Cousins Properties (NYSE: CUZ) EVP Kennedy Hicks receives 20,679 RSU shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cousins Properties executive Jane Kennedy Hicks reported acquiring common stock through an equity award settlement. On February 2, 2026, she received 20,679 shares of Cousins Properties common stock at $24.84 per share from the settlement of previously granted Restricted Stock Units under the 2019 Omnibus Incentive Stock Plan.
The RSUs were granted on February 16, 2023 and cliff vested after a three-year performance period ending December 31, 2025, following Board approval of performance achievement. After this transaction, she beneficially owns 92,436 shares of common stock, including 28,616 shares of unvested restricted stock that carry dividend and voting rights but are subject to forfeiture upon termination of employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hicks Jane Kennedy
Role
EVP, Chief Investment Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,679 | $24.84 | $514K |
Holdings After Transaction:
Common Stock — 92,436 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 28,616 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 Jane Kennedy Hicks report?
Jane Kennedy Hicks reported acquiring 20,679 shares of Cousins Properties common stock. The shares were delivered on February 2, 2026 upon settlement of previously granted Restricted Stock Units under the company’s 2019 Omnibus Incentive Stock Plan following Board-approved performance achievement.
What performance conditions applied to the CUZ RSUs settled for Jane Kennedy Hicks?
The RSUs cliff vested at the end of a three-year performance period ending December 31, 2025. Vesting was subject to previously disclosed performance conditions, with performance achievement approved by Cousins Properties’ Board of Directors on February 2, 2026 before the shares were delivered.
What rights does Jane Kennedy Hicks have on her unvested CUZ restricted stock?
For the 28,616 unvested restricted shares, she has the right to receive all cash dividends and to vote those shares while they are held. However, all unvested restricted shares will be forfeited if her employment with Cousins Properties terminates.