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COUSINS PROPERTIES INC — Director's Dealing 2023
Feb 8, 2023
31058_dirs_2023-02-08_49d86cc9-8728-4fef-80ac-50e6f52f29fd.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COUSINS PROPERTIES INC (CUZ)
CIK: 0000025232
Period of Report: 2023-02-03
Reporting Person: Roper Pamela F (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-03 | Common Stock | F | 693.00 | $27.07 | Disposed | 32476.00 | Direct |
| 2023-02-06 | Common Stock | A | 12902.00 | $26.41 | Acquired | 45378.00 | Direct |
| 2023-02-06 | Common Stock | F | 5834.00 | $26.41 | Disposed | 39544.00 | Direct |
Footnotes
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 5,852 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.