MCCOLL JOHN S 4
4 · COUSINS PROPERTIES INC · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Cousins Properties (CUZ) EVP John McColl Receives Awarded RSU Shares
What Happened
John S. McColl, Executive Vice President of Cousins Properties (CUZ), received 15,772 shares upon settlement of Restricted Stock Units (RSUs) at $24.84 per share, with a total value of roughly $391,776. This was a non‑market award/settlement (code A) of RSUs that cliff‑vested after a three‑year performance period; the Board approved performance achievement on February 2, 2026.
Key Details
- Transaction date: 2026-02-02; filing date: 2026-02-04 (appears timely).
- Shares acquired: 15,772; price per share used for reporting: $24.84; aggregate value ≈ $391,776.
- Tax withholding: Shares were net of withholding to satisfy applicable tax requirements (footnote F2).
- Vesting/performance: These RSUs were granted Feb 16, 2023 and cliff‑vested after a three‑year performance period ending Dec 31, 2025; performance achievement approved by the Board on Feb 2, 2026 (footnote F1).
- Other holdings noted: Filing indicates the reporting person also has 22,129 restricted shares awarded under the same plan; those restricted shares carry dividend and voting rights while unvested and will forfeit on termination (footnote F3).
- Transaction type: Award/settlement of RSUs (not an open‑market purchase or sale).
Context
This was a settlement of performance‑based RSUs rather than an open‑market trade, so it reflects compensation vesting rather than a direct buying or selling decision. Net shares delivered were reduced to cover taxes per the grantee’s elections; unvested restricted shares referenced remain subject to forfeiture and standard plan terms.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-02-02$24.84/sh+15,772$391,776→ 83,073 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 22,129 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.