Real Estate
Stratus Properties Executive Compensation (FY24)
STRS · Austin, TX · Executive and director compensation, fiscal 2022 to 2024
Data as of September 7, 2026Latest filing (8-K): June 1, 2026
116 figures on this page: 105 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
William Armstrong, Chairman of the Board President and Chief Executive Officer, received $1,751,376 in total compensation for fiscal 2024, and Armstrong's total was 26.3% higher than the $1,386,781 reported for fiscal 2023. Separately, the disclosed peer group includes Armada Hoffler Properties, Inc, CatchMark Timber Trust, Inc, CTO Realty Growth, Inc, Farmland Partners Inc and Forestar Group Inc, among others. Meanwhile, the fiscal 2024 disclosure covers 2 named executive officers. For fiscal 2025, the say-on-pay proposal drew 79.1% support at the meeting held June 1, 2026.
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — William Armstrong: $1,386,781 → $1,751,376 (26.3% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Stratus Properties' chief executive and what were they paid?
William Armstrong, Chairman of the Board President and Chief Executive Officer, received $1,751,376 in total compensation for fiscal 2024. Armstrong's total was 26.3% higher than the $1,386,781 reported for fiscal 2023.
What was Stratus Properties' say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 79.1% support at the meeting held June 1, 2026.
Which companies are in Stratus Properties' peer group?
The disclosed peer group includes Armada Hoffler Properties, Inc, CatchMark Timber Trust, Inc, CTO Realty Growth, Inc, Farmland Partners Inc and Forestar Group Inc, among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
William Armstrong Chairman of the Board, President and Chief Executive Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Erin Pickens Senior Vice President and Chief Financial Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
William Armstrong Chairman of the Board, President and Chief Executive Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Erin Pickens Senior Vice President and Chief Financial Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
William Armstrong Chairman of the Board President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Erin Pickens Senior Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2022
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Erin D. Pickens | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Erin D. Pickens | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| William H. Armstrong III | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| William H. Armstrong III | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| William H. Armstrong III | RSU | ◇ | — | — | ◇ | — | — | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Erin Pickens | RSU | ◇ | ◇ | — | — |
| William Armstrong | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2024
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
James E. Joseph Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Neville L. Rhone, Jr | ◇ | ◇ | — | — | — | — | ◇ |
Kate B. Henriksen | ◇ | ◇ | — | — | — | — | ◇ |
Laurie L. Dotter | ◇ | ◇ | — | — | — | — | ◇ |
Michael D. Madden | ◇ | ◇ | — | — | — | — | ◇ |
Charles W. Porter | ◇ | ◇ | — | — | — | — | ◇ |
William Armstrong and William H. Armstrong III served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
- Armada Hoffler Properties, Inc AHRT
- CatchMark Timber Trust, Inc CTT
- CTO Realty Growth, Inc CTO
- Farmland Partners Inc FPI
- Forestar Group Inc FOR
- FRP Holdings, Inc FRPH
- Maui Land & Pineapple Company, Inc MLP
- One Liberty Properties, Inc OLP
- SoTHERLY Hotels Inc symbol not shown
- Tejon Ranch Co TRC
- The InterGroup Corporation INTG
- UMH Properties, Inc UMH
- Whitestone REIT WSR
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 1, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 13, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 9, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 11, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 12, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | June 4, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | May 7, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | May 2, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 3, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 18, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | June 6, 2016 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact Stratus Properties disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Stratus Properties sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
116 figures on this page: 105 cited to the filing that reported them, 11 calculated from figures it prints.
105 cited to the filing
11 calculated from the filing
Documents cited
- 0000885508-26-000029
- 0000885508-25-000027
- 0001193125-25-0750612024 Summary Compensation Table · Director Compensation · Outstanding Equity Awards at December 31, 2024
- 0000885508-24-000035
- 0001193125-24-0890342023 Summary Compensation Table
- 0000885508-23-000024
- 0001193125-23-0965372022 Summary Compensation Table · OUR THREE CLASSDIRECTOR NOMINEES, MESSRS. JOSEPH AND MADDEN AND
- 0000885508-22-000022
- 0000885508-21-000057
- 0000885508-20-000015
- 0000885508-19-000014
- 0000885508-18-000017
- 0000885508-17-000018
- 0000885508-16-000056
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Stratus Properties executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/STRS (accessed 2026).
Short form: data: Velarion
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Real Estate rankings
Peers Stratus Properties discloses
The companies named in STRS's own disclosed peer group.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}