Stratus director granted 2,286 RSUs

MADDEN MICHAEL D reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

MADDEN MICHAEL D reported acquisition or exercise transactions in this Form 4 filing.

Stratus Properties director Michael D. Madden received an annual equity award in the form of restricted stock units. He was granted 2,286 Common Stock RSUs at a price of $0.00 per share, consistent with the company’s previously approved director compensation program.

The grant was made on the date of the company’s annual meeting of stockholders and the RSUs vest on the first anniversary of the grant date. Following this award, Madden beneficially owns 57,001 shares of Common Stock, which includes the 2,286 RSUs from this grant.

Insider Trade Summary

Grant/Award: 2,286 shares

Grant/Award 1 txn

Insider MADDEN MICHAEL D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,286	$0.00	$0.00

Holdings After Transaction: Common Stock — 57,001 shares (Direct)

Footnotes (2)

1. F1. Represents an annual award of Common Stock Restricted Stock Units ("RSUs"), which were granted on the date of the Issuer's annual meeting of stockholders in accordance with the Issuer's previously approved director compensation program. The RSUs vest on the first anniversary of the grant date.
2. F2. Amount beneficially owned following the reported transaction includes 2,286 RSUs.

Key Figures

RSUs granted: 2,286 RSUs Grant price: $0.00 per share Shares owned after grant: 57,001 shares

3 metrics

RSUs granted 2,286 RSUs Annual director equity award

Grant price $0.00 per share Restricted stock unit award price

Shares owned after grant 57,001 shares Beneficial ownership following transaction, including RSUs

Key Terms

Restricted Stock Units ("RSUs"), director compensation program, vest, beneficially owned

4 terms

Restricted Stock Units ("RSUs") financial

"Represents an annual award of Common Stock Restricted Stock Units ("RSUs"), which were granted"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

director compensation program financial

"granted on the date of the Issuer's annual meeting of stockholders in accordance with the Issuer's previously approved director compensation program"

vest financial

"The RSUs vest on the first anniversary of the grant date."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

beneficially owned financial

"Amount beneficially owned following the reported transaction includes 2,286 RSUs."

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Michael D. Madden acquire in this Form 4 for STRS?

Michael D. Madden received an annual grant of 2,286 Common Stock restricted stock units as director compensation. These RSUs represent a stock-based award rather than a cash payment and increase his beneficial ownership position in Stratus Properties.

Was Michael D. Madden’s STRS stock award an open-market purchase?

No, the transaction was a grant of restricted stock units at a price of $0.00 per share. It reflects equity compensation under Stratus Properties’ approved director compensation program, not an open-market buy or sell in the company’s stock.

When do Michael D. Madden’s 2,286 STRS RSUs vest?

The 2,286 restricted stock units vest on the first anniversary of the grant date. The grant was made on the date of Stratus Properties’ annual meeting of stockholders under the company’s existing director compensation program.

How many STRS shares does Michael D. Madden beneficially own after this grant?

After the reported RSU grant, Michael D. Madden beneficially owns 57,001 shares of Stratus Properties common stock. This total includes the 2,286 restricted stock units reported in the filing as part of his overall equity position.

What is the nature of the equity compensation reported for STRS director Michael D. Madden?

The filing shows an equity compensation grant of 2,286 restricted stock units of common stock. It is an annual award for board service, granted at $0.00 per share and scheduled to vest one year after the grant date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/01/2026 - 04:47 PM EDT Learn about SEC filing dates

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^*

MADDEN MICHAEL D

(Last) (First) (Middle)

98 SAN JACINTO BLVD

SUITE 220

(Street)

AUSTIN TEXAS 78701

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
STRATUS PROPERTIES INC [ STRS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/01/2026		A		2,286(1)	A	$0	57,001(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. Represents an annual award of Common Stock Restricted Stock Units ("RSUs"), which were granted on the date of the Issuer's annual meeting of stockholders in accordance with the Issuer's previously approved director compensation program. The RSUs vest on the first anniversary of the grant date.

2. Amount beneficially owned following the reported transaction includes 2,286 RSUs.

Remarks:

	Kelly Simoneaux on behalf of Michael D. Madden pursuant to a power of attorney	06/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)