Roper Pamela F. - 16 Feb 2023 Form 4 Insider Report for COUSINS PROPERTIES INC (CUZ)

Signature
/s/ Pamela F. Roper
Issuer symbol
CUZ
Transactions as of
16 Feb 2023
Net transactions value
+$72,931
Form type
4
Filing time
21 Feb 2023, 15:25:20 UTC
Previous filing
08 Feb 2023
Next filing
02 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUZ Common Stock Award $229,999 +8,792 +22% $26.16 48,336 16 Feb 2023 Direct F1, F2
transaction CUZ Common Stock Sale $157,068 -6,095 -13% $25.77 42,241 17 Feb 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award of restricted stock shares under the Cousins Properties Incorporated (CPI) 2019 Omnibus Incentive Stock Plan. These shares will vest equally over three years on each anniversary date of the grant. CPI will hold these shares until such shares become vested. 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.
F2 Includes 14,644 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.
F3 As noted in the Form 4 filing on 2/8/23, beginning with the February 3, 2020 RSU grants under the CPI Omnibus incentive Stock Plan, all outstanding performance and market based RSUs are now settled in stock, rather than cash. The reporting person disposed of shares equal in amount to a portion of the after tax number of shares awarded to the reporting person in connection with the vesting of the February 3, 2020 RSU grant, but the disposed shares consist solely of shares that had been owned by executive for more than two years.