−Removed: Unregistered Sales of Equity Securities and Use of Proceeds .
−Removed: There were no unregistered sales of our equity securities during the three months ended June 30, 2023.
−Removed: The following table provides a summary of repurchases of shares of our common stock by our company and any “affiliated purchaser” as defined by the SEC during the three months ended June 30, 2023, and the approximate dollar value of shares that may yet be purchased pursuant to our share repurchase program as of June 30, 2023:
+Added: Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities .
+Added: There were no unregistered sales of our equity securities during the three months ended September 30, 2023.
+Added: The following table provides a summary of repurchases of shares of our common stock by our company and any “affiliated purchaser” as defined by the SEC during the three months ended September 30, 2023, and the approximate dollar value of shares remaining available for purchase pursuant to our $10.0 million share repurchase program as of September 30, 2023:
Period Total Number
2 unchanged sentences
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs a
−Removed: April 1, 2023 through April 30, 2023 13,087 $ 20.49 13,087 $ 974,540
−Removed: May 1, 2023 through May 31, 2023 10,919 $ 23.75 10,919 $ 715,208
−Removed: June 1, 2023 through June 30, 2023 6,676 $ 24.95 6,676 $ 548,639
+Added: July 1, 2023 through July 31, 2023 10,467 $ 26.45 10,467 $ 271,822
+Added: August 1, 2023 through August 31, 2023 3,031 $ 27.58 3,031 $ 188,213
+Added: September 1, 2023 through September 30, 2023 4,115 $ 27.81 4,115 $ 73,777
Total 17,613 $ 26.96 17,613 $ 73,777
On September 2, 2022, we announced that our Board approved a share repurchase program authorizing repurchases of up to $10.0 million of our common stock.
−Removed: The timing, price and number of shares that may be repurchased under the program will be based on market conditions, applicable securities laws and other factors considered by management.
+Added: Share repurchases under the program were made from time to time through solicited or unsolicited transactions in the open market, in privately negotiated transactions or by other means in accordance with securities laws.
+Added: In October 2023, we completed the share repurchase program, which did not have an expiration date.
+Added: In total, under the completed share repurchase program we acquired 389,378 shares of our common stock for a cost of $10.0 million at an average price of $25.68 per share.
+Added: On November 14, 2023, we announced that our Board approved a new share repurchase program authorizing repurchases of up to $5.0 million of our common stock.
+Added: The timing, price and number of shares that may be repurchased under the program will be based on market conditions, applicable securities laws and other factors considered by management and the Capital Committee of the Board.
Share repurchases under the program may be made from time to time through solicited or unsolicited transactions in the open market, in privately negotiated transactions or by other means in accordance with securities laws.
The share repurchase program does not obligate us to repurchase any specific amount of shares, does not have an expiration date, and may be suspended, modified or discontinued at any time without prior notice.
−Removed: Through August 9, 2023, we have acquired 381,889 shares of our common stock for a total cost of $9.8 million at an average price of $25.65 per share, and $0.2 million remains available for repurchases under the program.
Incorporated by Reference
24 unchanged sentences
Sixth Modification Agreement by and between Stratus Properties Inc., certain of its subsidiaries and Comerica Bank, effective as of May 31, 2023.
+Added: 10-Q 001-37716 8/14/2023
+Added: First Amendment of Loan Agreement by and between College Station 1892 Properties, L.L.C., as borrower, and Regions Bank, as lender, effective as of August 1, 2023.
Stratus Properties Inc.
10 unchanged sentences
Section 1350.
−Removed: 101.INS XBRL Instance Document - the XBRL Instance Document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
−Removed: 101.SCH Inline XBRL Taxonomy Extension Schema.
Incorporated by Reference
Number Exhibit Title Filed with this Form 10-Q Form File No.
+Added: 101.INS XBRL Instance Document - the XBRL Instance Document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
+Added: 101.SCH Inline XBRL Taxonomy Extension Schema.
101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase.
11 unchanged sentences
Principal Accounting Officer)
−Removed: August 14, 2023
+Added: November 14, 2023
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.