Reyes Aaron Robert 4

What Happened

Aaron R. Reyes, Chief Financial Officer of Sunstone Hotel Investors (SHO), had 12,114 shares of the company's common stock withheld to satisfy tax withholding obligations tied to restricted stock awards. The withholding used a $9.22 per-share price (closing price from Feb 13, 2026), for an effective value of $111,691. This was a routine tax-withholding disposition (transaction code F), not an open-market sale motivated by trading.

Key Details

• Transaction date: February 15, 2026
• Price used: $9.22 per share (closing price on Feb 13, 2026 — Feb 15 was a weekend)
• Shares withheld/disposed: 12,114; total value ≈ $111,691
• Reason/footnote: Withheld to satisfy tax withholding on three restricted stock awards granted to the reporting person (footnote F1)
• Shares owned after the transaction: Not disclosed in this filing
• Filing timeliness: Report filed Feb 18, 2026; this appears to be one business day late relative to the standard two-business-day Form 4 deadline

Context

Tax-withholding dispositions are common when restricted stock vests and do not necessarily indicate insider sentiment about the company's prospects. For retail investors, purchases or open-market purchases generally carry more informational weight than routine withholdings. This filing reflects a taxable-event settlement rather than a voluntary sale.