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...

Number of Employees

349

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.

SEC Filing

From March 29, 2024

Theodore J. Klinck

CEO of Highwoods Properties

H

Education

Not specified

Field of Expertise

Real Estate & Construction - Real Estate

Born

January 1, 1966 - 59 years ago

Is Founder?

No

Current Tenure

5 years 4 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.