Hartzell David John 4

What Happened David John Hartzell, a director of Highwoods Properties, received a grant of 3,566 restricted shares on May 14, 2026. The shares were awarded at $0.00 (i.e., no cash purchase) and therefore the reported transaction value is $0. This was an equity award (transaction code A), not an open‑market buy or sale.

Key Details

• Transaction date and type: 2026-05-14 — Award/Grant of 3,566 shares @ $0.00 (Form 4 filed 2026-05-18).
• Vesting: Footnote indicates these are time‑based restricted stock scheduled to vest on May 14, 2027.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Filed on 2026-05-18, within the normal reporting window for this transaction date.
• Transaction code meaning: "A" = award/grant (not a purchase or sale).

Context Time‑based restricted stock is typically a form of compensation/retention: shares are granted now but generally cannot be sold until they vest (here, one year). Because this is a compensation grant rather than an open‑market purchase or sale, it is not a direct signal of the director buying or selling shares in the market.