Adzema Gregg D - Feb 5, 2024 Form 4 Insider Report for COUSINS PROPERTIES INC (CUZ)

Signature
/s /Pamela Roper, Attorney-in-Fact for ADZEMA GREGG D
Stock symbol
CUZ
Transactions as of
Feb 5, 2024
Transactions value $
$439,368
Form type
4
Date filed
2/7/2024, 05:08 PM
Previous filing
Feb 2, 2024
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUZ Common Stock Award $439K +20.1K +17.43% $21.87 135K Feb 5, 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Settlement in shares related to Restricted Stock Units (RSUs) granted under the CPI 2019 Omnibus Incentive Stock Plan. These RSUs were granted February 1, 2021, 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, 2023, subject to achievement of certain previously disclosed performance conditions. Performance achievement was approved by CPI's Board of Directors on February 5, 2024.
F2 In accordance with the terms of the Plan, and the election of the grantee, the acquired shares reflect the shares delivered after the withholding necessary to satisfy applicable tax requirements (up to the maximum statutory withholding rate under applicable law).
F3 Includes 23,941 of restricted stock awarded under the Cousins Properties Incorporated (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