4//SEC Filing
Springer Robert C 4
Accession 0001209191-22-017171
CIK 0001295810other
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 5:17 PM ET
Size
8.3 KB
Accession
0001209191-22-017171
Insider Transaction Report
Form 4
Springer Robert C
SVP Acquisitions
Transactions
- Award
Common Stock
2022-03-07+62,668→ 540,524 total - Award
Restricted Stock Units
2022-03-07+94,002→ 94,002 totalFrom: 2022-03-07Exp: 2027-03-07→ Common Stock (94,002 underlying)
Footnotes (4)
- [F1]On March 7, 2022, Sunstone Hotel Investors, Inc. (the "Company") granted 62,668 restricted shares of common stock to the Reporting Person pursuant to its 2004 Long-Term Incentive Plan, as amended and restated November 1, 2019 ("LTIP"). Such shares are subject to the satisfaction of vesting requirements over a five-year period with 10% on each of the first four anniversaries and 60% on the fifth anniversary of the grant date.
- [F2]Number of securities rounded to the nearest whole share.
- [F3]Each performance-based restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock.
- [F4]Represents an award of RSU's under the Company's LTIP that was approved by the Compensation Committee. One-fifth of the RSU's will be considered earned when the Company achieves each of the following average closing stock price targets of $13.50, $15.00, $16.50, $18.00 and $19.50 over a consecutive 20-trading day period during the five-year performance period ("Price Per Share Goal"), subject to the Reporting Person's continued service. Each earned RSU will vest on the later of the third anniversary of the grant date and the date on which the Price Per Share Goal is achieved.
Documents
Issuer
Sunstone Hotel Investors, Inc.
CIK 0001295810
Entity typeother
Related Parties
1- filerCIK 0001541084
Filing Metadata
- Form type
- 4
- Filed
- Mar 7, 7:00 PM ET
- Accepted
- Mar 8, 5:17 PM ET
- Size
- 8.3 KB