Cousins Properties (CUZ) CFO gains 32,505 shares after RSU performance vest
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ADZEMA GREGG D
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 32,505 | $24.84 | $807K |
Holdings After Transaction:
Common Stock — 154,215 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 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?
Gregg D. Adzema reported acquiring 32,505 shares of Cousins Properties common stock. The shares came from the settlement of previously granted Restricted Stock Units after a completed three-year performance period, rather than an open-market purchase, and were priced at $24.84 per share.
What are the terms of Adzema’s restricted CUZ stock under the 2019 plan?
The filing notes that Adzema’s holdings include 44,707 shares of restricted stock granted under the 2019 Omnibus Incentive Stock Plan. While unvested, he may receive cash dividends and vote these shares, but all unvested restricted shares will be forfeited if his employment terminates.
What approvals were required for CUZ to settle Gregg D. Adzema’s RSUs?
Performance for the RSUs’ three-year period, ending December 31, 2025, had to meet previously disclosed performance conditions. Cousins Properties’ Board of Directors approved the level of performance achievement on February 2, 2026, which allowed the RSUs to settle into common shares that day.