Hickson Richard G IV 4
Research Summary
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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.