Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - STRATUS PROPERTIES INC | q417exhibit322.htm |
| EX-32.1 - EXHIBIT 32.1 - STRATUS PROPERTIES INC | q417exhibit321.htm |
| EX-31.2 - EXHIBIT 31.2 - STRATUS PROPERTIES INC | q417exhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - STRATUS PROPERTIES INC | q417exhibit311.htm |
| EX-24.2 - EXHIBIT 24.2 - STRATUS PROPERTIES INC | q417exhibit242.htm |
| EX-24.1 - EXHIBIT 24.1 - STRATUS PROPERTIES INC | q417exhibit241.htm |
| EX-23.1 - EXHIBIT 23.1 - STRATUS PROPERTIES INC | q417exhibit231.htm |
| EX-21.1 - EXHIBIT 21.1 - STRATUS PROPERTIES INC | q417exhibit211.htm |
| EX-10.22 - EXHIBIT 10.22 - STRATUS PROPERTIES INC | q417exhibit1022.htm |
| 10-K - 10-K - STRATUS PROPERTIES INC | a2017stratus10-k.htm |
Exhibit 10.38
STRATUS PROPERTIES INC.
DIRECTOR COMPENSATION
(Effective January 1, 2018)
Cash Compensation
Each non-employee director of Stratus Properties Inc. (“Stratus”) receives an annual of $35,000. The lead independent director receives an additional annual fee of $25,000. Committee chairs receive an additional annual fee as follows: Audit Committee, $17,500; Compensation Committee, $12,500; and Nominating and Corporate Governance Committee, $10,000. Each committee member, excluding the chair of each committee, receives an additional annual fee as follows: Audit Committee members, $7,500; Compensation Committee members, $6,000; and Nominating and Corporate Governance Committee, $5,000. Each director also receives reimbursement for reasonable out-of-pocket expenses incurred in attending board and committee meetings.
Equity-Based Compensation
Each non-employee director receives equity-based compensation under Stratus’ stock incentive plans, which were approved by Stratus’ stockholders. On September 1st of each year, each non-employee director receives a grant of restricted stock units (RSUs) having a grant date fair value equal to $45,000. The RSUs vest ratably over the first four anniversaries of the grant date. Each RSU entitles the director to receive one share of Straus common stock upon vesting.