William H. Armstrong III - 16 May 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
Issuer symbol: STRS
Transactions as of: 16 May 2022
Net transactions value: $0
Form type: 4
Filing time: 17 May 2022, 17:37:24 UTC
Previous filing: 15 Mar 2022
Next filing: 15 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	STRS	Common Stock	Award	$0	+41,012	+7.1%	$0.000000	619,582	16 May 2022	Direct	F1
transaction	STRS	Common Stock	Award	$0	+51,973	+8.4%	$0.000000	671,555	16 May 2022	Direct	F2, F3
holding	STRS	Common Stock						3,250	16 May 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.