Reyes Aaron Robert 4

What Happened
Aaron Robert Reyes, Chief Financial Officer of Sunstone Hotel Investors, Inc. (SHO), had 50,881 shares issued to him upon the vesting of performance restricted stock units (Performance RSUs) on January 26, 2026 (reported as an Award, code A, at $0.00 per share). To satisfy tax withholding related to the vesting, 28,268 of those shares were surrendered (Disposition reported under code F) at an effective withholding price of $9.03 per share, representing $255,260 retained for taxes. The Form 4 was filed on January 28, 2026 (covering the Jan 26 transactions).

Key Details

• Transaction dates: January 26, 2026 (award vesting and tax withholding); Form 4 filed Jan 28, 2026.
• Award: 50,881 shares issued upon Performance RSU vesting (acquired at $0.00 per share).
• Tax withholding: 28,268 shares withheld at $9.03/share, value $255,260 (code F = tax withholding).
• Shares owned after transaction: Not specified in the filing.
• Footnote: The shares issued reflect Performance RSUs granted Feb 9, 2023 under Sunstone’s 2022 Incentive Award Plan and vested upon certification of performance by the Compensation Committee (see footnote F1).
• Timeliness: Filing appears timely (Form 4 filed two days after the Jan 26 transactions).

Context
This was a vesting of previously granted performance RSUs, not an open-market purchase or discretionary sale. The 28,268-share disposition was a routine tax-withholding transaction (commonly done by surrendering shares to cover tax obligations) and does not necessarily indicate a voluntary decision to sell shares on the market. For retail investors, awards/vestings show executive compensation realization but are distinct from purchases that might signal added insider confidence.