During Fritsch's leadership, his stake in Highwoods Properties saw fluctuations based on market performance. In his early years as CEO, he had significant holdings of time-based restricted stock, notably vesting over several years. By 2019, the total value of vested...
During Fritsch's leadership, his stake in Highwoods Properties saw fluctuations based on market performance. In his early years as CEO, he had significant holdings of time-based restricted stock, notably vesting over several years. By 2019, the total value of vested stock that he controlled reflected his commitment to the company's growth, with vested stock totaling approximately $2.2 million of his annual compensation alone in 2019. His holdings at one point likely represented a major portion of his total wealth, but as he prepared for retirement, he ensured that benefits related to his stock would continue to vest after he departed. This structure was key to retaining top talent while motivating team performance.