4//SEC Filing
Connolly Michael Colin 4
Accession 0001562180-23-001137
CIK 0000025232other
Filed
Feb 7, 7:00 PM ET
Accepted
Feb 8, 5:23 PM ET
Size
9.5 KB
Accession
0001562180-23-001137
Insider Transaction Report
Form 4
Connolly Michael Colin
Chief Investment Officer
Transactions
- Tax Payment
Common Stock
2023-02-03$27.07/sh−3,271$88,546→ 107,040 total - Award
Common Stock
2023-02-06$26.41/sh+61,114$1,614,021→ 168,154 total - Tax Payment
Common Stock
2023-02-06$26.41/sh−27,563$727,939→ 140,591 total
Footnotes (4)
- [F1]Shares withheld from the vesting of restricted stock to pay the reporting person's tax liability as permitted under the Cousins Properties Incorporated(CPI) 2009 Incentive Stock Plan and 2019 Omnibus Incentive Stock Plan.
- [F2]Includes 34,779 of restricted stock awarded under the 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]Settlement in shares related to Restricted Stock Units (RSUs) granted under the CPI 2019 Omnibus Incentive Stock Plan. These RSUs were granted February 3, 2020, 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, 2022, subject to achievement of certain previously disclosed performance conditions. Performance achievement was approved by CPI's Board of Directors on February 6, 2023. Prior to vesting, the RSUs accumulate dividend equivalent units (DEU) equal to the dividends that would have been received had the reporting person owned shares during the period. The value of these DEUs settle in company stock. Company grants of RSUs prior to February 3, 2020 were settled in cash.
- [F4]Shares withheld from the settlement of RSUs to pay the reporting person's tax liability as permitted under the CPI 2019 Omnibus Incentive Stock Plan.
Documents
Issuer
COUSINS PROPERTIES INC
CIK 0000025232
Entity typeother
Related Parties
1- filerCIK 0001578492
Filing Metadata
- Form type
- 4
- Filed
- Feb 7, 7:00 PM ET
- Accepted
- Feb 8, 5:23 PM ET
- Size
- 9.5 KB