Highwoods Properties (HIW) EVP receives 30,280 restricted shares, surrenders 6,589 for taxes

Rhea-AI Filing Summary

HIGHWOODS PROPERTIES, INC. executive Jeffrey Douglas Miller, EVP, General Counsel & Secretary, reported equity compensation activity in company common stock. He received a grant of 30,280 shares of restricted stock, consisting of time-based units that vest annually each March 1 over four years and total return-based units that vest after a performance measurement period if performance hurdles are met. In connection with the vesting of an earlier restricted stock award, 6,589 shares were surrendered back to the company to satisfy tax liabilities, leaving him with 198,670 shares held directly after these transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Miller Jeffrey Douglas

(Last) (First) (Middle)

150 FAYETTEVILLE STREET, SUITE 1400

(Street)

RALEIGH NC 27601

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HIGHWOODS PROPERTIES, INC. [ HIW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, General Counsel & Sec.

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2026	03/01/2026	A(1)		30,280	A	$0.00	205,259	D
Common Stock	03/01/2026	03/01/2026	F(2)		6,589	D	$0.00	198,670	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. 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.

Remarks:

	/s/Jeffrey D. Miller	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did HIW executive Jeffrey Douglas Miller report in this Form 4?

Jeffrey Douglas Miller reported a grant of 30,280 shares of restricted common stock and a related tax-withholding share surrender. These transactions reflect equity compensation and associated tax payments, not open-market buying or selling of Highwoods Properties (HIW) stock.

How many HIW restricted shares were granted to Jeffrey Douglas Miller?

He received a grant of 30,280 shares of restricted common stock. The award includes time-based restricted stock vesting ratably over four years and total return-based restricted stock vesting at the end of a performance measurement period if specified performance levels are exceeded.

How do the new HIW restricted stock awards to Miller vest over time?

The time-based restricted stock vests ratably over four years on March 1 of each year after the grant date. The total return-based restricted stock vests at the end of its measurement period, but only to the extent actual performance exceeds defined performance thresholds.

Why were 6,589 HIW shares surrendered by Jeffrey Douglas Miller?

Miller surrendered 6,589 shares in connection with the vesting of a prior restricted stock award. The shares were tendered back to the issuer to satisfy tax liabilities arising from that vesting, classified as a tax-withholding disposition rather than an open-market sale.

How many HIW shares does Jeffrey Douglas Miller hold after these transactions?

Following the grant and the tax-withholding disposition, Miller directly holds 198,670 shares of Highwoods Properties common stock. This figure reflects his reported direct ownership after the restricted stock grant and the surrender of shares for tax liability settlement.

Does the Miller Form 4 indicate open-market trading in HIW shares?

The filing indicates a grant of restricted stock and a tax-withholding share surrender, not open-market trades. The disposition is specifically described as tendering shares back to the issuer to satisfy tax liabilities associated with vesting of an initial restricted stock award.