PICKENS ERIN D 4
4 · STRATUS PROPERTIES INC · Filed May 17, 2022
Insider Transaction Report
Form 4
PICKENS ERIN D
Senior VP & CFO
Transactions
- Award
Common Stock
2022-05-16+10,253→ 58,075 total
Footnotes (2)
- [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 17, 2022, to be effective on the date of filing of a registration statement on Form S-8 registering the shares of Common Stock issuable under the Issuer's 2022 Stock Incentive Plan. The RSUs vest in three equal annual installments on May 16, 2023 and on each of February 17, 2024 and 2025, provided that the recipient satisfies the applicable service conditions. For additional information, see Note 8 to the Issuer's financial statements included in its Form 10-K for the year ended December 31, 2021.
- [F2]Amount beneficially owned following the reported transactions includes 21,001 RSUs.