Highwoods EVP granted 30,280 restricted HIW shares
HIGHWOODS PROPERTIES, INC. executive Jeffrey Douglas Miller, EVP, General Counsel & Secretary, reported equity compensation activity in company common stock.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 30,280 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,589 | $0.00 | $0.00 |
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.
FAQ
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What did HIW executive Jeffrey Douglas Miller report in this Form 4?
How do the new HIW restricted stock awards to Miller vest over time?
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