Form 4: Cousins Properties Director Donna Westbrook Hyland Acquires Shares as Part of Retainer
SEC Form 4 Filing
Director Donna Westbrook Hyland acquired 5,836 shares of Cousins Properties Inc. common stock on May 31, 2024, as part of her annual retainer.
Summary
- On May 31, 2024, Donna Westbrook Hyland, a director of Cousins Properties Inc., acquired 5,836 shares of the company's common stock.
- The acquisition was part of the 2024-2025 director annual retainer, paid in stock under the Cousins Properties Incorporated 2019 Incentive Stock Plan.
- The price per share was $23.13, based on the closing price of Cousins Properties Inc. common stock on May 31, 2024.
- Following the transaction, Hyland directly owns 57,706 shares of Cousins Properties Inc.
Sentiment
Score: 6
Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral sentiment.
Industry Context
Director stock ownership is common in publicly traded companies as it aligns the interests of the board with those of the shareholders. This transaction reflects standard compensation practices for board members.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of stock acquisition by Donna Westbrook Hyland |
| 06/04/2024 | Date of signature on the Form 4 filing |
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