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, 2025, Erin D. Pickens, Senior VP & CFO of Stratus Properties Inc., reported a transaction involving common stock.
- A total of 366 shares were disposed of at a price of $18.07 per share to cover taxes due upon the vesting of Common Stock Restricted Stock Units (RSUs).
- Following the transaction, Pickens beneficially owns 65,723 shares, which includes 10,173 RSUs.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations. It doesn't inherently reflect positive or negative sentiment towards the company's prospects.
Industry Context
This is a routine Form 4 filing, reflecting a common practice of executives selling shares to cover tax obligations arising from the vesting of restricted stock units. It doesn't necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2025 | Date of transaction: disposition of shares to cover taxes on vesting RSUs |
| 03/18/2025 | Date of signature on the report |
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