Form 4: Sunstone Hotel Investors Executive Klein Disposes of Shares to Cover Tax Obligations

David M. Klein, General Counsel of Sunstone Hotel Investors, disposed of 9,009 shares of common stock to cover tax obligations related to previously granted restricted stock awards.

Summary

• On February 15, 2025, David M. Klein, General Counsel of Sunstone Hotel Investors, Inc., disposed of 9,009 shares of the company's common stock.
• The shares were withheld by Sunstone Hotel Investors to satisfy tax withholding obligations related to three previously granted restricted stock awards.
• The transaction occurred on February 15, 2025, but the closing price of $11.20 per share from February 14, 2025, was used because February 15, 2025, fell on a weekend.
• Following the transaction, Klein directly owns 204,754 shares of Sunstone Hotel Investors, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to tax obligations, indicating a neutral 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 outlook or strategy.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.

Key Dates

Keywords

Sunstone Hotel Investors, David M. Klein, Form 4, Beneficial Ownership, Tax Withholding, Restricted Stock, SHO, General Counsel