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Highwoods Properties (NYSE: HIW) director receives 3,566-share restricted stock grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Gadis David L reported acquisition or exercise transactions in this Form 4 filing.

HIGHWOODS PROPERTIES, INC. director David L. Gadis received an award of 3,566 shares of common stock as a grant of time-based restricted stock. These shares carry no purchase price and are scheduled to vest on May 14, 2027. Following this compensation grant, his direct holdings total 17,273 common shares.

Positive

  • None.

Negative

  • None.
Insider Gadis David L
Role null
Type Security Shares Price Value
Grant/Award Common Stock 3,566 $0.00 --
Holdings After Transaction: Common Stock — 17,273 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Restricted stock grant 3,566 shares Time-based restricted common stock awarded to director
Per-share grant price $0.00 per share Compensation-related stock award, not open-market purchase
Holdings after grant 17,273 shares Total direct HIW common stock owned after transaction
Vesting date May 14, 2027 Scheduled vesting date for time-based restricted stock
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
"time-based restricted stock that is 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"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Gadis David L
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock(1)05/14/202605/14/2026A3,566A$0.0017,273D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 L. Gadis05/18/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did David L. Gadis report in his latest Form 4 for HIW?

David L. Gadis reported receiving 3,566 shares of HIW common stock as a grant of time-based restricted stock. The award is a compensation-related acquisition, not an open-market purchase, and increases his direct holdings to 17,273 shares.

Is the HIW Form 4 transaction by David L. Gadis a stock purchase or an award?

The Form 4 transaction is an award, not a purchase. Gadis received 3,566 shares of common stock at a per-share price of $0.00 as a grant of time-based restricted stock, reflecting director compensation rather than an open-market buy.

When do David L. Gadis’s restricted HIW shares vest?

The 3,566 shares of time-based restricted HIW common stock awarded to David L. Gadis are scheduled to vest on May 14, 2027. Vesting means the restrictions lapse on that date, and the shares become fully owned, subject to any applicable company policies.

How many HIW shares does David L. Gadis hold after this Form 4 transaction?

After the reported grant, David L. Gadis directly holds 17,273 shares of HIGHWOODS PROPERTIES, INC. common stock. This total includes the 3,566 shares of time-based restricted stock that were awarded and are subject to vesting on May 14, 2027.

Does the HIW Form 4 show any stock sales by David L. Gadis?

The Form 4 does not show any stock sales by David L. Gadis. It reports only an acquisition of 3,566 shares through a grant of time-based restricted stock, bringing his direct common stock holdings to 17,273 shares after the award.