MCCOLL JOHN S 4
Research Summary
AI-generated summary
Cousins Properties (CUZ) Exec VP John McColl Receives Restricted Stock
What Happened
- John S. McColl, Executive Vice President of Cousins Properties (CUZ), received a grant of 15,316 restricted shares on 2026-02-13 at a reported value of $22.46 per share (total ~$343,997).
- On 2026-02-17, 4,873 shares were withheld (disposed) at $22.46 per share to cover the tax withholding related to the award (total ~$109,448). The withholding is reported under code F (tax withholding), not an open-market sale.
Key Details
- Transaction types: A = Award/Grant (15,316 shares on 2026-02-13); F = Shares withheld for taxes (4,873 shares on 2026-02-17). Price used for both: $22.46/share.
- Values: Grant ≈ $343,997; withheld for taxes ≈ $109,448.
- Shares owned after the reported transactions: the filing excerpt provided does not state a single “amount owned following report”; footnotes reference additional restricted stock holdings (includes 37,445 and 26,505 restricted shares under the company’s 2019 Omnibus Incentive Plan).
- Notable footnotes: Grant is restricted stock under the CPI 2019 Omnibus Incentive Stock Plan; shares vest equally over three years, are held by the company until vested, carry dividend and voting rights while unvested, and will forfeit on termination. Withholding (F3) indicates shares were surrendered from the vesting award to pay taxes.
Context
- This was an equity award grant (a common form of executive compensation) with routine tax-withholding via share surrender — not an open-market sale. Such awards signal compensation alignment with shareholders but are not a direct buy or sell decision by the executive.
- Filing date: 2026-02-17 (reports transactions occurring 2026-02-13 and 2026-02-17). The filing itself does not indicate a 10b5-1 plan or other pre-arranged sale program.