Giglia Bryan Albert 4
Research Summary
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Sunstone (SHO) CEO Giglia Sells 3,382 Shares for Tax Withholding
What Happened Bryan Giglia, Chief Executive Officer of Sunstone Hotel Investors (SHO), had 3,382 shares of the company's common stock disposed to satisfy tax withholding related to a prior equity event. The shares were valued at $9.38 each (closing price used), for a total of $31,723. This was a withholding/sale to cover tax liability (transaction code F), a routine post‑grant or post‑exercise tax payment rather than an open‑market sale for discretionary cash.
Key Details
- Transaction date: 2026-03-07 (weekend; closing price from 2026-03-06 used)
- Price per share: $9.38 (footnote: closing price on March 6, 2026)
- Shares disposed/withheld: 3,382 shares
- Total value: $31,723 (3,382 × $9.38)
- Shares owned after transaction: not specified in the filing
- Footnotes: F1 notes the $9.38 closing price used because March 7 was a weekend; F2 notes share counts rounded to nearest whole share
- Filing timeliness: Report filed 2026-03-10 (within required Form 4 reporting window)
Context Transaction code F indicates shares were surrendered/withheld to cover tax obligations (common after option exercises or vesting). Such withholding sales are typically administrative and do not necessarily signal a change in the insider’s view of the company. The filing does not disclose the remaining beneficial ownership.