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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Year
SCT Total
for PEO (1)
CAP to PEO
(2)
Average SCT
Total for
Non-PEO
NEOs (1)
Average CAP
to Non-PEO
NEOs (2)
Value of Initial Fixed $100
Investment Based On (3):
Net Income
(in thousands)
(4) (5)
FFO
Per Share
(5) (6)
Cousins
TSR
Peer Group
TSR
2023
$6,656,421
$7,106,946
$1,978,105
$2,123,193
$70.05
$63.34
$83,816
$2.62
2022
$5,572,678
$2,819,861
$1,703,776
$983,204
$68.67
$62.07
$167,445
$2.72
2021
$4,804,609
$6,911,912
$1,604,836
$2,155,707
$105.10
$99.51
$278,996
$2.75
2020
$3,907,620
$3,832,536
$1,347,759
$1,288,015
$85.24
$81.56
$238,114
$2.78
     
Company Selected Measure Name FFO per share      
Named Executive Officers, Footnote Amounts reflect total compensation reported in the SCT for our principal executive officer (the “PEO”), M. Colin Connolly, and an average of total
compensation reported in the SCT for our four other non-PEO NEOs for each applicable year. The non-PEO NEOs in each of the 2023, 2022, and
2021 periods were Gregg D. Adzema, Kennedy Hicks, Richard G. Hickson IV, and John S. McColl. The non-PEO NEOs for the 2020 period were
Gregg D. Adzema, Pamela F. Roper, Richard G. Hickson, and John S. McColl.
     
Peer Group Issuers, Footnote Our TSR Peer Group are members of the FTSE Nareit Equity Office Index for the entirety of the respective performance periods. As shown in the
chart below, the calculated CAP for both the PEO and the Non-PEO NEOs is correlated with the Company’s TSR for each of the years set forth in
the table above, which begins with an initial fixed $100 investment on December 31, 2019. This is due primarily to the Company’s use of equity
awards in the long-term incentive compensation plan, which results in the alignment of the value of our executives’ outstanding and unvested
awards with shareholders’ interests. As described in detail in the Compensation Discussion and Analysis beginning on page 60, the value of the
awards issued under our long-term incentive compensation program are directly linked to stock price and represent a substantial portion of our
NEOs’ compensation which serves to align our executives’ interests with our shareholders’ interests. The impact of equity incentive compensation is
greater for the PEO’s CAP calculation because the portion of his compensation that is delivered in the form of equity incentives is greater than that
portion for the Non-PEO NEOs. During the covered years, the CAP to the PEO and the Non-PEO NEOs moved in the same direction as the
Company’s TSR.
     
PEO Total Compensation Amount $ 6,656,421 $ 5,572,678 $ 4,804,609 $ 3,907,620
PEO Actually Paid Compensation Amount $ 7,106,946 2,819,861 6,911,912 3,832,536
Adjustment To PEO Compensation, Footnote Amounts reflect CAP as computed in accordance with SEC rules. Stock compensation in the SCT is reflective of the grant date fair value of awards
granted in the respective years. See tables below for the detail of the adjustments made to SCT in calculation of CAP. The Company does not
maintain a defined benefit pension plan, so no pension adjustments were made. The CAP reflected below does not reflect the actual amount of
compensation delivered to our NEOs during the applicable year as it includes changes in the value of stock compensation for awards which
remained unvested at the end of the applicable year.
PEO Reconciliation of SCT to CAP:
2023
2022
2021
2020
SCT Total for PEO
$6,656,421
$5,572,678
$4,804,609
$3,907,620
PEO Adjustments: (A)
Remove stock compensation included in  SCT
(4,602,915)
(3,828,832)
(2,999,439)
(2,403,537)
Add Fair value of awards granted in year and unvested as of year-end
4,478,060
2,713,764
4,002,325
2,253,804
Add (subtract) changes in fair value from prior year-end to current year-end of
awards granted prior to year that were unvested as of year-end
131,326
(1,860,649)
904,595
(62,185)
Add (subtract) changes in fair value from prior year-end to current vesting
date for awards that vested during the year (B)
329,666
(45,565)
(12,480)
13,772
Add Dividends Paid on Unvested Awards (C)
114,388
268,465
212,302
123,062
Total Adjustments
450,525
(2,752,817)
2,107,303
(75,084)
CAP to PEO
$7,106,946
$2,819,861
$6,911,912
$3,832,536
In calculating the necessary adjustments to the SCT, fair values of equity awards were determined as follows:
The fair value of the Market RSUs settled in company shares reflects the fair market value per RSU determined using a Monte Carol valuation as
of December 31 for each respective year, with the exception of the December 31, 2023 value of the 2021 grant, which is based on the closing
share price of Cousins Common Stock times the completed achievement of 166.8% of this award.
The fair value of the Performance RSUs settled in company shares reflects the closing price of Cousins Common Stock as of December 31, for
each respective year multiplied times the shares to be awarded upon vesting (using the most probable outcome of the performance condition
for performance based awards).
The fair value of the Service, Performance, and Market Based RSUs settled in cash, reflects the average of the closing price of Cousins Common
Stock of each trading day in the 30 day period ending on December 31 for each respective year or the vesting date (for awards that vested
during the year at a date other than year end) times the shares awarded or to be awarded upon vesting (using the most probable outcome of
the performance or market condition for performance and market based awards.)
The fair value of restricted stock reflects the closing price of Cousins Common Stock as of December 31, for each respective year multiplied
times the number of shares outstanding or, for awards that vested during the year, the closing price of Cousins Stock as of the vesting date
multiplied by the number of shares that vested.
This is inclusive of RSUs with a three-year performance measurement period that ended on December 31 of the prior year, but were not settled
until the subsequent February.
Our restricted stock award recipients, including our NEOs, receive dividend payments on restricted stock prior to vesting. These amounts reflect
the dividends actually paid with respect to unvested restricted stock in the applicable year.
     
