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