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Stratus Properties (STRS) CFO reports RSU tax-withholding transaction

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

STRATUS PROPERTIES INC Senior VP & CFO Erin D. Pickens reported a routine tax-related share disposition. On the reported date, 183 shares of Common Stock at $32.34 per share were withheld to cover taxes due upon the vesting of Restricted Stock Units.

After this tax-withholding transaction, Pickens beneficially owns 73,623 shares of Common Stock, which includes 11,647 RSUs. This was not an open-market sale but an automatic share withholding to satisfy tax obligations tied to equity compensation.

Positive

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
PICKENS ERIN D

(Last) (First) (Middle)
212 LAVACA STREET
SUITE 300

(Street)
AUSTIN TX 78701

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
STRATUS PROPERTIES INC [ STRS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior VP & CFO
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/15/2026 F 183(1) D $32.34 73,623(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares withheld to cover the taxes due upon the vesting of Common Stock Restricted Stock Units ("RSUs").
2. Amount beneficially owned following the reported transaction includes 11,647 RSUs.
Remarks:
Kelly C. Simoneaux, on behalf of Erin D. Pickens pursuant to a power of attorney 03/17/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did STRATUS PROPERTIES INC (STRS) disclose in this Form 4 filing?

STRATUS PROPERTIES INC reported a Form 4 for Senior VP & CFO Erin D. Pickens. It shows shares were withheld to cover taxes owed when Restricted Stock Units vested, rather than an open-market purchase or sale transaction.

How many STRS shares were withheld for Erin Pickens’ tax obligations?

The filing shows 183 shares of STRATUS PROPERTIES INC Common Stock were withheld. These shares, priced at $32.34 each, were used to satisfy taxes due upon the vesting of Restricted Stock Units granted as equity compensation.

Was the STRATUS PROPERTIES CFO’s STRS transaction an open-market sale?

No, the transaction was not an open-market sale. It was a tax-withholding disposition, where 183 shares were automatically withheld to pay taxes related to vesting Restricted Stock Units, a common mechanism in equity compensation programs.

How many STRS shares does Erin Pickens own after this tax-withholding transaction?

After the reported transaction, Erin D. Pickens beneficially owns 73,623 shares of STRATUS PROPERTIES INC Common Stock. This total includes 11,647 Restricted Stock Units that have not yet fully converted into freely tradable shares.

What triggered the tax-withholding share disposition reported for STRS?

The disposition was triggered by the vesting of Common Stock Restricted Stock Units. When these RSUs vested, 183 shares of STRATUS PROPERTIES INC stock were withheld to cover the associated tax liability, as described in the filing’s footnotes.

What does the Form 4 reveal about Erin Pickens’ remaining RSUs in STRS?

The Form 4 notes that the amount beneficially owned after the transaction includes 11,647 Restricted Stock Units. These RSUs represent additional STRATUS PROPERTIES INC equity that may convert into Common Stock according to the company’s compensation plan terms.
Stratus Prop

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234.33M
6.46M
Real Estate - Diversified
Land Subdividers & Developers (no Cemeteries)
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United States
AUSTIN