Sunstone (NYSE: SHO) CFO gets 50,881 shares and disposes 28,268

Rhea-AI Filing Summary

Sunstone Hotel Investors, Inc. chief financial officer Aaron R. Reyes reported equity compensation activity in company common stock. On January 26, 2026, he acquired 50,881 shares of common stock at $0 per share following the vesting of performance restricted stock units tied to certified performance targets.

Also on January 26, 2026, Reyes disposed of 28,268 shares of common stock at a price of $9.03 per share. After these transactions, he directly beneficially owned 123,179 shares of Sunstone Hotel Investors common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Reyes Aaron Robert

Role CHIEF FINANCIAL OFFICER

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	50,881	$0.00	--
Tax Withholding	Common Stock	28,268	$9.03	$255K

Holdings After Transaction: Common Stock — 151,447 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Reyes Aaron Robert

(Last) (First) (Middle)

15 ENTERPRISE

SUITE 200

(Street)

ALISO VIEJO CA 92656

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2026

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

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

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

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	01/26/2026		A		50,881(1)	A	$0	151,447	D
Common Stock	01/26/2026		F		28,268	D	$9.03	123,179	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 the shares of common stock issued upon the vesting of performance restricted stock units ("Performance RSUs") in connection with the achievement of certain performance criteria as certified by the Compensation Committee. Such Performance RSUs were granted to the Reporting Person on February 9, 2023 pursuant to the Sunstone Hotel Investors, Inc. and Sunstone Hotel Partnership, LLC 2022 Incentive Award Plan.

	/s/ Aaron R. Reyes	01/28/2026
	** 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.

FAQ

What insider transactions did SHO CFO Aaron R. Reyes report on January 26, 2026?

Aaron R. Reyes reported two transactions in Sunstone Hotel Investors common stock on January 26, 2026: receiving 50,881 shares at $0 per share from vesting performance RSUs and disposing of 28,268 shares at $9.03 per share, leaving him with 123,179 shares owned.

How many SHO shares does the CFO own after these Form 4 transactions?

After the reported transactions, Sunstone Hotel Investors CFO Aaron R. Reyes directly beneficially owns 123,179 shares of common stock. This figure reflects the 50,881-share award from vested performance RSUs and the 28,268-share disposition reported for January 26, 2026.

What was the size of the equity award reported by the SHO CFO?

The equity award reported by the SHO CFO consisted of 50,881 shares of Sunstone Hotel Investors common stock. These shares were issued upon vesting of performance restricted stock units granted on February 9, 2023 under the company’s 2022 Incentive Award Plan.

At what price were SHO shares disposed of in the CFO’s January 26, 2026 transaction?

In the January 26, 2026 transaction, 28,268 Sunstone Hotel Investors common shares were disposed of at a price of $9.03 per share. This disposition was reported with transaction code “F” on the insider’s Form 4 filing for non-derivative securities.

How were the 50,881 SHO shares acquired by the CFO characterized in the filing?

The 50,881 Sunstone Hotel Investors common shares were described as issued upon vesting of performance restricted stock units. The Compensation Committee certified achievement of certain performance criteria for Performance RSUs granted February 9, 2023 under the 2022 Incentive Award Plan.