ADZEMA GREGG D 4
Research Summary
AI-generated summary
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.