Symes Jeffrey D 4
Research Summary
AI-generated summary
Cousins Properties (CUZ) SVP Jeffrey Symes Receives Restricted Stock Award
What Happened
- Jeffrey D. Symes, Senior Vice President and Chief Accounting Officer of Cousins Properties (CUZ), received a grant of 5,788 restricted shares on 2026-02-13 valued at $22.46 each (total ~$129,998).
- On 2026-02-17, 1,936 of those shares were withheld/disposed to satisfy the reporting person's tax liability (at the same $22.46 price, value ~$43,483). Net new restricted shares delivered = 3,852.
Key Details
- Transaction types: A = Award/Grant (5,788 shares), F = Shares withheld for taxes (1,936 shares).
- Prices and values: $22.46 per share; award value $129,998; tax-withheld shares value $43,483.
- Vesting: The restricted shares vest equally over three years (annual vesting on each anniversary). Company holds the shares until they vest; Symes retains voting rights and cash dividends while shares are unvested. Unvested shares forfeit upon termination.
- Other holdings noted in the filing: the filing references additional restricted-stock amounts (e.g., 14,416 and 10,070 restricted shares in prior awards) and 4,890 shares held jointly with spouse.
- Filing date: Form filed 2026-02-17 for a 2026-02-13 grant; filing appears to be timely.
Context
- This was an equity award (restricted stock grant) rather than an open-market purchase or sale. The withholding of 1,936 shares was to cover tax obligations (a routine administrative action), not a market sale.
- Restricted-stock awards indicate compensation alignment with long-term shareholder performance but do not necessarily signal a personal trading decision.