PICKENS ERIN D 4
4 · STRATUS PROPERTIES INC · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Stratus Properties (STRS) CFO Erin Pickens Receives RSU Award
What Happened
Erin D. Pickens, Senior Vice President and Chief Financial Officer of Stratus Properties (STRS), received two grants of restricted stock units (RSUs) on February 19, 2026 totaling 10,281 RSUs (3,318 and 6,963 RSUs). Both grants were awarded at $0.00 per share (stock-settled RSUs), meaning no cash was paid. These are awards — not purchases or sales — and will convert to common shares only if and when they vest.
Key Details
- Transaction date: February 19, 2026. Form 4 filed February 23, 2026 (timely filing).
- Grants: 3,318 RSUs (F1) and 6,963 RSUs (F2), both reported as Acquisition (code A) at $0.00. Total granted = 10,281 RSUs.
- Vesting: 3,318 RSUs vest in three equal installments on Feb 19, 2027 and each of the next two anniversaries (F1). 6,963 RSUs vest in one installment on Feb 19, 2027 (F2). Vesting is subject to service conditions.
- Shares owned after transaction: The filing states beneficial ownership following the transaction includes 12,397 RSUs (F3).
- Notes: These are compensation/bonus awards (not open-market trades). No sale or cash proceeds were reported.
Context
RSUs represent a promise to receive shares in the future if vesting conditions are met; they do not reflect immediate stock purchases or sales. Such grants are common forms of executive compensation and are typically intended for retention or to pay bonuses. The economic value to the insider will depend on Stratus Properties’ stock price when and if the RSUs vest.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-19+3,318→ 66,843 total - Award
Common Stock
[F2][F3]2026-02-19+6,963→ 73,806 total
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 12,397 RSUs.