Form 4: Cousins Properties Inc. EVP and CFO Gregg D. Adzema Sells Shares

Gregg D. Adzema, EVP and CFO of Cousins Properties Inc., sold 71,097 shares of common stock at a price of $23.31 on May 2, 2024.

Summary

• On May 2, 2024, Gregg D. Adzema, the EVP and CFO of Cousins Properties Inc., sold 71,097 shares of the company's common stock.
• The sale was executed at a weighted average price of $23.31 per share.
• Following the transaction, Adzema directly owns 85,872 shares of Cousins Properties Inc.
• This total includes 41,881 shares of restricted stock awarded under the company's 2019 Omnibus Incentive Stock Plan.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction. It doesn't convey any positive or negative sentiment about the company's performance or future prospects.

Industry Context

This is a routine disclosure of a stock sale by a company executive and doesn't necessarily indicate a broader trend in the real estate industry or among competitors.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder confidence, but is unlikely to be significant given the size of the transaction relative to the company's overall market capitalization.

Key Dates