Sunstone (NYSE: SHO) President has 22,944 shares withheld to cover tax obligations
Rhea-AI Filing Summary
Sunstone Hotel Investors, Inc. reported that President and CIO Robert C. Springer had 22,944 shares of common stock withheld by the company on February 15, 2026 to cover tax obligations related to three previously granted restricted stock awards. The withholding price was $9.22 per share, based on the February 13, 2026 New York Stock Exchange closing price. After this tax-withholding disposition, Springer directly owned 666,756 shares of Sunstone Hotel Investors common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 22,944 shares
Net Sell
1 txn
Insider
Springer Robert C
Role
PRESIDENT AND CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 22,944 | $9.22 | $212K |
Holdings After Transaction:
Common Stock — 666,756 shares (Direct)
Footnotes (1)
- F1. On February 15, 2026, Sunstone Hotel Investors, Inc. (the "Company") withheld 22,944 shares of the Company's common stock to satisfy tax withholding obligations underlying three awards of restricted stock previously granted to the Reporting Person. The closing price on February 13, 2026 (as February 15, 2026 fell on a weekend) of the Company's common stock on the New York Stock Exchange was $9.22 per share.
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FAQ
What did Sunstone Hotel Investors (SHO) disclose in this Form 4?
Sunstone Hotel Investors disclosed a tax-related share withholding for its President and CIO. The company withheld 22,944 common shares to satisfy tax obligations from three restricted stock awards granted to Robert C. Springer.
Was the SHO Form 4 transaction an open-market sale by the insider?
The transaction was not an open-market sale. Sunstone Hotel Investors withheld 22,944 shares from restricted stock awards to satisfy tax withholding obligations, a tax-withholding disposition rather than a discretionary purchase or sale on the open market.