Hickson Richard G IV 4
4 · COUSINS PROPERTIES INC · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Cousins Properties EVP Richard G. Hickson IV Receives Award
What Happened Richard G. Hickson IV, Executive Vice President of Cousins Properties (CUZ), acquired 15,432 shares via the settlement of restricted stock units (RSUs) on Feb 2, 2026. The shares were valued at $24.84 each, for a total value of about $383,331. This was an award/settlement of previously granted RSUs, not an open-market purchase or sale.
Key Details
- Transaction date: February 2, 2026. Price per share: $24.84. Total value: ~$383,331.
- These shares settle RSUs granted on February 16, 2023 that cliff-vested after the three-year performance period ending Dec 31, 2025; performance achievement was approved by the Board on Feb 2, 2026 (footnote F1).
- Delivered shares reflect withholding to satisfy tax obligations per the grantee's elections (tax withholding up to statutory rates) (footnote F2).
- Filing date / timeliness: Form 4 filed Feb 4, 2026 — filed within the typical two-business-day window (timely).
- Footnote F3 notes the reporting person also has 21,181 restricted shares awarded under the 2019 Omnibus Incentive Stock Plan; those restricted shares carry dividend and voting rights while held and will forfeit if employment terminates.
Context This transaction is a routine settlement of performance-vested RSUs granted as compensation. RSU settlements differ from open-market buys or sells: they reflect company compensation and vesting rules (including performance conditions and tax withholdings), and do not by themselves indicate the insider’s intent to buy or sell additional stock.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-02-02$24.84/sh+15,432$383,331→ 88,927 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 21,181 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.