The CEO of Highwoods Properties Inc. made 2 percent more in 2017 than 2016, according to a filing with the Securities and Exchange Commission.
Edward J. Fritsch, who also serves as the real estate investment company’s president, made $4.49 million in 2017 compared to a 2016 amount of $4.40 million. In 2015, he made $4.24 million.
Fritsch saw a 4 percent increase in his base salary, which rose to $692,000 from $667,000. His stock awards rose 5 percent to $1.62 million from $1.53 million while his option awards rose 3 percent to $409,000 from $396,000.
Likewise, the CEO earned a 4 percent increase in his non-equity incentive plan, rising to $1.60 million from $1.54 million.
Other types of compensation for Fritsch, such as a matching 401(k), dividends on restricted stock, financial consulting services, his vehicle allowance and other like benefits, fell from $263,000 in 2016 to $170,000 in 2017, or a decrease of 35 percent.
Before closing for the Easter holiday break Thursday afternoon, Highwoods Properties stock price finished at $43.82 per share, an increase of nearly 1 percent, or 35 cents.
The Raleigh-based company will hold its annual meeting at 11:30 a.m. on May 9 in Suite 600 of the company’s Smoketree Tower Building, which is located at 3100 Smoketree Court in Raleigh.

