Sunstone director granted 22,872 shares in stock awards

Leslie Kristina M reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Leslie Kristina M reported acquisition or exercise transactions in this Form 4 filing.

Sunstone Hotel Investors director Leslie Kristina M reported two stock awards of common shares as compensation. She received 10,638 vested shares and 12,234 restricted shares under the company’s 2022 Incentive Award Plan, rather than buying them on the market.

The restricted shares vest on the earlier of the first anniversary of the grant or the next annual stockholder meeting, contingent on her continued board service. Following these grants, her reported direct holdings in Sunstone common stock increased, reflecting routine equity-based director compensation rather than open-market trading.

Insider Trade Summary

Grant/Award: 22,872 shares

Grant/Award 2 txns

Insider Leslie Kristina M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	12,234	$0.00	$0.00
Grant/Award	Common Stock	10,638	$0.00	$0.00

Holdings After Transaction: Common Stock — 74,563 shares (Direct)

Footnotes (2)

1. F1. Represents grant of vested shares of common stock pursuant to the 2022 Incentive Award Plan.
2. F2. Represents grant of restricted shares of common stock pursuant to the 2022 Incentive Award Plan, which vest on the earlier of (i) first anniversary of grant, or (ii) the date of the next annual meeting of stockholders, subject to continued service through such dates.

Key Figures

Vested stock grant: 10,638 shares Restricted stock grant: 12,234 shares Holdings after vested grant: 74,563 shares +2 more

5 metrics

Vested stock grant 10,638 shares Common Stock award under 2022 Incentive Award Plan

Restricted stock grant 12,234 shares Common Stock award vesting by first anniversary or next annual meeting

Holdings after vested grant 74,563 shares Total common shares directly held after vested stock award

Holdings after restricted grant 63,925 shares Total common shares directly held after restricted stock award entry

Number of acquisition transactions 2 grants Both coded as A (grant, award, or other acquisition)

Key Terms

2022 Incentive Award Plan, vested shares, restricted shares, annual meeting of stockholders, +1 more

5 terms

2022 Incentive Award Plan financial

"Represents grant of vested shares of common stock pursuant to the 2022 Incentive Award Plan."

vested shares financial

"Represents grant of vested shares of common stock pursuant to the 2022 Incentive Award Plan."

restricted shares financial

"Represents grant of restricted shares of common stock pursuant to the 2022 Incentive Award Plan, which vest on the earlier of (i) first anniversary of grant, or (ii) the date of the next annual meeting of stockholders, subject to continued service."

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

annual meeting of stockholders financial

"…or (ii) the date of the next annual meeting of stockholders, subject to continued service through such dates."

continued service financial

"…subject to continued service through such dates."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Sunstone Hotel Investors (SHO) report for Leslie Kristina M?

Sunstone Hotel Investors reported that director Leslie Kristina M received two stock awards. She was granted 10,638 vested common shares and 12,234 restricted common shares as equity compensation under the 2022 Incentive Award Plan, rather than purchasing shares in the open market.

How many Sunstone (SHO) shares did the director receive in total?

In this filing, the director received a total of 22,872 common shares. This consists of 10,638 vested shares and 12,234 restricted shares granted as part of Sunstone’s 2022 Incentive Award Plan, increasing her equity stake through compensation, not cash purchases.

What is the difference between the vested and restricted Sunstone shares granted?

The 10,638 vested shares are immediately owned without vesting conditions. The 12,234 restricted shares are subject to vesting, becoming fully owned only when specified conditions are met, providing longer-term alignment between the director’s interests and Sunstone Hotel Investors’ shareholders.

When do the restricted Sunstone (SHO) shares granted to the director vest?

The restricted shares vest on the earlier of two dates: the first anniversary of the grant or the date of Sunstone Hotel Investors’ next annual meeting of stockholders. Vesting also requires that the director continue serving through the applicable vesting date.

Were the Sunstone (SHO) stock awards to the director issued under a specific plan?

Yes. Both the vested and restricted stock grants were issued under Sunstone Hotel Investors’ 2022 Incentive Award Plan. This plan provides equity-based compensation to directors and other participants, aligning their interests with shareholders through ownership of common stock.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/05/2026 - 04:47 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Leslie Kristina M

(Last) (First) (Middle)

15 ENTERPRISE

SUITE 200

(Street)

ALISO VIEJO CALIFORNIA 92656

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Sunstone Hotel Investors, Inc. [ SHO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/01/2026		A		12,234	A	(1)	63,925	D
Common Stock	05/01/2026		A		10,638	A	(2)	74,563	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents grant of vested shares of common stock pursuant to the 2022 Incentive Award Plan.

2. Represents grant of restricted shares of common stock pursuant to the 2022 Incentive Award Plan, which vest on the earlier of (i) first anniversary of grant, or (ii) the date of the next annual meeting of stockholders, subject to continued service through such dates.

	/s/ Kristina M. Leslie	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)