CANNADA CHARLES T 4
Research Summary
AI-generated summary
Cousins Properties (CUZ) Director Charles T. Cannada Receives Award
What Happened
Charles T. Cannada, a director of Cousins Properties Inc. (CUZ), was granted 5,681 shares on June 1, 2026 as part of his 2026–2027 director annual retainer. The shares were valued at $26.40 each, for a total grant value of approximately $149,978. This was an award (compensation) rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-01 (Form 4 filed 2026-06-03). No late filing is indicated.
- Transaction type: Award/Grant (code A).
- Shares granted: 5,681 at $26.40 per share; total value ≈ $149,978.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnote: The grant represents part of the 2026–2027 director retainer paid in stock under the Amended and Restated Cousins Properties 2019 Incentive Stock Plan; the number of shares was calculated using the June 1, 2026 closing price.
- No 10b5-1 trading plan, tax withholding, or other special notations included in the excerpt.
Context
This was a routine director compensation grant (retainer paid in stock), which is a standard way companies compensate non-employee directors. Because it’s a compensation award (not a personal open-market purchase), it’s less a direct signal of the director’s trading view of the stock and more an administrative compensation event.