Stratus Properties (STRS) CFO reports RSU tax-withholding transaction
Filing Impact
Filing Sentiment
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
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PICKENS ERIN D
Role
Senior VP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 183 | $32.34 | $6K |
Holdings After Transaction:
Common Stock — 73,623 shares (Direct)
Footnotes (1)
- Shares withheld to cover the taxes due upon the vesting of Common Stock Restricted Stock Units ("RSUs"). Amount beneficially owned following the reported transaction includes 11,647 RSUs.
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.
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.
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.