Griffin R Kent Jr 4
Research Summary
AI-generated summary
Cousins Properties (CUZ) Director Griffin R Kent Jr Receives Award
What Happened
- Griffin R Kent Jr, a director of Cousins Properties, received two stock awards on June 1, 2026 totaling 9,867 shares valued at $254,963. The awards were: 5,681 shares at $26.40 each ($149,978) and 4,186 shares at $25.08 each ($104,985). These were awards/stock issued as director compensation under the company's 2019 Incentive Stock Plan (transaction code A). This is an issuance of shares (compensation), not an open-market purchase or sale.
Key Details
- Transaction dates and prices: 2026-06-01 — 5,681 shares @ $26.40; 4,186 shares @ $25.08.
- Total shares received: 9,867; total reported value: $254,963.
- Shares owned after transaction: not specified in the publicly provided filing excerpt.
- Footnotes: (F1) Portion of the 2026–2027 director annual retainer was paid in stock; closing price on June 1, 2026 was used to determine share counts. (F2) Stock issued in lieu of cash director fees was valued at 95% of the closing price per the 2019 Plan.
- Filing timeliness: Form 4 filed 2026-06-03 reporting transactions of 2026-06-01; appears to be filed timely (no late-report flag noted).
Context
- These awards represent routine director compensation and stock issued in lieu of cash fees under the company plan, which is common practice for boards. Such grants increase an insider's stake but are compensation-related and do not necessarily signal a trading view on the company.