Non-PEO NEO Average Total Compensation Amount $ 1,978,105 1,703,776 1,604,836 1,347,759
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,123,193 983,204 2,155,707 1,288,015
Adjustment to Non-PEO NEO Compensation Footnote Amounts reflect CAP as computed in accordance with SEC rules. Stock compensation in the SCT is reflective of the grant date fair value of awards
granted in the respective years. See tables below for the detail of the adjustments made to SCT in calculation of CAP. The Company does not
maintain a defined benefit pension plan, so no pension adjustments were made. The CAP reflected below does not reflect the actual amount of
compensation delivered to our NEOs during the applicable year as it includes changes in the value of stock compensation for awards which
remained unvested at the end of the applicable year.
Non-PEO Reconciliation of SCT to CAP:
2023
2022
2021
2020
Average SCT Total for Non-PEO NEOs
$1,978,105
$1,703,776
$1,604,836
$1,347,759
Non-PEO NEO Adjustments: (A)
Remove stock compensation included in  SCT
(940,229)
(809,396)
(695,329)
(580,853)
Add Fair value of awards granted in year and unvested as of year-end
912,631
573,678
917,167
544,666
Add (subtract) changes in fair value from prior year-end to current year-end of
awards granted prior to year that were unvested as of year-end
32,869
(533,304)
266,850
(85,122)
Add (subtract) changes in fair value from prior year-end to current vesting
date for awards that vested during the year (B)
115,671
(11,274)
3,186
8,509
Add Dividends Paid on Unvested Awards (C)
24,146
59,724
58,997
53,056
Total Adjustments
145,088
(720,572)
550,871
(59,744)
Average CAP to Non-PEO NEOs
$2,123,193
$983,204
$2,155,707
$1,288,015
In calculating the necessary adjustments to the SCT, fair values of equity awards were determined as follows:
The fair value of the Market RSUs settled in company shares reflects the fair market value per RSU determined using a Monte Carol valuation as
of December 31 for each respective year, with the exception of the December 31, 2023 value of the 2021 grant, which is based on the closing
share price of Cousins Common Stock times the completed achievement of 166.8% of this award.
The fair value of the Performance RSUs settled in company shares reflects the closing price of Cousins Common Stock as of December 31, for
each respective year multiplied times the shares to be awarded upon vesting (using the most probable outcome of the performance condition
for performance based awards).
The fair value of the Service, Performance, and Market Based RSUs settled in cash, reflects the average of the closing price of Cousins Common
Stock of each trading day in the 30 day period ending on December 31 for each respective year or the vesting date (for awards that vested
during the year at a date other than year end) times the shares awarded or to be awarded upon vesting (using the most probable outcome of
the performance or market condition for performance and market based awards.)
The fair value of restricted stock reflects the closing price of Cousins Common Stock as of December 31, for each respective year multiplied
times the number of shares outstanding or, for awards that vested during the year, the closing price of Cousins Stock as of the vesting date
multiplied by the number of shares that vested.
This is inclusive of RSUs with a three-year performance measurement period that ended on December 31 of the prior year, but were not settled
until the subsequent February.
Our restricted stock award recipients, including our NEOs, receive dividend payments on restricted stock prior to vesting. These amounts reflect
the dividends actually paid with respect to unvested restricted stock in the applicable year.
     
