Form 4: Sunstone Hotel Investors CEO Bryan Giglia Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Bryan Giglia, CEO of Sunstone Hotel Investors, reports the withholding of 24,749 common stock shares to cover tax obligations related to previously granted restricted stock awards.
Summary
- On February 15, 2025, Sunstone Hotel Investors withheld 24,749 shares of common stock from CEO Bryan Giglia to satisfy tax obligations related to prior restricted stock awards.
- The withholding occurred because of the vesting of restricted stock units previously granted to Mr. Giglia.
- The price used for calculating the withholding was $11.20 per share, based on the closing price of Sunstone's common stock on February 14, 2025, as February 15th fell on a weekend.
- Following the transaction, Mr. Giglia directly owns 676,397 shares of Sunstone Hotel Investors.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive compensation and doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a change in the company's overall financial health or strategic direction.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it relates to internal tax obligations of the CEO.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Closing price of Sunstone Hotel Investors common stock was $11.20 per share. |
| 02/15/2025 | Date of share withholding for tax obligations. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Sunstone Hotel Investors, Bryan Giglia, Form 4, Share Withholding, Tax Obligations, Restricted Stock, Beneficial Ownership, SHO
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