Form 4: Stratus Properties CFO Erin D. Pickens Reports Stock Grant and Tax Withholdings
SEC Form 4 Filing
Erin D. Pickens, Senior VP & CFO of Stratus Properties Inc., reports the acquisition of stock through a restricted stock unit (RSU) grant and subsequent disposal of shares to cover taxes.
Summary
- Erin D. Pickens, Senior VP & CFO of Stratus Properties Inc. reported transactions involving Stratus Properties Inc. common stock.
- On February 13, 2025, Pickens acquired 6,691 shares of common stock through a grant of Restricted Stock Units (RSUs) as part of the 2024 annual bonus under the company's Executive Annual Incentive Plan.
- These RSUs will vest on February 13, 2026, contingent upon continued service.
- On February 15, 2025, 1,440 shares were disposed of at $19.9 to cover taxes due upon the vesting of RSUs.
- On February 17, 2025, 925 shares were disposed of at $19.9 to cover taxes due upon the vesting of RSUs.
- Following these transactions, Pickens beneficially owns 66,065 shares of common stock, including 11,673 RSUs.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation. There are no indications of significant positive or negative developments.
Positives
- The RSU grant aligns the CFO's interests with the company's performance and shareholder value.
Future Outlook
The reported transactions reflect standard executive compensation practices and do not provide specific forward-looking statements about the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. RSU grants are a common form of executive compensation in the real estate industry, aligning management's interests with those of shareholders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Grant of 6,691 Common Stock Restricted Stock Units (RSUs). |
| 02/15/2025 | Disposal of 1,440 shares to cover taxes due upon vesting of RSUs. |
| 02/17/2025 | Disposal of 925 shares to cover taxes due upon vesting of RSUs. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
| 02/13/2026 | Vesting date for the granted RSUs. |
Keywords
Stratus Properties, Erin D. Pickens, CFO, Form 4, RSU, Restricted Stock Units, Beneficial Ownership, Executive Compensation, Stock Grant, Tax Withholding
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