Form 4: Sunstone Hotel Investors Executive Klein Reports Stock Disposal
SEC Form 4 Filing
David M. Klein, General Counsel of Sunstone Hotel Investors, reports disposing of 17,699 shares of common stock to cover tax obligations.
Summary
- On September 30, 2024, David M. Klein, General Counsel of Sunstone Hotel Investors, Inc. disposed of 17,699 shares of common stock.
- The transaction was a disposal (code F) at a price of $10.32 per share.
- Following the transaction, Klein directly owns 162,026 shares of Sunstone Hotel Investors, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no significant impact on the company's outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where shares are disposed of to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: disposal of common stock |
| 10/02/2024 | Date of signature on the Form 4 filing |
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