Form 4: Sunstone Hotel Investors Executive Springer Sells Shares to Cover Tax Obligations

Robert C. Springer, President and CIO of Sunstone Hotel Investors, sold 19,820 shares of common stock to cover tax obligations related to previously granted restricted stock awards.

Summary

• On February 15, 2025, Robert C. Springer, President and CIO of Sunstone Hotel Investors, Inc., disposed of 19,820 shares of common stock.
• The shares were withheld by the company to satisfy tax withholding obligations related to restricted stock awards previously granted to Springer.
• The transaction occurred on February 15, 2025, with a price of $11.20 per share, based on the closing price on February 14, 2025, as February 15th fell on a weekend.
• Following the transaction, Springer beneficially owns 590,078 shares of Sunstone Hotel Investors, Inc.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (selling shares to cover taxes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

This is a routine Form 4 filing related to insider transactions. It is common for executives to sell shares to cover tax obligations related to stock awards.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

Sunstone Hotel Investors, Robert C. Springer, Form 4, Insider Trading, Tax Withholding, Stock Sale, SHO