Mulhern Mark F 4
4 · HIGHWOODS PROPERTIES INC · Filed Mar 1, 2019
Insider Transaction Report
Form 4
Mulhern Mark F
Director
Transactions
- Award
Common Stock
2019-03-01+17,248→ 93,694 total - Disposition to Issuer
Common Stock
2019-03-01−1,171→ 88,301 total - Tax Payment
Common Stock
2019-03-01−4,222→ 89,472 total
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]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.
- [F3]Represents the number of shares forfeited under the Company's Long-Term Incentive Plan - Total Shareholder Return Plan because the Company achieved less than target levels of performance relative to predetermined goals.