Cousins Properties (NYSE: CUZ) EVP receives 15,432 shares from RSU vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cousins Properties executive vice president Richard G. Hickson IV reported receiving common shares through equity compensation. On February 2, 2026, he acquired 15,432 shares of common stock at a reported price of $24.84 per share following the vesting of previously granted Restricted Stock Units (RSUs).
The RSUs were granted on February 16, 2023 under the CPI 2019 Omnibus Incentive Stock Plan and cliff vested after a three-year performance period ending December 31, 2025, once performance was approved by the board. After this settlement and tax withholding, Hickson beneficially owns 88,927 common shares, including 21,181 shares of restricted stock that continue to be subject to forfeiture if his employment ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hickson Richard G IV
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,432 | $24.84 | $383K |
Holdings After Transaction:
Common Stock — 88,927 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 21,181 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 executive Richard G. Hickson IV report?
Richard G. Hickson IV reported acquiring 15,432 shares of Cousins Properties common stock. The shares were delivered upon settlement of previously granted Restricted Stock Units under the 2019 Omnibus Incentive Stock Plan, following completion of a three-year performance period and board approval of performance results.
What plan governed the RSUs reported in this CUZ Form 4 filing?
The RSUs were granted under the Cousins Properties Incorporated 2019 Omnibus Incentive Stock Plan. They entitled the holder to receive one share of common stock per unit at settlement, subject to achievement of previously disclosed performance conditions and approval of results by the company’s board of directors.
What rights attach to Hickson’s unvested restricted stock in CUZ?
Hickson has the right to receive all cash dividends and vote his 21,181 restricted shares while unvested. However, all unvested restricted stock will be forfeited upon termination of employment, meaning continued service is required to retain these equity awards in full.