Cousins Properties (CUZ) CFO gains 32,505 shares after RSU performance vest
Rhea-AI Filing Summary
Cousins Properties executive Gregg D. Adzema, EVP and CFO, acquired 32,505 shares of common stock on February 2, 2026 at $24.84 per share. The shares were delivered upon settlement of Restricted Stock Units granted under the CPI 2019 Omnibus Incentive Stock Plan after a three-year performance period ending December 31, 2025, following board approval of performance achievement.
The acquired amount reflects shares remaining after share withholding to cover applicable taxes. Following this transaction, Adzema beneficially owned 154,215 common shares, including 44,707 shares of restricted stock that carry dividend and voting rights but will be forfeited if employment terminates before vesting.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 32,505 | $24.84 | $807K |
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 44,707 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 transaction did CUZ EVP and CFO Gregg D. Adzema report?
What are the terms of Adzema’s restricted CUZ stock under the 2019 plan?
What approvals were required for CUZ to settle Gregg D. Adzema’s RSUs?