{"schema_version":"secwatch.filing_event.v1","accession":"0000885508-23-000007","form_type":"8-K","ticker":"STRS","cik":"0000885508","company_name":"STRATUS PROPERTIES INC","filed_at":"2023-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.392681+00:00","generated_at":"2026-06-18T16:43:07.590851+00:00","sec_items":["5.02"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Stratus Properties adopts new executive incentive plans (AIP and LTIP) effective 2023","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000885508-23-000007","json":"https://secwatch.observer/filing/0000885508-23-000007.json","markdown":"https://secwatch.observer/filing/0000885508-23-000007.md","text":"https://secwatch.observer/filing/0000885508-23-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/885508/000088550823000007/0000885508-23-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/885508/000088550823000007/strs-20230224.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T16:43:07.590851+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}