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