Miller Jeffrey Douglas 4

What Happened

• Jeffrey D. Miller, EVP, General Counsel & Secretary of Highwoods Properties (HIW), was granted 30,280 restricted shares on March 1, 2026 (reported as Code A; acquisition at $0.00).
• On the same date, 6,589 shares were tendered/disposed to satisfy tax withholding obligations (reported as Code F; reported price $0.00). The filing reports no cash paid for the award (grant price shown as $0.00).

Key Details

• Transaction date(s): March 1, 2026 (filing date: March 3, 2026 — appears timely).
• Reported price: $0.00 per share (reflects restricted stock grant, not an open-market purchase).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes:
  • F1 — Awards include time-based restricted stock that vests ratably over four years (each March 1) and total return–based restricted stock that vests at the end of the measurement period if performance thresholds are met.
  • F2 — A portion of the vested restricted shares was tendered to the issuer to satisfy tax withholding obligations.
• Transaction codes: A = Award/Grant, F = Tax withholding (share tender).

Context

• This was a restricted stock grant (compensation), not a purchase or open-market sale. Time-based and performance-based vesting conditions apply, so the shares are not fully liquid immediately.
• The 6,589 shares tendered to cover taxes are a routine withholding method and do not necessarily signal a change in the insider’s view of the company.