ADZEMA GREGG D 4
4 · COUSINS PROPERTIES INC · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Cousins Properties (CUZ) CFO Gregg Adzema Receives RSU Award
What Happened Gregg D. Adzema, EVP and Chief Financial Officer of Cousins Properties (CUZ), was issued 32,505 shares on 2026-02-02 as the settlement of previously granted Restricted Stock Units (RSUs). The reported acquisition price is $24.84 per share, for a total value of roughly $807,424. This was an award/settlement (not an open-market purchase or sale).
Key Details
- Transaction date and type: 2026-02-02 — Award/Acquisition (RSU settlement; Form 4 code A).
- Shares and price: 32,505 shares at $24.84 per share; total ~ $807,424.
- Grant/Vesting: RSUs were originally granted 2023-02-16 and cliff-vested after the three-year performance period ending 2025-12-31; CPI’s Board approved performance achievement on 2026-02-02 (footnote F1).
- Tax withholding: Shares delivered reflect withholding to satisfy tax obligations (net shares after withholding up to statutory rates) (footnote F2).
- Other holdings noted: Filing references 44,707 restricted shares awarded under the CPI 2019 Omnibus Incentive Stock Plan that, while unvested, carry voting rights and dividend rights and will forfeit on termination (footnote F3).
- Filing timeliness: Reported on Form 4 with a filing date of 2026-02-04 for a 2026-02-02 transaction — appears to be timely.
Context This was a settlement of performance-based RSUs (compensation-related), not a market buy or sell. RSU settlements reflect previously negotiated compensation and achievement of performance criteria; they do not by themselves indicate insider buying or selling intent in the open market.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-02-02$24.84/sh+32,505$807,424→ 154,215 total
Footnotes (3)
- [F1]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.
- [F2]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).
- [F3]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.