Gadis David L 4

What Happened
David L. Gadis, a director of Highwoods Properties, was granted 3,566 shares on May 14, 2026. The Form 4 reports the acquisition as an award (transaction code A) with an acquisition price of $0.00 (i.e., a grant of restricted stock rather than a cash purchase). The award is time‑based restricted stock scheduled to vest on May 14, 2027.

Key Details

• Transaction date: 2026-05-14; reported on Form 4 filed 2026-05-18 (timely filing).
• Transaction type/code: Award/Grant (A). Price reported: $0.00.
• Shares granted: 3,566 restricted shares.
• Vesting: Time‑based; scheduled to vest on 2027-05-14 (per footnote).
• Shares owned after transaction: Not reported in the provided summary.
• Tax withholding or other net-share settlement: Not indicated in the provided filing.

Context
Restricted stock awards to directors are commonly used as compensation and are not the same as an open‑market purchase (they do not necessarily signal immediate bullish conviction). These shares typically cannot be sold until they vest, so they are a longer‑term form of compensation.