William H. Armstrong III - May 16, 2022 Form 4 Insider Report for STRATUS PROPERTIES INC (STRS)

Role
Chair of Board, President, CEO, Director
Signature
Kelly C. Simoneaux, on behalf of William H. Armstrong III pursuant to a power of attorney
Stock symbol
STRS
Transactions as of
May 16, 2022
Transactions value $
$0
Form type
4
Date filed
5/17/2022, 05:37 PM
Previous filing
Mar 15, 2022
Next filing
Mar 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STRS Common Stock Award $0 +41K +7.09% $0.00 620K May 16, 2022 Direct F1
transaction STRS Common Stock Award $0 +52K +8.39% $0.00 672K May 16, 2022 Direct F2, F3
holding STRS Common Stock 3.25K May 16, 2022 IRA for Self
* 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 ("Profit Plan"). The grant was approved by the Issuer's Compensation Committee on February 17, 2022, to be effective on the date of filing of a registration statement on Form S-8 registering the shares of Common Stock issuable under the Issuer's 2022 Stock Incentive Plan. The RSUs vest in three equal annual installments on May 16, 2023 and on each of February 17, 2024 and 2025, 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, 2021.
F2 Represents the grant of stock-settled RSUs in payment of participation interests in a development project pursuant to the terms of the Issuer's Profit Plan. The grant was approved by the Issuer's Compensation Committee on February 17, 2022, to be effective on the date of filing of a registration statement on Form S-8 registering the shares of Common Stock issuable under the Issuer's 2022 Stock Incentive Plan. The RSUs vest in one installment on May 16, 2023, 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, 2021.
F3 Amount beneficially owned following the reported transactions includes 144,542 RSUs.