Sunstone (SHO) President and CIO reports tax-withholding of 3,382 shares
Rhea-AI Filing Summary
Sunstone Hotel Investors, Inc. President and CIO Robert C. Springer reported a tax-related share disposition under a Form 4. On March 7, 2026, 3,382 shares of common stock were disposed of as a tax-withholding transaction, not an open-market sale, at an effective reference price of $9.38 per share tied to the March 6, 2026 New York Stock Exchange closing price. After this routine withholding event, Springer directly holds 663,374 shares of Sunstone common stock.
Positive
- None.
Negative
- None.
Insights
Routine tax withholding; small relative to ongoing direct holdings.
The Form 4 shows Robert C. Springer, President and CIO of Sunstone Hotel Investors, disposing of 3,382 common shares coded "F". This code indicates shares were withheld to satisfy tax obligations associated with equity compensation, rather than sold in the open market.
The reference price of $9.38 per share reflects the March 6, 2026 NYSE close, as the stated transaction date fell on a weekend. Following this withholding, Springer still directly owns 663,374 shares, suggesting the transaction represents only a small portion of his total reported holdings.
Because this is a mechanistic tax-withholding event rather than a discretionary market trade, it typically carries limited informational value about management’s view of the stock. The filing also shows no remaining derivative positions in the derivativeSummary, so this entry primarily updates Springer's direct share count.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,382 | $9.38 | $32K |
Footnotes (1)
- F1. The closing price on March 6, 2026 (as March 7, 2026 fell on a weekend) of the Company's common stock on the New York Stock Exchange was $9.38 per share.
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