Sunstone Hotel director granted stock awards

Digilio Monica S reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Digilio Monica S reported acquisition or exercise transactions in this Form 4 filing.

Sunstone Hotel Investors, Inc. director Monica S. Digilio reported receiving equity awards of common stock as part of her compensation. On May 1, 2026, she was granted 10,638 vested shares of Common Stock pursuant to the company’s 2022 Incentive Award Plan. A separate award of 12,234 restricted shares of Common Stock was also granted under the same plan, scheduled to vest on the earlier of the first anniversary of the grant or the next annual meeting of stockholders, subject to her continued service. Following one of the grants, her direct holdings were reported as 87,033 shares of Common Stock, and following the other grant, 76,395 shares, reflecting routine compensation-related equity awards rather than open-market purchases or sales.

Insider Trade Summary

Grant/Award: 22,872 shares

Grant/Award 2 txns

Insider Digilio Monica S

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 — 87,033 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 share grant: 10,638 shares Restricted share grant: 12,234 shares Price per share for grants: $0.00 per share +2 more

5 metrics

Vested share grant 10,638 shares Common Stock grant on May 1, 2026 under 2022 Incentive Award Plan

Restricted share grant 12,234 shares Common Stock grant on May 1, 2026 with time-based vesting

Price per share for grants $0.00 per share Reported grant price for both Common Stock awards

Direct holdings after one grant 87,033 shares Total shares following one Common Stock award

Direct holdings after other grant 76,395 shares Total shares following the second Common Stock award

Key Terms

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

4 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 through such dates."

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

"…vest on the earlier of (i) first anniversary of grant, or (ii) the date of the next annual meeting of stockholders…"

FAQ

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

What insider transaction did SHO director Monica S. Digilio report?

Monica S. Digilio reported receiving equity awards of Sunstone Hotel Investors common stock. She was granted 10,638 vested shares and 12,234 restricted shares as compensation under the 2022 Incentive Award Plan, rather than buying or selling shares in the open market.

How many Sunstone Hotel Investors (SHO) shares were granted to the director?

The director received two stock grants totaling 10,638 vested shares and 12,234 restricted shares of common stock. These awards were issued at no cash cost under the company’s 2022 Incentive Award Plan as part of her director compensation package.

What are the vesting terms of the restricted SHO shares granted to the director?

The 12,234 restricted shares vest on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders. Vesting is conditioned on Monica S. Digilio’s continued service with Sunstone Hotel Investors through the applicable vesting date.

Were the SHO stock grants to the director open-market purchases or sales?

No, the reported transactions were not open-market trades. They were stock grants under Sunstone Hotel Investors’ 2022 Incentive Award Plan, issued at a reported price of $0.00 per share as compensation, rather than discretionary buying or selling in the market.

How many SHO shares does the director hold after the reported grants?

After the reported grants, the filing shows direct ownership figures of 87,033 shares following one award and 76,395 shares following the other. These numbers reflect reported holdings at different points tied to each grant transaction in the Form 4.

What plan governs the SHO stock awards to Monica S. Digilio?

Both stock awards were granted under Sunstone Hotel Investors’ 2022 Incentive Award Plan. One consists of vested shares, while the other consists of restricted shares that vest based on time and continued service, aligning director compensation with shareholder interests.

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

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Accepted by SEC EDGAR 05/05/2026 - 04:48 PM EDT 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^*

Digilio Monica S

(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)	76,395	D
Common Stock	05/01/2026		A		10,638	A	(2)	87,033	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/ Monica S. Digilio	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)