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HIGHWOODS PROPERTIES, INC.

For the period ended May 14, 2024. Filed Mar 29, 2024.

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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

May 14, 2024 · Filed Mar 29, 2024

HIW$31.47-0.8%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

Filed by the Registrant [X]

Filed by a Party other than the Registrant [ ]

Check the appropriate box:

[ ] Preliminary Proxy Statement

[ ] Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

[X] Definitive Proxy Statement

[ ] Definitive Additional Materials

[ ] Soliciting Material Pursuant to Section 240.14a-12

HIGHWOODS PROPERTIES, INC.

(Name of Registrant as Specified in its Charter)

Payment of Filing Fee (Check the appropriate box):

[X] No fee required.

[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.

(1) Title of each class of securities to which transaction applies:

(2) Aggregate number of securities to which transaction applies:

(3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

(4) Proposed maximum aggregate value of transaction:

(5) Total fee paid:

[ ] Fee paid previously with preliminary materials.

[ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing.

(1) Amount Previously Paid:

(2) Form, Schedule or Registration Statement No.:

(3) Filing Party:

(4) Date Filed:

March 29, 2024

Dear Fellow Stockholder:

We are pleased to invite you to attend the 2024 annual meeting of stockholders of Highwoods Properties, Inc. The meeting will be held via live audio webcast only on Tuesday, May 14, 2024, at 11:30 A.M. Eastern Time.

The proxy statement, with the accompanying formal notice of the meeting, describes the matters expected to be acted upon at the meeting. We ask you to review these materials carefully and to use this opportunity to take part in the affairs of Highwoods by voting on the matters described in the proxy statement. Following the formal portion of the meeting, we will provide a brief report on the operations of our company and our directors and senior leadership team will be available to answer appropriate questions from stockholders.

Your vote is important. Your proxy or voting instruction card includes specific information regarding the several ways to vote your shares. We encourage you to vote as soon as possible, even if you plan to virtually attend the meeting. You may vote over the internet, by telephone or by mail.

Thank you for your continued support of Highwoods.

Cordially,

CARLOS E. EVANS

Chair of the Board of Directors

Highwoods Properties | 2024 Proxy Statement 1

NOTICE OF 2024 ANNUAL MEETING OF STOCKHOLDERS

Date: Tuesday, May 14, 2024

Time: 11:30 A.M. Eastern Time

Place: The meeting will be a virtual-only meeting, conducted exclusively via live audio webcast at www.virtualshareholdermeeting.com/HIW2024. There will not be a physical location for the meeting, and you will not be able to attend the meeting in person. Stockholders will be able to virtually attend, vote and submit questions (both before, and during a portion of, the meeting).

Record Date: Tuesday, March 5, 2024

Items of Business: 1. To elect nine directors to serve a one-year term and until their respective successors are duly elected and qualified

  1. To ratify the appointment of Deloitte & Touche LLP as our independent auditor for 2024

  2. To vote on an advisory proposal regarding executive compensation

  3. To transact such other business as may properly come before the meeting or any adjournments

Proxy Voting: Holders of record of shares of our common stock as of the close of business on the record date are encouraged to vote their shares in advance of the meeting through one of the below methods:

Via the Internet: You can submit a proxy via the Internet until 11:59 P.M. Eastern Time on May 13, 2024, by accessing the website at www.proxyvote.com and following the instructions you will find on the website. Internet proxy submission is available 24 hours a day. You will be given the opportunity to confirm that your instructions have been properly recorded.

By Mail: If you have received your proxy materials by mail, you can vote by marking, dating and signing your proxy card and returning it by mail in the enclosed postage-paid envelope. If you hold your shares in an account with a bank or broker (i.e., in “street name”), you can vote by following the instructions on the voting instruction card provided to you by your bank or broker. Proxy cards returned by mail must be received no later than the close of business on May 13, 2024.

By Telephone: You can submit a proxy by telephone until 11:59 P.M. Eastern Time on May 13, 2024, by calling toll-free 1-800-690-6903 (from the U.S. and Canada) and following the instructions.

Even if you plan to virtually attend the meeting, we encourage you to vote your shares by proxy using one of the methods described above. Stockholders of record who attend the virtual meeting may vote their shares online, even though they have sent in proxies.

Highwoods Properties | 2024 Proxy Statement 2

How to Attend: In order to participate in the meeting, please log on to

www.virtualshareholdermeeting.com/HIW2024 at least 15 minutes prior to the start of the meeting to provide time to register and download the required software, if needed. If you are a stockholder of record, you will need to provide your sixteen-digit control number included on your notice or your proxy card (if you receive a printed copy of the proxy materials) in order to be able to participate in the meeting. If you are a beneficial owner (if, for example, your shares are not registered in your name but are held in “street name” for you by your broker, bank or other institution), you must follow the instructions printed on your voting instruction form. The webcast replay will be available atwww.virtualshareholdermeeting.com/HIW2024 for approximately 30 days after the meeting. If you access the meeting but do not enter your control number, you will be able to listen to the proceedings, but you will not be able to vote or otherwise participate.

By Order of the Board of Directors

JEFFREY D. MILLER

Executive Vice President, General Counsel and Secretary

March 29, 2024

Highwoods Properties | 2024 Proxy Statement 3

TABLE OF CONTENTS

HIGHWOODS AT-A-GLANCE5
Business5
Environmental6
Social7
Governance8
CORPORATE GOVERNANCE AND BOARD MATTERS9
Composition of the Board of Directors9
Board Matrix9
Board Independence, Leadership and Other Activities10
Board Meetings11
Compensation and Governance Committee11
Compensation and Governance Committee Interlocks13
Audit Committee13
Investment Committee14
Executive Committee14
Other Stockholder Information14
Compensation of Directors15
Stock Ownership Guidelines15
Principal and Management Stockholders16
Equity Compensation Plans17
PROPOSAL 1: ELECTION OF DIRECTORS18
Nominees for Election to Term Expiring 202518
PROPOSAL 2: RATIFICATION OF DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITOR FOR 202423
Independent Auditor Fees23
Pre-Approval Policies23
Audit Committee Report23
PROPOSAL 3: ADVISORY VOTE ON EXECUTIVE COMPENSATION25
COMPENSATION OF NAMED EXECUTIVES26
Compensation Discussion and Analysis26
Summary Compensation38
Grants of Plan-Based Awards39
Outstanding Equity Awards40
Stock Vested41
Estimated Payments Upon Termination or a Change in Control41
INFORMATION ABOUT THE ANNUAL MEETING43
Voting Information43
Proxy Solicitation and Document Request Information44
Other Matters44
Stockholder Proposals for 2025 Annual Meeting44
Costs of Proxy Solicitation44
Delivery of Materials to Households44

Highwoods Properties | 2024 Proxy Statement 4

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.