Leary Brian M 4
4 · HIGHWOODS PROPERTIES, INC. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Highwoods (HIW) EVP/COO Brian Leary Receives Restricted Stock Award
What Happened
Brian M. Leary, Executive Vice President and Chief Operating Officer of Highwoods Properties (HIW), was granted 43,400 restricted shares (award code A) on March 1, 2026. As part of the vesting/settlement process, 8,815 of those shares were tendered back to the company to satisfy tax withholding obligations (code F). The grants show $0 per-share acquisition price, consistent with restricted stock awards rather than an open-market purchase.
Key Details
- Transaction dates: March 1, 2026 (reported on Form 4 filed March 3, 2026); filing appears timely.
- Awards: 43,400 shares granted (A) at $0.00.
- Tax withholding: 8,815 shares surrendered (F) at $0.00 to cover tax liabilities.
- Shares owned after the transaction: Not specified in the filing.
- Footnotes:
- F1 — Awards consist of time-based restricted stock vesting ratably over four years (each March 1) and total return–based restricted stock vesting at the end of the measurement period subject to performance.
- F2 — The reporting person tendered a portion of the restricted stock to the issuer to satisfy tax liabilities.
- Transaction codes explained: A = award/grant; F = tax withholding (tendered shares).
Context
This was an equity award/vesting event, not an open-market buy or sale; the tender of shares to cover taxes is a routine administrative step and does not necessarily indicate a change in insider sentiment. The award includes both time-based and performance-based components per the footnote; performance-based shares vest only if performance targets are met.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-01+43,400→ 188,503 total - Tax Payment
Common Stock
[F2]2026-03-01−8,815→ 179,688 total
Footnotes (2)
- [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.