Form 4: Sunstone Hotel Investors Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Robert C. Springer, President and CIO of Sunstone Hotel Investors, Inc., disposed of 23,761 shares of common stock on September 30, 2024, to cover tax obligations.
Summary
- Robert C. Springer, the President and CIO of Sunstone Hotel Investors, Inc., reported a transaction involving the disposal of company stock.
- On September 30, 2024, Springer disposed of 23,761 shares of common stock at a price of $10.32 per share.
- This transaction was executed to cover tax obligations.
- Following the transaction, Springer still beneficially owns 513,908 shares of Sunstone Hotel Investors, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction by an executive to cover tax obligations. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track significant ownership changes.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of stock disposal transaction |
| 10/02/2024 | Date of signature on the Form 4 filing |
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