STRATUS PROPERTIES INC
For the period ended May 9, 2024. Filed Apr 8, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 9, 2024 · Filed Apr 8, 2024
Contents
Objectives of Our Compensation Program
The compensation committee is responsible for designing, implementing, and administering our executive compensation program. The compensation committee seeks to increase stockholder value by:
| • | rewarding performance tied primarily to the success of our development projects; |
| • | aligning the interests of the executive officers with the interests of our stockholders; and |
| • | providing a level of total compensation that will enable the Company to attract, incentivize and retain talented executive officers. |
As a result of our implementation of these objectives, the majority of our CEO’s total compensation paid during the three-year period ended December 31, 2023 consisted of variable, at risk forms of pay that were dependent on our performance, as reflected in the chart below.
Allocation of CEO Compensation – 2021-2023
Total Fixed Pay = 16% Total Variable, At-Risk Pay = 84% Total Performance Pay = 77%
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