Stratus Properties (STRS) CFO receives new stock-based RSU awards

Rhea-AI Filing Summary

PICKENS ERIN D reported acquisition or exercise transactions in this Form 4 filing.

Stratus Properties Inc. Senior VP & CFO Erin D. Pickens reported receiving two stock-based awards tied to the company’s common stock. One grant covers 3,318 stock‑settled restricted stock units (RSUs) under the Profit Participation Incentive Plan, vesting in three equal annual installments starting on February 19, 2027, subject to service conditions.

A second grant covers 6,963 RSUs as partial payment of the executive’s 2025 annual bonus under the Executive Annual Incentive Plan, vesting in a single installment on February 19, 2027, also subject to service conditions. Following these grants, Pickens beneficially owns common stock that includes 12,397 RSUs.

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

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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)
02/19/2026

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	02/19/2026		A(1)		3,318	A	$0	66,843	D
Common Stock	02/19/2026		A(2)		6,963	A	$0	73,806(3)	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 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. The grant was approved by the Issuer's Compensation Committee on February 19, 2026. The RSUs vest in three equal installments on February 19, 2027 and on each of the next two anniversaries thereof, provided that the recipient satisfies the applicable service conditions.

2. Represents a grant of RSUs in partial payment of the Reporting Person's 2025 annual bonus under the Issuer's Executive Annual Incentive Plan. The RSUs will vest in one installment on February 19, 2027, the first anniversary of the date of grant, provided the recipient satisfies the applicable service conditions.

3. Amount beneficially owned following the reported transaction includes 12,397 RSUs.

Remarks:

	Kelly C. Simoneaux, on behalf of Erin D. Pickens pursuant to a power of attorney	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

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

The filing shows Senior VP & CFO Erin D. Pickens received two grants of stock-settled restricted stock units tied to Stratus common stock, as part of incentive and bonus compensation, with vesting dates in 2027 and later anniversaries, subject to continued service.

How many RSUs did the STRS CFO receive in the latest compensation grants?

Erin D. Pickens received 3,318 restricted stock units under the Profit Participation Incentive Plan and 6,963 restricted stock units as part of the 2025 annual bonus, both settled in Stratus common stock and subject to future vesting conditions over time.

What are the vesting terms of the new RSU awards reported by STRS?

The 3,318 RSUs vest in three equal installments on February 19, 2027 and on each of the next two anniversaries, if service conditions are met. The 6,963 RSUs vest in a single installment on February 19, 2027, also contingent on continued service.

How does this Form 4 affect Erin D. Pickens’ beneficial ownership in STRS?

After the reported RSU grants, Erin D. Pickens’ beneficially owned position in Stratus common stock includes 12,397 restricted stock units. These units represent rights to receive shares in the future, subject to the specific vesting schedules and ongoing service requirements described in the awards.

Were the STRS insider RSU grants part of specific company incentive plans?

Yes. One grant was issued under Stratus’s Profit Participation Incentive Plan for participation interests in a development project. The other grant was made under the Executive Annual Incentive Plan as partial payment of the executive’s 2025 annual bonus, both using stock-settled RSUs.