PASQUALE DOUGLAS M 4

What Happened Douglas Pasquale, a director of Sunstone Hotel Investors, Inc. (SHO), received two equity awards on 2026-05-01: 18,617 vested shares of common stock and 14,894 restricted shares of common stock. The awards were granted under the company's 2022 Incentive Award Plan; no purchase price is reported (awards reported as N/A). The vested portion represents immediate ownership; the restricted shares are subject to future vesting.

Key Details

• Transaction date: 2026-05-01 (both awards)
• Filing date: 2026-05-05 (Form 4 filed four days after the transaction; appears to be late vs. the usual 2-business-day Form 4 deadline)
• Transaction code: A (award/grant)
• Shares granted: 18,617 vested shares (F1); 14,894 restricted shares (F2)
• Price: N/A (grants/awards, no cash purchase)
• Shares owned after transaction: Not disclosed in the provided filing excerpt
• Footnotes: F1 — vested shares granted under the 2022 Incentive Award Plan. F2 — restricted shares granted under the 2022 Incentive Award Plan; vest on the earlier of (i) the first anniversary of the grant or (ii) the date of the next annual meeting of stockholders, subject to continued service.

Context Equity awards to directors are commonly part of compensation and do not necessarily signal the director buying or selling shares for investment reasons. The 18,617 vested shares are immediately owned by Pasquale; the 14,894 restricted shares will convert to ownership only if/when they vest per the schedule in F2. The late filing may be an administrative oversight but is relevant because timely Form 4s are required to ensure transparent insider reporting.