ARMSTRONG WILLIAM H III 4
4 · STRATUS PROPERTIES INC · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
STRATUS PROPERTIES (STRS) CEO William Armstrong Receives RSU Awards
What Happened
William H. Armstrong III — Chair of the Board, President, CEO and Director of Stratus Properties (STRS) — was granted two stock-settled Restricted Stock Unit (RSU) awards on 2026-02-19 totaling 32,226 RSUs (16,588 RSUs and 15,638 RSUs). Both grants had a $0 acquisition price (awards, not purchases) and therefore no cash value at grant is reported. The grants were approved by the Issuer’s Compensation Committee on February 19, 2026.
Key Details
- Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (timely).
- Grants: 16,588 RSUs (F1) and 15,638 RSUs (F2); acquisition price $0.00 for each. Total new RSUs = 32,226.
- Shares beneficially owned after transaction: includes 40,191 RSUs (per filing, F3).
- Vesting: F1 grant vests in three equal annual installments on Feb 19, 2027 and the next two anniversaries (service condition). F2 grant vests in one installment on Feb 19, 2027 (service condition).
- Notes: Grants are compensation awards (code A). Approved by the Compensation Committee; no immediate sale or cashless exercise reported.
Context
These RSUs are compensation awards, not open-market purchases or sales — they reflect expected future equity compensation contingent on service until each vesting date. For retail investors, awards increase insider stake over time but do not represent a current cash investment by the insider.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-19+16,588→ 669,218 total - Award
Common Stock
[F2][F3]2026-02-19+15,638→ 684,856 total
- 3,250(indirect: By IRA)
Common Stock
Footnotes (3)
- [F1]Represents the grant of stock-settled Common Stock Restricted Stock Units ("RSUs") in payment of participation interests in a development project pursuant to the terms of the Issuer's Profit Participation Incentive Plan. The grant was approved by the Issuer's Compensation Committee on February 19, 2026. The RSUs vest in three equal installments on February 19, 2027 and on each of the next two anniversaries thereof, provided that the recipient satisfies the applicable service conditions.
- [F2]Represents a grant of RSUs in partial payment of the Reporting Person's 2025 annual bonus under the Issuer's Executive Annual Incentive Plan. The RSUs will vest in one installment on February 19, 2027, the first anniversary of the date of grant, provided the recipient satisfies the applicable service conditions.
- [F3]Amount beneficially owned following the reported transaction includes 40,191 RSUs.