Sunstone director receives 22,872-share equity award

Sunstone Hotel Investors director Blake W. Baird reported receiving equity awards of company common stock as compensation.

Rhea-AI Filing Summary

Sunstone Hotel Investors director Blake W. Baird reported receiving equity awards of company common stock as compensation. On May 1, 2026, he was granted a total of 22,872 shares of common stock in two separate awards, each recorded at $0.00 per share, reflecting non-cash grants.

One line item shows an acquisition of 10,638 shares, with holdings listed as 119,420 shares following that award. A second line item shows an acquisition of 12,234 shares, with holdings listed as 108,782 shares following that award. Footnotes describe one grant as vested shares and the other as restricted shares under the 2022 Incentive Award Plan, with the restricted shares vesting on the earlier of the first anniversary of grant or the next annual meeting of stockholders, subject to continued service.

Insider Trade Summary

Grant/Award: 22,872 shares

Grant/Award 2 txns

Insider BAIRD W BLAKE

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 — 119,420 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

Grant 1 shares: 10,638 shares Grant 2 shares: 12,234 shares Total shares granted: 22,872 shares +2 more

5 metrics

Grant 1 shares 10,638 shares Common stock award on May 1, 2026

Grant 2 shares 12,234 shares Second common stock award on May 1, 2026

Total shares granted 22,872 shares Combined equity awards reported in this Form 4

Holdings after Grant 1 119,420 shares Post-transaction holdings for one line item

Holdings after Grant 2 108,782 shares Post-transaction holdings for second line item

Key Terms

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

4 terms

2022 Incentive Award Plan financial

"pursuant to the 2022 Incentive Award Plan"

vested shares financial

"Represents grant of vested shares of common stock"

restricted shares financial

"Represents grant of restricted shares of common stock"

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

"the date of the next annual meeting of stockholders"

FAQ

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

What did Blake W. Baird report in this Sunstone (SHO) Form 4 filing?

Blake W. Baird reported receiving equity awards of Sunstone Hotel Investors common stock as compensation. He acquired 22,872 shares in two separate grants recorded at $0.00 per share, reflecting non-cash stock awards rather than open-market purchases.

How many Sunstone (SHO) shares were granted to Blake W. Baird?

Baird was granted a total of 22,872 Sunstone Hotel Investors common shares. The filing shows one grant of 10,638 shares and another of 12,234 shares, both classified as acquisitions under transaction code A, representing stock-based compensation awards.

What are the vesting terms for Blake W. Baird’s Sunstone (SHO) restricted shares?

One award consists of restricted shares that vest on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders, provided Baird continues serving through that date, according to the footnote describing the 2022 Incentive Award Plan grant.

Were Blake W. Baird’s Sunstone (SHO) stock awards cash purchases?

No, they were not cash purchases. Both grants are reported at a transaction price of $0.00 per share, indicating stock compensation awards under the company’s 2022 Incentive Award Plan rather than open-market buying of Sunstone Hotel Investors shares.

How many Sunstone (SHO) shares does Blake W. Baird hold after these grants?

The filing shows two post-transaction holdings figures. One line reports 119,420 shares following a 10,638-share award, while another line reports 108,782 shares following a 12,234-share award, both reflecting direct ownership of Sunstone Hotel Investors common stock.

What plan governed Blake W. Baird’s new Sunstone (SHO) stock awards?

The awards were made under Sunstone Hotel Investors’ 2022 Incentive Award Plan. Footnotes state that one grant represents vested common shares and the other represents restricted common shares granted pursuant to this equity incentive compensation program for service.

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

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Accepted by SEC EDGAR 05/05/2026 - 04:47 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^*

BAIRD W BLAKE

(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)	108,782	D
Common Stock	05/01/2026		A		10,638	A	(2)	119,420	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/ W. Blake Baird	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)