0001209191-22-017171.txt : 20220308
0001209191-22-017171.hdr.sgml : 20220308
20220308171752
ACCESSION NUMBER: 0001209191-22-017171
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220307
FILED AS OF DATE: 20220308
DATE AS OF CHANGE: 20220308
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Springer Robert C
CENTRAL INDEX KEY: 0001541084
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32319
FILM NUMBER: 22722785
MAIL ADDRESS:
STREET 1: 200 SPECTRUM CENTER DRIVE
STREET 2: SUITE 2100
CITY: IRVINE
STATE: CA
ZIP: 92618
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Sunstone Hotel Investors, Inc.
CENTRAL INDEX KEY: 0001295810
STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011]
IRS NUMBER: 201296886
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 200 SPECTRUM CENTER DRIVE
STREET 2: 21ST FLOOR
CITY: IRVINE
STATE: CA
ZIP: 92618
BUSINESS PHONE: (949) 330-4000
MAIL ADDRESS:
STREET 1: 200 SPECTRUM CENTER DRIVE
STREET 2: 21ST FLOOR
CITY: IRVINE
STATE: CA
ZIP: 92618
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2022-03-07
0
0001295810
Sunstone Hotel Investors, Inc.
SHO
0001541084
Springer Robert C
200 SPECTRUM CENTER DRIVE
21ST FLOOR
IRVINE
CA
92618
0
1
0
0
President and CIO
Common Stock
2022-03-07
4
A
0
62668
A
540524
D
Restricted Stock Units
2022-03-07
4
A
0
94002
0.00
A
2022-03-07
2027-03-07
Common Stock
94002
94002
D
On March 7, 2022, Sunstone Hotel Investors, Inc. (the "Company") granted 62,668 restricted shares of common stock to the Reporting Person pursuant to its 2004 Long-Term Incentive Plan, as amended and restated November 1, 2019 ("LTIP"). Such shares are subject to the satisfaction of vesting requirements over a five-year period with 10% on each of the first four anniversaries and 60% on the fifth anniversary of the grant date.
Number of securities rounded to the nearest whole share.
Each performance-based restricted stock unit ("RSU") represents a contingent right to receive one share of the Company's common stock.
Represents an award of RSU's under the Company's LTIP that was approved by the Compensation Committee. One-fifth of the RSU's will be considered earned when the Company achieves each of the following average closing stock price targets of $13.50, $15.00, $16.50, $18.00 and $19.50 over a consecutive 20-trading day period during the five-year performance period ("Price Per Share Goal"), subject to the Reporting Person's continued service. Each earned RSU will vest on the later of the third anniversary of the grant date and the date on which the Price Per Share Goal is achieved.
/s/ Robert C. Springer
2022-03-08