BARNELLO MICHAEL D 4

What Happened
Michael D. Barnello, a director of Sunstone Hotel Investors, Inc. (SHO), was granted a total of 20,745 shares on May 1, 2026 via two awards: 12,234 vested shares and 8,511 restricted shares. These were reported as acquisitions (award/grant — transaction code A); no per-share price or cash value is provided (N/A).

Key Details

• Transaction date: 2026-05-01 (reported on Form 4 filed 2026-05-05). Filing appears timely under Form 4 rules.
• Grants: 12,234 vested shares (F1) and 8,511 restricted shares (F2); total = 20,745 shares.
• Price/Value: Per-share price reported as N/A for both grants (typical for awards).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnotes: F1 = vested shares granted under the 2022 Incentive Award Plan. F2 = restricted shares under the same plan that vest on the earlier of the first anniversary of grant or the next annual meeting, subject to continued service.
• Transaction code: A = award/grant (not an open-market purchase or sale).

Context
These awards are director compensation: the 12,234 shares were vested immediately, while the 8,511 restricted shares will vest later per the stated conditions. Awards are acquisitions but do not necessarily signal immediate bullish trading by the insider; they reflect compensation and retention practices.