PICKENS ERIN D 4
Research Summary
AI-generated summary
Stratus (STRS) CFO Erin Pickens Sells 2,198 Shares for $65.2K
What Happened
Erin D. Pickens, Senior Vice President and Chief Financial Officer of Stratus Properties (STRS), had 2,198 shares disposed to satisfy tax withholding on vested restricted stock units (RSUs). The dispositions occurred in two withholdings: 1,865 shares at $29.69 ($55,372) and 333 shares at $29.40 ($9,790), totaling approximately $65,162. These were tax-withholding transactions (code F), not an open-market sale for investment purposes.
Key Details
- Transaction dates and prices:
- 2026-02-13: 1,865 shares withheld at $29.69 — $55,372
- 2026-02-15: 333 shares withheld at $29.40 — $9,790
- Total shares withheld/disposed: 2,198; total value ≈ $65,162.
- Footnotes:
- F1: Shares were withheld to cover taxes due upon RSU vesting.
- F2: Beneficial ownership following the transaction includes 2,116 RSUs.
- Filing: Form 4 filed 2026-02-17 (document accession 0001207576-26-000002).
Context
This was a routine tax-withholding event tied to RSU vesting (cashless withholding), which is common and does not necessarily signal a change in the insider's view of the company. For retail investors, purchase transactions typically carry more informational weight than withholding or routine dispositions.