On November 1, 2022, in connection with the retirement of James C. Leslie from the Board of Directors of Stratus Properties Inc. After 26 years of service, Mr. Leslie, a Class II director with a term expiring at Stratus' 2024 annual meeting of stockholders, retired from Stratus' Board and from all Board committees on which he served, effective November 4, 2022. Mr. Leslie's decision to retire is not due to any disagreement with Stratus.