Form 4: Stratus Properties CFO Erin D. Pickens Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Erin D. Pickens, Senior VP & CFO of Stratus Properties Inc., reports the disposal of shares to cover taxes due upon the vesting of restricted stock units.
Summary
- On March 11, 2024, Erin D. Pickens, the Senior VP & CFO of Stratus Properties Inc., disposed of 366 shares of common stock at a price of $22.45 per share to cover taxes due upon the vesting of Restricted Stock Units (RSUs).
- Following this transaction, Pickens beneficially owns 62,349 shares of Stratus Properties Inc., which includes 15,752 RSUs.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it's neutral in sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CFO, trade their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of transaction: Erin D. Pickens disposed of shares to cover taxes. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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