Form 4: Cousins Properties Director Stock Transactions
Statement of Changes in Beneficial Ownership
Susan Givens, a Director at Cousins Properties Inc., reported stock acquisitions totaling 9,070 shares on June 1, 2026, as part of her director compensation.
Summary
- Director Susan Givens acquired 5,681 shares of common stock on June 1, 2026, valued at $26.40 per share, as a portion of her 2026-2027 annual retainer under the 2019 Incentive Stock Plan.
- Additionally, Ms. Givens received 3,389 shares on the same date, valued at 95% of the closing price ($25.08 per share), in lieu of cash compensation for director fees.
- Following these transactions, Ms. Givens beneficially owns 18,725 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine director compensation transactions rather than significant strategic or financial performance indicators.
Positives
- Director compensation is being paid, in part, through stock awards, aligning director interests with shareholders.
- The acquisition of shares by a director indicates continued commitment and confidence in the company's performance.
- The use of stock for director fees can help conserve company cash.
Future Outlook
This filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that the use of stock awards for director compensation is a common practice in the Real Estate Investment Trust (REIT) sector, including companies like Cousins Properties, to align executive and director interests with those of shareholders and to manage cash flow effectively.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Susan Givens granted a Power of Attorney to Gregg D. Adzema, Pamela F. Roper, Jeffrey D. Symes, and M. Colin Connolly to execute Forms 3, 4, and 5 on her behalf. | 04/02/2025 | Facilitates timely and accurate SEC filings related to beneficial ownership changes. |
Stakeholder Impact
- Shareholders: The issuance of stock to directors aligns their interests with shareholders, potentially leading to decisions that benefit long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 04/02/2025 | Date of Signature for Power of Attorney |
| 06/01/2026 | Transaction Date for stock acquisitions by Susan Givens |
| 06/03/2026 | Date of Report Filing |
Keywords
Form 4, SEC Filing, Cousins Properties, CUZ, Director Compensation, Stock Acquisition, Beneficial Ownership, Susan Givens, Incentive Stock Plan
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