Form 4: Cousins Properties Inc. Executive Jeffrey D. Symes Reports Stock Transactions
SEC Form 4 Filing
Jeffrey D. Symes, SVP and Chief Accounting Officer of Cousins Properties Inc., reports acquisition and disposal of common stock related to restricted stock units and tax obligations.
Summary
- On January 31, 2025, Jeffrey D. Symes, SVP, Chief Accounting Officer of Cousins Properties Inc., engaged in transactions involving the company's common stock.
- Symes disposed of 416 shares to cover tax liabilities at a price of $30.53 per share.
- He also acquired 3,358 shares at $30.53 per share related to the settlement of Restricted Stock Units (RSUs) granted under the 2019 Omnibus Incentive Stock Plan.
- Following these transactions, Symes beneficially owns 15,471 shares of Cousins Properties Inc.
- This includes 7,632 shares of restricted stock and 4,032 shares held in a joint account with his spouse.
Sentiment
Score: 7
Explanation: The document reflects routine executive compensation transactions. It's a neutral event with no significant positive or negative implications for the company's financial health or future prospects.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
- Companies like Boston Properties (BXP) and Vornado Realty Trust (VNO) also have executives who regularly file Form 4s for similar transactions related to stock options and restricted stock units.
- The vesting schedules and performance conditions associated with the RSUs are typical components of executive compensation packages in the real estate industry.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- Shareholders may view the filing as part of the normal course of executive compensation.
Key Dates
| Date | Description |
|---|---|
| February 1, 2022 | Date the Restricted Stock Units (RSUs) were granted under the CPI 2019 Omnibus Incentive Stock Plan. |
| December 31, 2024 | End of the three-year performance period for the RSUs. |
| January 31, 2025 | Date of the reported transactions: disposal of shares for tax liability and acquisition of shares from RSU settlement; Performance achievement was approved by CPI's Board of Directors. |
| February 4, 2025 | Date of signature on the Form 4 filing. |
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