Theodore J. Klinck is the Chief Executive Officer of Highwoods Properties Inc. since September 1, 2019. He has a strong background in real estate, with previous roles including President and Chief Operating Officer of the company before his promotion to...

Theodore J. Klinck is the Chief Executive Officer of Highwoods Properties Inc. since September 1, 2019. He has a strong background in real estate, with previous roles including President and Chief Operating Officer of the company before his promotion to CEO. Klinck joined Highwoods in March 2012, and before that, he was the principal and Chief Investment Officer at Goddard Investment Group and a Managing Director at Morgan Stanley Real Estate. Under his leadership, Highwoods has focused on fully integrated property management, which helps the company better serve clients and operate more efficiently. Klinck earned nearly $4.7 million in total compensation for 2023, with highlights like a $1.2 million bonus linked to performance. In terms of company strategy, Klinck emphasizes aligning executive pay with the company's performance, showing a commitment to both retention and attracting talent.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Highwoods Properties CEOs

H

Theodore J. Klinck

CEO of Highwoods Properties

Education

Not specified

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Real Estate

Born

January 1, 1966 - 59 years ago

CEO of Highwoods Properties for

5 years 7 months (Sep 2019 - Present)

Previous Experience

President since November 2018; Chief Operating Officer since September 2015; previously Senior Vice President and Chief Investment Officer at Highwoods and managing director at Morgan Stanley Real Estate.

Rivals

Competitors/colleagues of Theodore J. Klinck

S

Marc Holliday

CEO of SL Green Realty

2023 Compensation

Stock

$0.00

Salary

$1.25M

Bonus

$2.91M

Other

$36.46K

Total Holdings

$89.45M

B

Owen D. Thomas

CEO of Boston Properties

2023 Compensation

Stock

$0.00

Salary

$950.00K

Bonus

$2.72M

Other

$31.64K

Total Holdings

$615.83K

P

C. Brent Smith

CEO of Piedmont Office Realty Trust

2023 Compensation

Stock

$1.29M

Salary

$700.00K

Bonus

$1.05M

Other

$22.75K

Total Holdings

$6.64M

D

Jordan Kaplan

CEO of Douglas Emmett

2023 Compensation

Stock

$9.29M

Salary

$800.00K

Bonus

$0.00

Other

$21.11K

Total Holdings

$45.43M

Holdings

See how much did Theodore J. Klinck make over time.

Theodore J. Klinck holds a significant number of shares in Highwoods Properties Inc. His compensation package shows a mix of salary and performance-based bonus, reflecting a strong alignment with the company's interests. The total value of his vested stock for...

Theodore J. Klinck holds a significant number of shares in Highwoods Properties Inc. His compensation package shows a mix of salary and performance-based bonus, reflecting a strong alignment with the company's interests. The total value of his vested stock for 2023 was around $1.1 million, reflecting his investment in the company’s future and performance. Over the years, there have been fluctuations in his holdings; for example, in 2021, he had a notable vested stock value close to $1.9 million, indicating a solid performance trend within the real estate investment landscape. As of 2023, his holdings still reflect a serious stake in the ongoing success of Highwoods. This financial engagement suggests confidence in the company's direction and its operational strategy.

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Total Stock Sold

$1.91M

HIW

$1.91M

39,669 HIW shares

What if they kept their stock?

If Theodore J. Klinck didn't sell their stock, today they would have:
Extra HIW39,669 shares worth $1.49M.
This is -22.02% and $421.53K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Theodore J. Klinck.

HIW

111,544 shares

HIW

Mar 1, 2024

Received

HIW

$99.07K

HIW at $19.81/share

Mar 23, 2023

Purchase

HIW

94,592 shares

HIW

Mar 1, 2023

Received

HIW

$141.25K

HIW at $28.25/share

Sep 22, 2022

Purchase

HIW

60,816 shares

HIW

Mar 1, 2022

Received

HIW

49,832 shares

HIW

Mar 1, 2021

Received

HIW

$362.50K

HIW at $36.25/share

Mar 12, 2020

Purchase

HIW

40,408 shares

HIW

Mar 1, 2020

Received

HIW

7,040 shares

HIW

Sep 1, 2019

Received

HIW

17,360 shares

HIW

Mar 1, 2019

Received

Compensation History

See how much did Theodore J. Klinck make over time.

In 2023, Theodore J. Klinck's total compensation reached approximately $4.7 million, combining his salary, bonuses, and vested stock. His salary stood at $757,500, while he received a substantial bonus of $1,215,545, tied to performance metrics like funds from operations per share and net operating income growth. Additionally, he had over 42,000 shares of time-based restricted stock that vested this year, valued at about $1.1 million. This performance-based pay structure encourages a strong connection between his compensation and the company's results, reflecting an approach focused on driving growth. Since he took over as CEO, the company's overall performance has shown resilience and strategic growth in the real estate sector, underlining the effectiveness of his leadership.

Year

2023

Total Compensation

$3.28M

Salary

$757.50K

Board Justification

The compensation philosophy aims to align executive compensation with company performance and peer benchmarking, focusing on retention and attracting high-quality professionals.

Bonus

$1.22M

Board Justification

The annual non-equity incentive compensation based on performance metrics achieved in 2023, with a target annual incentive percentage of 140%.

Other

$191.46K

Board Justification

Includes 401(k) match, dividends on restricted stock, financial consulting services, and vehicle allowance.

Restricted Stock

$1.12M(42.14K time-based restricted stock)

Board Justification

The time-based restricted stock that vested in 2023, with a total value realized of $1,116,604.

Performance Metrics

Performance metrics for the annual non-equity incentive program included FFO per share, net operating income growth, and average occupancy.

Other Highwoods Properties CEOs

Here are other CEOs of Highwoods Properties

Edward J. Fritsch

Ex-CEO of Highwoods Properties

November 2005 - September 2019