Highwoods Properties (NYSE: HIW) director receives 3,566 restricted shares

Rhea-AI Filing Summary

Hartzell David John reported acquisition or exercise transactions in this Form 4 filing.

HIGHWOODS PROPERTIES, INC. director David John Hartzell received a grant of 3,566 shares of common stock as a time-based restricted stock award at no cash cost per share. These restricted shares are scheduled to vest on May 14, 2027. Following this grant, he directly holds 31,055 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hartzell David John

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,566	$0.00	--

Holdings After Transaction: Common Stock — 31,055 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 3,566 shares Grant price: $0.00 per share Holdings after grant: 31,055 shares +1 more

4 metrics

Restricted stock grant 3,566 shares Time-based restricted common stock award to director

Grant price $0.00 per share Equity award, no cash paid for shares

Holdings after grant 31,055 shares Director’s direct common stock holdings post-transaction

Vesting date May 14, 2027 Scheduled vesting date for time-based restricted stock

Key Terms

time-based restricted stock, vest, Grant, award, or other acquisition, Common Stock, +1 more

5 terms

time-based restricted stock financial

"Consists of time-based restricted stock that is scheduled to vest on May 14, 2027."

Time-based restricted stock are company shares granted to employees or executives that become fully owned and transferable only after the recipient stays with the company for specified time periods. Think of it like receiving a wrapped gift that opens a little each year; the gradual unlocking helps keep employees motivated and tied to long-term performance. Investors watch these grants because they can dilute existing shares when they vest and signal how management is being rewarded and incentivized.

vest financial

"scheduled to vest on May 14, 2027."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

direct financial

"ownership_type: direct"

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Hartzell David John

(Last) (First) (Middle)

150 FAYETTEVILLE STREET, SUITE 1400

(Street)

RALEIGH NORTH CAROLINA 27601

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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

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

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

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(1)	05/14/2026	05/14/2026	A		3,566	A	$0.00	31,055	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 that is scheduled to vest on May 14, 2027.

Remarks:

	/s/Jeffrey D. Miller Attorney in fact for David J. Hartzell	05/18/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did HIGHWOODS PROPERTIES (HIW) disclose for David John Hartzell?

Director David John Hartzell received a grant of 3,566 shares of Highwoods Properties common stock as time-based restricted stock. The award was granted at no cash cost per share and reflects equity-based compensation rather than an open-market purchase or sale.

When do David John Hartzell’s new restricted HIW shares vest?

The 3,566 time-based restricted shares granted to director David John Hartzell are scheduled to vest on May 14, 2027. Vesting means the shares fully belong to him at that date, assuming any applicable service conditions are satisfied through the vesting period.

How many HIGHWOODS PROPERTIES (HIW) shares does David John Hartzell now hold?

After the restricted stock grant, David John Hartzell directly holds 31,055 shares of Highwoods Properties common stock. This total includes the newly awarded 3,566 restricted shares, which remain subject to vesting conditions until May 14, 2027.

Was David John Hartzell’s HIW transaction a market purchase or sale?

The transaction was a grant of restricted stock, not a market trade. David John Hartzell acquired 3,566 shares as an equity award with a zero dollar per-share transaction price, reflecting compensation rather than buying or selling shares in the open market.

What type of equity award did HIGHWOODS PROPERTIES (HIW) grant to David John Hartzell?

Highwoods Properties granted David John Hartzell time-based restricted stock, totaling 3,566 common shares. Time-based restricted stock typically vests after a specified service period, in this case on May 14, 2027, aligning director compensation with longer-term shareholder interests.