Klein David M 4
4 · Sunstone Hotel Investors, Inc. · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Sunstone (SHO) GC David Klein Receives Award
What Happened
David M. Klein, General Counsel of Sunstone Hotel Investors, had 48,337 performance-based restricted stock units (Performance RSUs) vest on January 26, 2026. The award shares were issued at $0.00 (vesting), and 26,935 of those shares were surrendered/withheld to cover tax withholding at an effective value of $9.03 per share, totaling $243,223.
Key Details
- Transaction date: 2026-01-26 (reported on Form 4 filed 2026-01-28). Filing appears timely.
- Award/acquisition: 48,337 shares issued upon vesting (code A). Report shows acquisition price $0.00.
- Tax withholding/disposition: 26,935 shares withheld/Disposed (code F) at $9.03 per share = $243,223.
- Footnote: These shares were issued upon vesting of Performance RSUs granted Feb 9, 2023 under the company’s 2022 Incentive Award Plan, following Certification of performance by the Compensation Committee.
- Shares owned after the transaction: not specified in the provided filing.
Context
This filing reflects a vesting of performance-based equity (an award), not an open-market purchase or directional sale by the insider. The partial disposition was a tax-withholding event common when restricted stock/RSUs vest; it does not necessarily indicate the insider's market sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-01-26+48,337→ 253,091 total - Tax Payment
Common Stock
2026-01-26$9.03/sh−26,935$243,223→ 226,156 total
Footnotes (1)
- [F1]Represents the shares of common stock issued upon the vesting of performance restricted stock units ("Performance RSUs") in connection with the achievement of certain performance criteria as certified by the Compensation Committee. Such Performance RSUs were granted to the Reporting Person on February 9, 2023 pursuant to the Sunstone Hotel Investors, Inc. and Sunstone Hotel Partnership, LLC 2022 Incentive Award Plan.