Sunstone Hotel president sells 89,631 SHO shares
Sunstone Hotel Investors, Inc. president and chief investment officer Robert C. Springer reported an open-market sale of 89,631 shares of common stock.
Rhea-AI Filing Summary
Sunstone Hotel Investors, Inc. president and chief investment officer Robert C. Springer reported an open-market sale of 89,631 shares of common stock. The weighted average sale price was $11.62 per share, with individual trades executed between $11.5309 and $11.77 per share. After these transactions, Springer directly holds 573,743 shares of Sunstone Hotel Investors common stock.
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Insights
Executive sells shares but retains a substantial remaining stake.
President and CIO Robert C. Springer executed an open-market sale of 89,631 shares of Sunstone Hotel Investors common stock at a weighted average price of $11.62 per share, with trade prices ranging from $11.5309 to $11.77.
Following the sale, Springer directly holds 573,743 shares. The filing does not show any derivative holdings, indicating no remaining options or similar instruments in this specific disclosure. The transaction reflects a reduction, but the sizeable continuing position suggests he maintains significant exposure to the company.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 89,631 | $11.62 | $1.04M |
Footnotes (1)
- F1. The price reported represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $11.5309 to $11.77. The reporting person hereby undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
Key Figures
Key Terms
open-market sale financial
weighted average sale price financial
Form 4 regulatory
non-derivative financial
FAQ
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What did Sunstone Hotel Investors (SHO) executive Robert C. Springer report on this Form 4?
Was the Sunstone Hotel Investors (SHO) insider transaction an open-market sale?
Does the Sunstone Hotel Investors (SHO) Form 4 show any derivative securities for Robert C. Springer?
AI-generated analysis. How Rhea-AI works. Not financial advice.