Connolly Michael Colin - Feb 3, 2023 Form 4 Insider Report for COUSINS PROPERTIES INC (CUZ)

Role
President & CEO
Signature
/s /Pamela Roper, Attorney-in-Fact for Connolly Michael Colin
Stock symbol
CUZ
Transactions as of
Feb 3, 2023
Transactions value $
$797,536
Form type
4
Date filed
2/8/2023, 04:23 PM
Previous filing
Feb 3, 2023
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUZ Common Stock Tax liability -$88.5K -3.27K -2.97% $27.07 107K Feb 3, 2023 Direct F1, F2
transaction CUZ Common Stock Award $1.61M +61.1K +57.09% $26.41 168K Feb 6, 2023 Direct F2, F3
transaction CUZ Common Stock Tax liability -$728K -27.6K -16.39% $26.41 141K Feb 6, 2023 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.