4/A: Stratus Properties CEO William Armstrong III Amends SEC Filing to Correct Share Withholding and Ownership Details

William Armstrong III, CEO of Stratus Properties, files an amendment to a previous SEC Form 4 to correct the number of shares withheld for taxes and the total amount beneficially owned after a transaction involving Restricted Stock Units (RSUs).

Summary

• William H. Armstrong III, CEO of Stratus Properties, filed an amended Form 4 with the SEC.
• The amendment corrects the number of shares withheld to cover taxes upon the vesting of Restricted Stock Units (RSUs) on February 15, 2025.
• The amendment also corrects the total amount of shares beneficially owned by Armstrong after the transaction.
• On February 15, 2025, 3,640 shares were withheld to cover taxes at a price of $19.9 per share.
• On February 17, 2025, 3,329 shares were withheld to cover taxes at a price of $19.9 per share.
• Following the reported transactions, Armstrong beneficially owns 661,103 shares, which includes 37,876 RSUs.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't indicate any significant positive or negative developments for the company, but accuracy in reporting is always viewed favorably.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders and the public.

Key Dates

Keywords

SEC Filing, Form 4, Amendment, Stratus Properties, William Armstrong III, Restricted Stock Units, RSUs, Beneficial Ownership, Share Withholding, Taxes