Sunstone Hotel (NYSE: SHO) director granted vested and restricted shares

Rhea-AI Filing Summary

BATINOVICH ANDREW reported acquisition or exercise transactions in this Form 4 filing.

Sunstone Hotel Investors director Andrew Batinovich received two stock awards in common stock as compensation. He was granted 9,574 fully vested shares and 12,234 restricted shares at $0.00 per share under the 2022 Incentive Award Plan. The restricted shares vest on the earlier of the first anniversary of grant or the next annual stockholders’ meeting, subject to continued service. Following these awards, he directly holds 152,330 shares.

Insights

Equity compensation analyst

Routine director equity grants increase alignment but are not a trading signal.

Director Andrew Batinovich received two stock awards in Sunstone Hotel Investors, Inc. common stock, totaling 21,808 shares, with a reported cost of $0.00 per share as compensation. These are coded as grants (A), not open‑market purchases.

The filing notes one grant of vested shares and another of restricted shares under the 2022 Incentive Award Plan. The restricted shares vest on the earlier of the first anniversary of grant or the next annual stockholders’ meeting, conditioned on continued service. This structure is typical for board compensation and is generally neutral from a signaling perspective.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider BATINOVICH ANDREW

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	12,234	$0.00	--
Grant/Award	Common Stock	9,574	$0.00	--

Holdings After Transaction: Common Stock — 152,330 shares (Direct, null)

Footnotes (1)

1. Represents grant of vested shares of common stock pursuant to the 2022 Incentive Award Plan. 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

Vested stock grant: 9,574 shares Restricted stock grant: 12,234 shares Award price: $0.00 per share +1 more

4 metrics

Vested stock grant 9,574 shares Vested common stock award on May 1, 2026

Restricted stock grant 12,234 shares Restricted common stock award on May 1, 2026

Award price $0.00 per share Reported transaction price for both grants

Shares held after awards 152,330 shares Total common shares directly owned after transactions

Key Terms

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

3 terms

2022 Incentive Award Plan financial

"Represents grant of vested shares of common stock pursuant to the 2022 Incentive Award Plan."

restricted shares financial

"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"

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

"which vest on the earlier of (i) first anniversary of grant, or (ii) the date of the next annual meeting of stockholders"

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^*

BATINOVICH ANDREW

(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)	152,330	D
Common Stock	05/01/2026		A		9,574	A	(2)	161,904	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/ Andrew Batinovich	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)

FAQ

What did Andrew Batinovich acquire in the latest SHO Form 4 filing?

Director Andrew Batinovich received two stock awards in Sunstone Hotel Investors common stock, totaling 21,808 shares, as equity compensation. One grant is fully vested, while the other consists of restricted shares under the 2022 Incentive Award Plan tied to future service.

Were Andrew Batinovich’s SHO stock awards open-market purchases?

No, the Form 4 shows awards coded as “A” for grant or award, not open‑market purchases. The shares were granted at a reported price of $0.00 per share under the 2022 Incentive Award Plan as part of his director compensation package.

How many SHO shares does Andrew Batinovich hold after these grants?

After the reported transactions, the Form 4 shows Andrew Batinovich directly holding 152,330 shares of Sunstone Hotel Investors common stock. This total reflects his position following the May 1, 2026 equity awards disclosed in the filing.

How do the restricted SHO shares granted to Batinovich vest?

The restricted Sunstone Hotel Investors shares vest on the earlier of the first anniversary of the grant date or the next annual stockholders’ meeting. Vesting is conditioned on Andrew Batinovich’s continued service with the company through the applicable vesting date.

What plan governs Andrew Batinovich’s recent SHO stock awards?

Both stock awards to Andrew Batinovich were granted under Sunstone Hotel Investors’ 2022 Incentive Award Plan. This plan governs the issuance of vested and restricted common stock as part of director and employee equity compensation programs designed to align interests with shareholders.