STRATUS PROPERTIES INC — Director's Dealing 2024

Feb 20, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STRATUS PROPERTIES INC (STRS)
CIK: 0000885508
Period of Report: 2024-02-15

Reporting Person: ARMSTRONG WILLIAM H III (Director, Chair of Board, President, CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-15	Common Stock	A	16395	—	Acquired	653288	Direct
2024-02-15	Common Stock	A	8623	—	Acquired	661911	Direct
2024-02-17	Common Stock	F	3531	$23.10	Disposed	658380	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3250	Indirect

Footnotes

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 15, 2024. The RSUs vest in three equal installments on February 15, 2025 and on each of the next two anniversaries thereof, 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, 2022.

F2: Represents a grant of RSUs in partial payment of the Reporting Person's 2023 annual bonus under the Issuer's Executive Annual Incentive Plan. The RSUs will vest in one installment on February 15, 2025, the first anniversary of the date of grant, provided the recipient satisfies the applicable service conditions.

F3: Shares withheld to cover the taxes due upon the vesting of RSUs.

F4: Amount beneficially owned following the reported transaction includes 67,811 RSUs.