Cousins Properties (CUZ) SVP gains 5,348 shares as RSUs vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cousins Properties senior vice president and chief accounting officer Jeffrey D. Symes received 5,348 shares of common stock on February 2, 2026 from the settlement of previously granted restricted stock units under the CPI 2019 Omnibus Incentive Stock Plan at a price of $24.84 per share.
These RSUs were granted on February 16, 2023 and cliff vested after a three-year performance period ending December 31, 2025, following approval of performance achievement by the board. After tax withholding at up to the maximum statutory rate, Symes now beneficially owns 18,866 shares, including 8,628 unvested restricted shares and 4,890 shares held in a joint account with his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Symes Jeffrey D
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,348 | $24.84 | $133K |
Holdings After Transaction:
Common Stock — 18,866 shares (Direct)
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 8,628 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. Includes 4,890 of stock held in joint account with spouse.
FAQ
What insider transaction did CUZ executive Jeffrey Symes report?
Jeffrey D. Symes, SVP and Chief Accounting Officer of Cousins Properties (CUZ), reported acquiring 5,348 shares of common stock. The shares came from settlement of previously granted restricted stock units under the company’s 2019 Omnibus Incentive Stock Plan after completion of a three-year performance period.
When did the CUZ restricted stock units for Jeffrey Symes vest?
The restricted stock units for Jeffrey Symes cliff vested after a three-year performance period ending December 31, 2025. Performance achievement for these awards was approved by Cousins Properties’ board of directors on February 2, 2026, triggering settlement of the RSUs into common shares.
How were taxes handled on Jeffrey Symes’ CUZ RSU settlement?
For Jeffrey Symes’ restricted stock unit settlement, Cousins Properties delivered shares net of shares withheld for taxes. The footnote states that the acquired 5,348 shares reflect delivery after share withholding to satisfy applicable tax requirements, up to the maximum statutory withholding rate under applicable law.
What plan governed the CUZ restricted stock units received by Jeffrey Symes?
The restricted stock units that settled into 5,348 Cousins Properties shares for Jeffrey Symes were granted under the Cousins Properties Incorporated (CPI) 2019 Omnibus Incentive Stock Plan. The plan provides for stock-based awards, including RSUs and restricted stock, subject to vesting and performance conditions.
What rights does Jeffrey Symes have on his unvested CUZ restricted stock?
For the 8,628 unvested restricted shares, Jeffrey Symes has the right to receive all cash dividends and to vote the shares while they are unvested. However, all unvested shares will be forfeited if his employment with Cousins Properties is terminated, according to the footnote disclosure.