Roper Pamela F 4
Research Summary
AI-generated summary
Cousins Properties (CUZ) EVP Pamela Roper Receives Restricted Stock Award
What Happened
- Pamela F. Roper, Executive Vice President & General Counsel of Cousins Properties (CUZ), was granted 12,645 restricted shares on 2026-02-13 at a reported value of $22.46/share (total ~ $284,007).
- On 2026-02-17, 4,143 of those shares were withheld (disposed) to satisfy the tax withholding obligation at the same $22.46/share (total ~ $93,052).
- The grant is a restricted stock award (code A); the withholding is a tax payment in shares (code F). This is a compensation award rather than an open-market purchase or sale.
Key Details
- Transaction dates and prices:
- 2026-02-13: Award of 12,645 restricted shares @ $22.46 ($284,007).
- 2026-02-17: 4,143 shares withheld for taxes @ $22.46 ($93,052).
- Shares owned after transaction: Not specified in the filing.
- Relevant footnotes:
- F1: Award vests equally over three years; company holds shares until vested; reporting person retains dividend and voting rights while unvested; unvested shares forfeit on termination.
- F3: Withheld shares were used to pay the reporting person's tax liability per the 2019 Omnibus Incentive Plan.
- F2/F4: Filing references additional restricted stock awards of 31,301 and 22,000 shares (previous/other grants) that remain subject to similar vesting/forfeiture terms.
- Timeliness: Filing dated 2026-02-17 reports transactions from 2026-02-13 and 02-17; the report appears timely (filed within required business-day window).
Context
- Restricted stock awards are compensation and typically vest over time; withholding of shares for taxes is a routine administrative step and not an open-market sale. The reporting person retains dividend and voting rights on unvested shares per the plan terms.