PICKENS ERIN D 4

What Happened
Erin D. Pickens, Senior Vice President & Chief Financial Officer of Stratus Properties (STRS), had 183 shares withheld to satisfy tax withholding on vested restricted stock units (RSUs). The shares were withheld at a price of $32.34 per share, for a total value of approximately $5,918. This was not an open-market sale or a purchase by the insider but a routine tax-withholding disposition tied to RSU vesting.

Key Details

• Transaction date: 2026-03-15; Filing date: 2026-03-17 (filed within required Form 4 timeframe).
• Shares withheld: 183 at $32.34 per share; total value ≈ $5,918.
• Beneficial ownership after the transaction: filing notes that the amount beneficially owned includes 11,647 RSUs.
• Footnotes: F1 — shares withheld to cover taxes due upon vesting of RSUs; F2 — beneficial ownership includes 11,647 RSUs.
• Transaction code: F (tax withholding/net share settlement).

Context
Tax withholding on vested RSUs is a common, administrative disposition and does not represent an intentional open-market sale or buy decision by the insider. Such transactions are routine and typically reflect the company’s settlement method for covering tax liabilities on equity awards rather than a signal of sentiment about the company’s stock.