Compensation Actually Paid vs. Total Shareholder Return
4961
     
Compensation Actually Paid vs. Net Income The chart below shows the relationship between CAP (for both our PEO and Non-PEO NEOs) and two financial performance measures, Net Income
and FFO per share.
5262
     
Compensation Actually Paid vs. Company Selected Measure The chart below shows the relationship between CAP (for both our PEO and Non-PEO NEOs) and two financial performance measures, Net Income
and FFO per share.
5262
     
Tabular List, Table
Performance Measures
Measurement Type
FFO per share
Non-GAAP financial measure
Leasing Activity Volume
Statistical / non-financial measure
Net Effective Rent
Statistical / non-financial measure
     
Total Shareholder Return Amount $ 70.05 68.67 105.10 85.24
Peer Group Total Shareholder Return Amount 63.34 62.07 99.51 81.56
Net Income (Loss) $ 83,816,000 $ 167,445,000 $ 278,996,000 $ 238,114,000
Company Selected Measure Amount | $ / shares 2.62 2.72 2.75 2.78
PEO Name M. Colin Connolly      
Additional 402(v) Disclosure See the Company’s Consolidated Statements of Operations as presented in its Annual Report on Form 10-K Filed on February 7, 2024.      
Measure:: 1        
Pay vs Performance Disclosure        
Name FFO per share      
Non-GAAP Measure Description The Company believes FFO per share represents its most important financial performance measure in setting pay-for-performance, other than TSR
and Net Income, for the most recently completed fiscal year. FFO per share represents 40% of our 2023 cash bonus program goals. In addition, the
cumulative three-year FFO per share is used to determine the shares to be awarded at the end of the three-year vesting period of our Performance-
based RSUs. See Appendix A for reconciliation from Net Income Available to Common Stockholders per share to FFO per share and further
discussion of these and other performance measures on page 55.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Leasing Activity Volume      
Measure:: 3        
Pay vs Performance Disclosure        
Name Net Effective Rent      
PEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 450,525 $ (2,752,817) $ 2,107,303 $ (75,084)
PEO | Adjustment, Remove Stock Compensation Included In SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (4,602,915) (3,828,832) (2,999,439) (2,403,537)
PEO | Adjustment, Add Fair Value Of Awards Granted In Year And Unvested As Of Year-End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,478,060 2,713,764 4,002,325 2,253,804
PEO | Adjustment, Add (Subtract) Changes In Fair Value From Prior Year-End To Current Year-End Of Awards Granted Prior To year That Were Outstanding And Unvested As Of Year-End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 131,326 (1,860,649) 904,595 (62,185)
PEO | Adjustment, Add (Subtract) Changes In Fair Value From Prior Year-End To Current Year-End Of Awards Granted Prior To Year That Vested During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 329,666 (45,565) (12,480) 13,772
PEO | Adjustment, Add Dividends Paid On Unvested Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 114,388 268,465 212,302 123,062
Non-PEO NEO        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 145,088 (720,572) 550,871 (59,744)
Non-PEO NEO | Adjustment, Remove Stock Compensation Included In SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (940,229) (809,396) (695,329) (580,853)
Non-PEO NEO | Adjustment, Add Fair Value Of Awards Granted In Year And Unvested As Of Year-End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 912,631 573,678 917,167 544,666
Non-PEO NEO | Adjustment, Add (Subtract) Changes In Fair Value From Prior Year-End To Current Year-End Of Awards Granted Prior To year That Were Outstanding And Unvested As Of Year-End [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 32,869 (533,304) 266,850 (85,122)
Non-PEO NEO | Adjustment, Add (Subtract) Changes In Fair Value From Prior Year-End To Current Year-End Of Awards Granted Prior To Year That Vested During Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 115,671 (11,274) 3,186 8,509
Non-PEO NEO | Adjustment, Add Dividends Paid On Unvested Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 24,146 $ 59,724 $ 58,997 $ 53,056