Leary Brian M 4

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.