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Insider Trends: Cousins Properties Insider Sells Shares for Tax Slowing 90-Day Buy Trend

· 02/05/2021 12:51

05:38 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, Michael Colin Connolly, President & CEO, completed a sale of 4,952 Cousins Properties (CUZ) shares for approximately $161,633 to meet tax obligations. After the Form 4 filing with the SEC, Connolly owns 92,911 shares of the company, with a market value, based on the prior-day closing price, of $3.03 million.

In the 90 days previous to the date of this filing, there have been 8 insider transactions reported to the SEC for Cousins Properties. These transactions came from the activities of 7 different insiders that resulted in a net acquisition of 70,708 company shares. Relative to the preceding 90-day window of time, there are no insider transactions for the company.

This is a lower level of transactions than the peer group average in the 49-company Commercial REITs peer group over the last 90-day period. Peer group activity averaged 97.2 transactions per company, and disposition of 72,004 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/25232/000156218021000946/xslF345X03/primarydocument.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.