Erin D. Pickens - 15 Feb 2024 Form 4 Insider Report for STRATUS PROPERTIES INC (STRS)

Signature
Kelly C. Simoneaux, on behalf of Erin D. Pickens pursuant to a power of attorney
Issuer symbol
STRS
Transactions as of
15 Feb 2024
Net transactions value
-$23,423
Form type
4
Filing time
20 Feb 2024, 17:20:50 UTC
Previous filing
16 May 2023
Next filing
12 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRS Common Stock Award $0 +4,099 +7.3% $0.000000 60,243 15 Feb 2024 Direct F1
transaction STRS Common Stock Award $0 +3,486 +5.8% $0.000000 63,729 15 Feb 2024 Direct F2
transaction STRS Common Stock Tax liability $23,423 -1,014 -1.6% $23.10 62,715 17 Feb 2024 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of stock-settled Common Stock Restricted Stock Units ("RSUs") in payment of participation interests in a development project pursuant to the terms of the Issuer's Profit Participation Incentive Plan. The grant was approved by the Issuer's Compensation Committee on February 15, 2024. The RSUs vest in three equal installments on February 15, 2025 and on each of the next two anniversaries thereof, provided that the recipient satisfies the applicable service conditions. For additional information, see Note 8 to the Issuer's financial statements included in its Form 10-K for the year ended December 31, 2022.
F2 Represents a grant of RSUs in partial payment of the Reporting Person's 2023 annual bonus under the Issuer's Executive Annual Incentive Plan. The RSUs will vest in one installment on February 15, 2025, the first anniversary of the date of grant, provided the recipient satisfies the applicable service conditions.
F3 Shares withheld to cover the taxes due upon the vesting of RSUs.
F4 Amount beneficially owned following the reported transaction includes 17,251 RSUs.