Connolly Michael Colin 4

What Happened
Michael Colin Connolly, President & CEO of Cousins Properties (CUZ), received 84,420 shares on Feb 2, 2026 as the settlement of previously granted Restricted Stock Units (RSUs). The shares are valued at $24.84 each, for a total value of about $2,096,993. This was an award/acquisition (A) — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-02; Form filed: 2026-02-04 (timely filing).
• Price used for reporting: $24.84 per share. Total reported value ≈ $2,096,993.
• Transaction type: Award/settlement of RSUs (code A).
• Shares delivered reflect withholding to satisfy tax obligations per the plan (footnote F2).
• The RSUs were originally granted on Feb 16, 2023 and cliff-vested after the three-year performance period ending Dec 31, 2025, with performance achievement approved by the Board on Feb 2, 2026 (footnote F1).
• Footnote F3 notes 140,760 restricted shares awarded under the 2019 Omnibus Plan; restricted shares while unvested carry voting rights and dividends but forfeit on termination.
• Shares owned after the transaction are not specified in the provided filing excerpt.

Context
This was a settlement of long-term incentive RSUs tied to a multi-year performance period — a routine executive compensation event when performance conditions are met. Because shares were delivered net of tax withholding, fewer than the full RSU count may have been issued to the insider. This type of award reflects compensation realization rather than a direct market sentiment signal.