Cousins Properties Incorporated Omnibus 2019 Incentive Stock Plan. A second grant of 5,681 shares was issued for director fees in place of cash compensation, valued at 95% of the closing price of $26.40 per share on the issuance date, in line with that plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Griffin R Kent Jr
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,681 | $26.40 | $150K |
| Grant/Award | Common Stock | 4,186 | $25.08 | $105K |
Holdings After Transaction:
Common Stock — 83,143 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: 4,186 shares
Second stock grant: 5,681 shares
Reference price first grant: $25.08 per share
+3 more
6 metrics
First stock grant
4,186 shares
Common Stock grant on June 1, 2026
Second stock grant
5,681 shares
Common Stock grant on June 1, 2026
Reference price first grant
$25.08 per share
Value used to determine 4,186-share grant
Reference price second grant
$26.40 per share
Closing price for 5,681-share grant, issued at 95%
Valuation discount
95% of closing price
Pricing formula for stock issued in place of cash fees
Transaction code
A (grant/award acquisition)
Both Form 4 entries classified as awards, not market trades
Key Terms
Omnibus 2019 Incentive Stock Plan, director annual retainer, stock issued for director fees, grant, award, or other acquisition
4 terms
Omnibus 2019 Incentive Stock Plan financial
"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"
stock issued for director fees financial
"Stock issued for director fees in place of cash compensation"
grant, award, or other acquisition regulatory
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Cousins Properties (CUZ) director R. Kent Griffin Jr. report on this Form 4?
He reported receiving two grants of common stock as part of his director compensation on June 1, 2026. These awards were classified as grant or award acquisitions rather than open-market purchases or sales of Cousins Properties shares.
At what prices were the Cousins Properties (CUZ) director stock awards valued?
One award was valued using a $25.08 per share reference price, while the other used $26.40 per share. The second grant was issued at 95% of the closing price on the issuance date, following the terms of the 2019 incentive plan.
Were the Cousins Properties (CUZ) Form 4 transactions open-market buys or sells?
No, the reported transactions are grant or award acquisitions, not open-market buys or sells. They represent stock issued in lieu of cash director fees under the company’s Amended and Restated Omnibus 2019 Incentive Stock Plan.
What plan governed the Cousins Properties (CUZ) director stock grants?
Both grants were made under the Amended and Restated Cousins Properties Incorporated Omnibus 2019 Incentive Stock Plan. The plan allows director fees to be paid in stock, with values based on the closing price, sometimes at a specified discount.