Giglia Bryan Albert 4
Research Summary
AI-generated summary
Sunstone (SHO) CEO Bryan Giglia Receives Award; Shares Withheld
What Happened
- Bryan Giglia, CEO of Sunstone Hotel Investors (SHO), had 141,513 shares issued upon the vesting of performance restricted stock units (Performance RSUs) on Jan 26, 2026 (reported as an award, Code A, $0.00 acquisition price).
- To cover tax withholding, 77,017 of those shares were surrendered (reported as Code F) at a per-share value of $9.03, equal to approximately $695,464 withheld. This was not an open-market sale but a routine tax-withholding transaction following RSU vesting.
Key Details
- Transaction dates: Jan 26, 2026 (effective date of vesting and withholding); Form 4 filed Jan 28, 2026 (within the typical two-business-day filing window).
- Award: 141,513 shares issued (Performance RSUs vesting; acquisition price $0.00).
- Withholding: 77,017 shares withheld at $9.03 per share (≈ $695,464) to satisfy tax obligations (Code F).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 — shares issued upon vesting of Performance RSUs granted Feb 9, 2023 under the 2022 Incentive Award Plan; F2 — share counts rounded to the nearest whole share.
- Filing timeliness: Filed Jan 28 for a Jan 26 transaction (appears timely).
Context
- These entries reflect the vesting of performance-based RSUs and a tax-withholding (a common, administrative disposition), not an open-market sale or purchase. Such withholding is routine and should not be read as a directional buy/sell signal.