Klinck Theodore J 4

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.