Form 4: Stratus Properties CFO Erin D. Pickens Reports Stock Transaction
SEC Form 4 Filing
Erin D. Pickens, Senior VP & CFO of Stratus Properties Inc, reports disposition of shares to cover taxes upon vesting of restricted stock units.
Summary
- On March 15, 2024, Erin D. Pickens, the Senior VP & CFO of Stratus Properties Inc. (STRS), disposed of 610 shares of common stock to cover taxes due upon the vesting of Common Stock Restricted Stock Units (RSUs).
- The transaction was executed at a price of $22.52 per share.
- Following the transaction, Pickens beneficially owns 61,739 shares, which includes 13,252 RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CFO in this case, conduct transactions in their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock transaction (disposal of shares). |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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