Theodore J. Klinck - Mar 1, 2022 Form 4 Insider Report for HIGHWOODS PROPERTIES, INC. (HIW)

Role
President and CEO, Director
Signature
/s/Jeffrey D. Miller Attorney in fact for Theodore J. Klinck
Stock symbol
HIW
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
4
Date filed
3/2/2022, 03:07 PM
Previous filing
Feb 11, 2022
Next filing
Sep 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HIW Common Stock Award $0 +60.8K +31.17% $0.00 256K Mar 1, 2022 Direct F1
transaction HIW Common Stock Tax liability $0 -11.5K -4.48% $0.00 244K Mar 1, 2022 Direct F2
transaction HIW Common Stock Disposed to Issuer $0 -3.05K -1.25% $0.00 241K Mar 1, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F3 Represents the number of total return-based shares of restricted stock forfeited because the Company achieved less than target levels of performance relative to predetermined goals.