Maiorana Brendan C 4

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

AI-generated summary of this filing

Updated Mar 3, 2026

Highwoods (HIW) CFO Brendan Maiorana Receives Stock Awards

What Happened

Brendan C. Maiorana, Executive Vice President and Chief Financial Officer of Highwoods Properties, received two grants of restricted stock on March 1, 2026: 43,944 shares and 23,025 shares (total 66,969 shares) at $0.00 (awarded as compensation). On the same date, 8,919 shares were tendered/disposed to satisfy tax withholding obligations (reported as code F, $0.00).
These transactions are compensation awards (not open-market purchases or sales); the awards themselves have no purchase price and the tendered shares were used solely to cover taxes.

Key Details

Transaction dates: March 1, 2026; filing date (Form 4): March 3, 2026 (filed timely).
Awards: 43,944 shares (code A) and 23,025 shares (code A), price $0.00; Tax withholding: 8,919 shares withheld/tendered (code F), price $0.00.
Total shares granted: 66,969; shares disposed for taxes: 8,919.
Shares owned after transaction: not specified in this filing.
Footnotes:
- F1: Time-based RSUs vest ratably over four years and there is also a total-return based award that vests based on performance.
- F2: Part of the grant consists of time-based RSUs vesting ratably over three years granted in lieu of the CFO receiving cash under the 2025 annual incentive.
- F3: The 8,919-share disposal reflects tendering restricted shares to satisfy tax liabilities upon vesting.
Transaction codes: A = award/acquisition; F = tax withholding/tendered shares.

Context

These are routine compensation-related restricted stock grants (not open market buys or sales). Awards vest over time or based on future performance, so they do not necessarily indicate immediate bullish or bearish sentiment.
The tax-related disposal is a common practice where vested shares are surrendered to cover tax obligations and does not represent a cash sale on the open market.

Form 4

Period: 2026-03-01

EVP, CFO

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 Brendan C. Maiorana|2026-03-03

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