Cousins Properties (CUZ) Form 4: Symes Reduces Stake to 13,518 Shares
Rhea-AI Filing Summary
Jeffrey D. Symes, Senior Vice President and Chief Accounting Officer of Cousins Properties Inc. (CUZ), reported a sale of 4,612 shares of common stock on 09/05/2025 at a reported price of $29.30 per share.
Following the transaction Symes beneficially owns 13,518 shares in total. That total includes 8,628 restricted shares
that are held under the CPI 2019 Omnibus Incentive Stock Plan (these restricted shares retain voting and dividend rights while unvested and will forfeit if employment terminates) and 4,890 shares held jointly with his spouse. The Form 4 was signed by an attorney-in-fact on behalf of Symes.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider sale disclosed; beneficial ownership remains meaningful due to restricted shares and joint holdings.
The filing documents a single non-derivative sale by a named officer totaling 4,612 shares at $29.30, leaving 13,518 shares beneficially owned. The disclosure clarifies that 8,628 shares are restricted under the company's omnibus plan and retain voting and dividend rights while unvested. From a governance perspective, the report is a timely, compliant disclosure that preserves market transparency. The presence of substantial restricted stock suggests ongoing alignment with compensation design, while the joint-holding disclosure improves ownership clarity.
TL;DR: Insider sold a modest block; transaction alone is not clearly material to valuation.
The sale of 4,612 shares at $29.30 reduces the officer's stake but leaves a remaining beneficial position of 13,518 shares, including 8,628 restricted shares and 4,890 jointly held shares. The report contains concrete quantities and prices, enabling straightforward modeling of share-count impact. There is no additional transaction history, 10b5-1 plan notation, or derivative activity disclosed here, limiting conclusions about intent or timing. As reported facts only, the trade documents compliance and updated ownership levels for investors and regulators.