MADDEN MICHAEL D 4

What Happened

Michael D. Madden, a director of Stratus Properties Inc. (STRS), was granted 2,286 restricted stock units (RSUs) on 2026-06-01. The grant was reported as an Award/Grant (code A) at a grant price of $0.00 (no cash exchanged at grant). The RSUs will convert to shares if and when they vest.

Key Details

• Transaction date: 2026-06-01
• Transaction type/code: Award/Grant (A) of RSUs
• Quantity: 2,286 RSUs; reported grant price $0.00; reported grant value $0 at grant
• Shares/units owned after transaction: includes 2,286 RSUs (per filing footnote)
• Vesting: RSUs vest on the first anniversary of the grant date (per footnote F1)
• Filing status: Reported on Form 4 with period of report 2026-06-01 (no late filing indicated)
• Footnotes: F1 — annual director RSU award under previously approved director compensation program; F2 — amount beneficially owned after transaction includes these 2,286 RSUs

Context

RSUs are compensation awards that typically convert to common shares on vesting and are not tradable at grant. Awards are routine components of director pay and do not necessarily signal a buy or sell decision by the insider. Unlike open-market purchases, grants primarily reflect company compensation practices rather than an immediate market sentiment indicator.