Stratus Properties adopts new executive incentive plans (AIP and LTIP) effective 2023

STRATUS PROPERTIES INC

Compensation Committee approved Executive Annual Incentive Plan (AIP) and Long-Term Incentive Plan (LTIP) on Feb 24, 2023.
AIP provides annual cash awards based on pre-established performance goals for executive officers and key employees.
LTIP amends and restates prior PPIP; ties long-term awards to development project success with NAV-based and AIP performance adjustments.
For executive officers, LTIP payouts may be reduced up to 25% if NAV targets not met, and 5-10% if AIP average below target.
Executives receive the greater of LTIP or AIP payout for a given year, not both.

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