Form 4: Stratus Properties CEO William Armstrong III Reports Stock Transaction
SEC Form 4 Filing
William Armstrong III, CEO of Stratus Properties, reports disposition of shares to cover taxes upon vesting of restricted stock units.
Summary
- On March 15, 2025, William H. Armstrong III, the Chair of the Board, President, and CEO of Stratus Properties Inc. (STRS), disposed of 2,782 shares of common stock to cover taxes due upon the vesting of Restricted Stock Units (RSUs).
- The shares were disposed of at a price of $18.07 per share.
- Following the transaction, Armstrong directly owns 658,321 shares, which includes 30,688 RSUs, and indirectly owns 3,250 shares through an IRA.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction related to tax obligations on vested RSUs. It doesn't inherently indicate positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of stock transaction (disposal of shares). |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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