Form 4: Stratus Properties CEO William Armstrong III Reports Changes in Beneficial Ownership
SEC Form 4 Filing
William Armstrong III, CEO of Stratus Properties, reports a transaction involving common stock related to tax obligations on vested Restricted Stock Units (RSUs).
Summary
- On March 11, 2024, William H. Armstrong III, the Chair of the Board, President, and CEO of Stratus Properties Inc. (STRS), engaged in a transaction involving the company's common stock.
- 2,277 shares were disposed of to cover taxes due upon the vesting of Common Stock Restricted Stock Units (RSUs) at a price of $22.45.
- Following the transaction, Armstrong directly owns 656,103 shares of common stock, which includes 61,814 RSUs.
- Armstrong also indirectly owns 3,250 shares through an IRA.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of transaction involving common stock. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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