Highwoods Properties (HIW) director awarded 3,566 time-based restricted shares

Rhea-AI Filing Summary

Todd Candice W reported acquisition or exercise transactions in this Form 4 filing.

HIGHWOODS PROPERTIES, INC. director Candice W. Todd received a grant of 3,566 shares of common stock as time-based restricted stock. These shares are scheduled to vest on May 14, 2027. After this award, she holds a total of 10,412 shares of common stock directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Todd Candice W

Role null

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

Holdings After Transaction: Common Stock — 10,412 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock granted: 3,566 shares Grant price per share: $0.0000 per share Holdings after transaction: 10,412 shares +1 more

4 metrics

Restricted stock granted 3,566 shares Time-based restricted common stock granted on May 14, 2026

Grant price per share $0.0000 per share Reported transaction price for restricted stock award

Holdings after transaction 10,412 shares Total common stock directly held after the award

Vesting date May 14, 2027 Scheduled vesting for the 3,566 time-based restricted shares

Key Terms

time-based restricted stock, Grant, award, or other acquisition, Common Stock

3 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.

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.

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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^*

Todd Candice W

(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	10,412	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 Candice W. Todd	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) report for Candice W. Todd?

HIGHWOODS PROPERTIES reported that director Candice W. Todd received a grant of 3,566 shares of common stock as time-based restricted stock. This is a compensation-related award rather than an open-market purchase or sale.

When do Candice W. Todd’s new restricted HIW shares vest?

The 3,566 time-based restricted shares granted to Candice W. Todd are scheduled to vest on May 14, 2027. Vesting means the shares become fully owned and no longer subject to forfeiture conditions at that date.

How many HIW shares does Candice W. Todd own after this Form 4 transaction?

Following the grant of 3,566 restricted shares, Candice W. Todd directly holds 10,412 shares of HIGHWOODS PROPERTIES common stock. This total reflects her position after the reported award on May 14, 2026.

Was the HIW Form 4 transaction an open-market buy or sell?

The Form 4 shows a grant coded as a compensation-related acquisition, not an open-market buy or sell. The 3,566 shares were awarded at a price of $0.0000 per share, consistent with a restricted stock grant.

What does time-based restricted stock mean for HIW director Candice W. Todd?

Time-based restricted stock is granted subject to vesting over a set period. For Candice W. Todd, the 3,566 HIW shares vest on May 14, 2027, meaning she generally must remain eligible through that date to fully earn the shares.