Stratus Properties (STRS) director receives 2,286 RSU equity award

Rhea-AI Filing Summary

Henriksen Kate reported acquisition or exercise transactions in this Form 4 filing.

Stratus Properties director Kate Henriksen received an equity grant in the form of Restricted Stock Units. She was awarded 2,286 Common Stock RSUs at no cash cost under the company’s director compensation program. These RSUs vest on the first anniversary of the grant date, bringing her total direct beneficial ownership to 14,701 shares, including the new RSUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Henriksen Kate

Role null

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

Holdings After Transaction: Common Stock — 14,701 shares (Direct, null)

Footnotes (1)

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

Key Figures

RSU grant size: 2,286 RSUs Grant price: $0.00 per share Total shares after grant: 14,701 shares

3 metrics

RSU grant size 2,286 RSUs Annual Common Stock RSU award to director

Grant price $0.00 per share RSU grant under director compensation program

Total shares after grant 14,701 shares Direct beneficial ownership following transaction

Key Terms

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

3 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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Henriksen Kate

(Last) (First) (Middle)

212 LAVACA STREET

SUITE 300

(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	14,701(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 Kate Henriksen 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)

FAQ

What did Stratus Properties (STRS) director Kate Henriksen report on this Form 4?

Kate Henriksen reported receiving an equity award of Restricted Stock Units. She was granted 2,286 Common Stock RSUs under Stratus Properties’ approved director compensation program, with no cash paid per share, increasing her total direct beneficial ownership to 14,701 shares after the transaction.

How many Stratus Properties (STRS) shares did Kate Henriksen acquire in this filing?

Kate Henriksen acquired 2,286 Restricted Stock Units tied to Common Stock. This grant was recorded as a Form 4 transaction code "A" for a grant or award, and it increased her direct beneficial ownership to 14,701 Stratus Properties shares following the reported transaction.

At what price were the Stratus Properties (STRS) RSUs granted to Kate Henriksen?

The 2,286 Restricted Stock Units were granted at a price of $0.00 per share. This reflects a typical stock-based compensation award to a director, where no cash is paid for the grant, but the units convert into shares as they vest over time.

When do Kate Henriksen’s Stratus Properties (STRS) RSUs vest?

The 2,286 RSUs vest on the first anniversary of the grant date. The grant occurred on the date of Stratus Properties’ annual meeting of stockholders, and the RSUs will fully vest one year later, assuming continued service under the director compensation program.

What is Kate Henriksen’s total Stratus Properties (STRS) ownership after this Form 4?

After the award, Kate Henriksen beneficially owns 14,701 Stratus Properties shares. This total includes the newly granted 2,286 Restricted Stock Units, which are counted in her beneficial ownership even though they will vest on the first anniversary of the grant date.

What type of transaction is reported for Stratus Properties (STRS) in this Form 4?

The filing reports a grant or award acquisition of equity compensation. The transaction code "A" and footnotes describe an annual award of 2,286 Common Stock RSUs granted under Stratus Properties’ previously approved director compensation program, rather than an open-market stock purchase or sale.