secwatch.observer — SEC 8-K summary
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Issuer:     STRATUS PROPERTIES INC (STRS)
CIK:        0000885508
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0000885508-23-000007
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/885508/000088550823000007/0000885508-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/885508/000088550823000007/strs-20230224.htm
  HTML page:      https://secwatch.observer/filing/0000885508-23-000007

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