Robert C. Springer - 07 Mar 2022 Form 4 Insider Report for Sunstone Hotel Investors, Inc. (SHO)

Reporting relationship: President and CIO
Issuer ticker: SHO
Reported as of: 07 Mar 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 08 Mar 2022, 16:17:52 UTC
Prior SEC filing: 17 Feb 2022
Next SEC filing: 13 Jun 2022
Source filing: View source filing
Reporting owner signature: /s/ Robert C. Springer

Filing notes and source

Key filing fact

Robert C. Springer filed Form 4 for Sunstone Hotel Investors, Inc. (SHO) on 08 Mar 2022.

Key facts

This page summarizes Robert C. Springer's Form 4 filing for Sunstone Hotel Investors, Inc. (SHO).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 08 Mar 2022, 16:17.

Change

Previous filing in this sequence was filed on 17 Feb 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SHO transaction

Common Stock

Award

Transaction value
Shares: +62,668
Change %: +13%
Price
Shares after: 540,524
Date: 07 Mar 2022
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SHO transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +94,002
Change %
Price: $0.000000
Shares after: 94,002
Date: 07 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 94,002
Exercise price
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

On March 7, 2022, Sunstone Hotel Investors, Inc. (the "Company") granted 62,668 restricted shares of common stock to the Reporting Person pursuant to its 2004 Long-Term Incentive Plan, as amended and restated November 1, 2019 ("LTIP"). Such shares are subject to the satisfaction of vesting requirements over a five-year period with 10% on each of the first four anniversaries and 60% on the fifth anniversary of the grant date.

Footnote F2

Number of securities rounded to the nearest whole share.

Footnote F3

Each performance-based restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock.

Footnote F4

Represents an award of RSU's under the Company's LTIP that was approved by the Compensation Committee. One-fifth of the RSU's will be considered earned when the Company achieves each of the following average closing stock price targets of $13.50, $15.00, $16.50, $18.00 and $19.50 over a consecutive 20-trading day period during the five-year performance period ("Price Per Share Goal"), subject to the Reporting Person's continued service. Each earned RSU will vest on the later of the third anniversary of the grant date and the date on which the Price Per Share Goal is achieved.