JOSEPH JAMES 4

What Happened
Joseph James, a director of Stratus Properties Inc. (STRS), received a grant of 2,286 restricted stock units (RSUs) on June 1, 2026. The RSUs were granted at $0.00 (a non-cash award) under the company’s director compensation program. These RSUs vest on the first anniversary of the grant date and are reported as an award rather than a purchase or sale.

Key Details

• Transaction date: 2026-06-01; Transaction type/code: Award/Grant (A).
• Amount: 2,286 RSUs; reported purchase price: $0.00 (non-cash award).
• Shares/units beneficially owned after transaction: includes 2,286 RSUs (per filing).
• Footnotes: RSUs were an annual director award granted at the issuer’s annual meeting and vest on the first anniversary of the grant.
• Filing: Form 4 filed with accession 0001244468-26-000004 on 2026-06-01. No late filing indicated in the report.

Context
RSU grants to directors are a common form of non-cash compensation and typically reflect routine governance compensation rather than a direct market sentiment signal. The RSUs will convert to common stock (if vested) on the vesting date, at which point the director will own the underlying shares unless other arrangements (e.g., withholding for taxes) are noted in future filings.