Hickson Richard G IV 4
4 · COUSINS PROPERTIES INC · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Cousins Properties (CUZ) EVP Richard G. Hickson IV Receives Award
What Happened
Richard G. Hickson IV, Executive Vice President of Cousins Properties (CUZ), received an award of 14,693 restricted shares on 2026-02-13 valued at $22.46 each (total $330,005). To satisfy the tax withholding on that grant, 4,640 shares were withheld on 2026-02-17 at the same $22.46 price (value $104,214).
Key Details
- Primary grant: 14,693 restricted shares (Code A) at $22.46/share — total value $330,005 (granted 2026-02-13).
- Tax withholding: 4,640 shares withheld (Code F) at $22.46/share — value $104,214 (recorded 2026-02-17).
- Vesting: Awarded restricted shares vest equally over three years on each anniversary of the grant; Cousins will hold the shares until they vest. While unvested, the reporting person has dividend and voting rights; unvested shares forfeit upon termination (Footnote F1).
- Additional restricted shares noted in the filing: 35,874 (F2) and 25,458 (F4) awarded under the 2019 Omnibus Incentive Stock Plan.
- Shares owned after the transactions are not specified in this filing.
- Filing: Form 4 filed 2026-02-17 for a 2026-02-13 transaction — filed within the SEC’s two-business-day window (no late filing indicated).
Context
This was a restricted stock award (not an open-market purchase or option exercise). The withholding of 4,640 shares to pay taxes is a routine administrative disposition common with equity grants and does not represent a voluntary sale for investment purposes. The award vests over three years, so the economic ownership and potential sale restrictions remain until vesting.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-13$22.46/sh+14,693$330,005→ 103,620 total - Tax Payment
Common Stock
[F3][F4]2026-02-17$22.46/sh−4,640$104,214→ 98,980 total
Footnotes (4)
- [F1]Award of restricted stock shares under the Cousins Properties Incorporated (CPI) 2019 Omnibus Incentive Stock Plan. These shares will vest equally over three years on each anniversary date of the grant. CPI will hold these shares until such shares become vested. 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.
- [F2]Includes 35,874 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.
- [F3]Shares withheld from the vesting of restricted stock to pay the reporting person's tax liability as permitted under the 2019 Omnibus Incentive Stock Plan.
- [F4]Includes 25,458 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.