Klinck Theodore J 4

4 · HIGHWOODS PROPERTIES, INC. · Filed Mar 3, 2026

AI-generated summary of this filing

Updated Mar 3, 2026

Highwoods Properties (HIW) CEO Theodore J. Klinck Receives Restricted Stock Award

What Happened

Theodore J. Klinck, President & CEO and director of Highwoods Properties (HIW), received two restricted stock awards on March 1, 2026 totaling 192,437 shares (137,024 + 55,413) reported as awards (code A) at $0.00 per share.
In connection with vesting, 34,389 shares were tendered back to the company to satisfy tax withholding obligations (code F). These transactions are awards and a tax-withholding disposition, not open-market purchases or sales.

Key Details

Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely).
Awards: 137,024 shares (A) and 55,413 shares (A) — reported acquisition price $0.00.
Tax withholding: 34,389 shares tendered (F) — reported disposition price $0.00.
Shares owned after the transactions: not disclosed in the provided filing excerpt.
Footnotes: F1 = time-based RSUs vesting ratably over 4 years plus performance-based RSUs; F2 = time-based RSUs vesting ratably over 3 years granted in lieu of 2025 cash incentive; F3 = shares tendered to satisfy tax liabilities.
Transaction codes: A = award/grant, F = tax withholding (disposition).

Context

These are restricted stock awards (not open-market buys), with multi-year vesting schedules noted in the footnotes — they generally indicate long-term compensation rather than immediate market sentiment.
The tendering of shares to cover taxes is a routine administrative step when awards vest and does not necessarily imply active selling by the insider.
No indication from this filing that Klinck is a 10% owner; this is an executive compensation event.

Form 4

Period: 2026-03-01

DirectorPresident and CEO

Transactions

Footnotes (3)

[F1]Consists of time-based restricted stock granted by the Company that vests ratably over four years on March 1st of each year after the grant date and total return-based restricted stock granted by the Company that vests at the end of the applicable measurement period to the extent actual performance exceeds certain levels of performance.
[F2]Consists of time-based restricted stock granted by the Company that vests ratably over three years on March 1st of each year after the grant date, which was granted in lieu of the reporting person receiving cash payments under the Company's annual non-equity incentive program for 2025 that would have otherwise been made on or about March 1, 2026.
[F3]In accordance with the terms of the initial restricted stock award and in connection with the vesting of the award, the reporting person tendered a portion of the restricted stock award to the issuer in satisfaction of tax liabilities.

Signature

/s/Jeffrey D. Miller Attorney in fact for Theodore J. Klinck|2026-03-03

1 file