Stratus Properties (STRS) director Joseph James receives 2,286-share RSU award

Rhea-AI Filing Summary

JOSEPH JAMES reported acquisition or exercise transactions in this Form 4 filing.

Stratus Properties director Joseph James received an annual equity award in the form of Restricted Stock Units (RSUs). He was granted 2,286 shares of Common Stock on the date of the company’s annual stockholder meeting, as part of the previously approved director compensation program.

The RSUs vest on the first anniversary of the grant date, meaning the shares are earned over time rather than immediately. After this award, James beneficially owns 5,666 shares of Common Stock, which includes the 2,286 RSUs from this grant.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider JOSEPH JAMES

Role null

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

Holdings After Transaction: Common Stock — 5,666 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

RSUs granted: 2,286 shares Grant price: $0.00 per share Total shares after grant: 5,666 shares +3 more

6 metrics

RSUs granted 2,286 shares Annual Common Stock RSU award to director Joseph James

Grant price $0.00 per share Compensation award, not open-market purchase

Total shares after grant 5,666 shares Beneficially owned following the reported transaction

RSUs included in ownership 2,286 RSUs Part of beneficially owned total after transaction

Vesting schedule First anniversary of grant date RSUs vest one year after grant

Transaction date June 1, 2026 Grant date of RSU award

Key Terms

Restricted Stock Units, director compensation program, vest, beneficially owned

4 terms

Restricted Stock Units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

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.

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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^*

JOSEPH JAMES

(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	5,666(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 James E. Joseph 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 Joseph James report on this Form 4?

Joseph James reported receiving an annual grant of 2,286 Restricted Stock Units. These RSUs represent Common Stock awarded under Stratus Properties’ director compensation program and increase his beneficial ownership to 5,666 shares, including the newly granted RSUs that vest over time.

How many Stratus Properties (STRS) shares did Joseph James acquire in this transaction?

Joseph James acquired 2,286 shares in the form of Restricted Stock Units. The Form 4 shows a grant of 2,286 Common Stock RSUs at a price of $0.00 per share, reflecting a compensation award rather than an open-market stock purchase.

When do Joseph James’s new Stratus Properties (STRS) RSUs vest?

The new Restricted Stock Units vest on the first anniversary of the grant date. The award was granted on the date of the company’s annual stockholder meeting, with vesting occurring one year later if the vesting conditions in the compensation program are met.

What is Joseph James’s total Stratus Properties (STRS) ownership after this RSU grant?

After the reported transaction, Joseph James beneficially owns 5,666 shares of Common Stock. This total includes 2,286 newly granted Restricted Stock Units, as disclosed in the Form 4 footnotes, and reflects his direct ownership position following the award.

Was the Stratus Properties (STRS) RSU grant to Joseph James part of a regular program?

Yes, the RSU grant was made under a previously approved director compensation program. The footnotes explain that the 2,286 Common Stock RSUs represent an annual award granted on the date of Stratus Properties’ annual meeting of stockholders to compensate directors.