---
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"
generated_at: "2026-06-18T16:43:07.590851+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000885508-23-000007
- JSON: https://secwatch.observer/filing/0000885508-23-000007.json
- Plain text: https://secwatch.observer/filing/0000885508-23-000007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.