Sunstone Hotel Investors, Inc. Schedules 2024 Annual Meeting of Stockholders

Ticker: SHO-PI · Form: DEF 14A · Filed: Mar 20, 2024 · CIK: 1295810

Sunstone Hotel Investors, Inc. DEF 14A Filing Summary
FieldDetail
CompanySunstone Hotel Investors, Inc. (SHO-PI)
Form TypeDEF 14A
Filed DateMar 20, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$0.01, $370 Million, $110 Million, $120 Million, $120 million
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, Executive Compensation, Annual Meeting, Sunstone Hotel Investors

TL;DR

<b>Sunstone Hotel Investors, Inc. has filed its Definitive Proxy Statement for the 2024 annual meeting, detailing executive compensation and seeking stockholder approvals.</b>

AI Summary

Sunstone Hotel Investors, Inc. (SHO-PI) filed a Proxy Statement (DEF 14A) with the SEC on March 20, 2024. Sunstone Hotel Investors, Inc. filed a Definitive Proxy Statement (DEF 14A) on March 20, 2024. The filing covers the period ending May 3, 2024. The company's principal executive offices are located at 15 Enterprise Street, Suite 200, Aliso Viejo, CA 92656. The filing includes information related to executive compensation for the fiscal years 2021, 2022, and 2023. The company is seeking stockholder approval for matters related to the annual meeting.

Why It Matters

For investors and stakeholders tracking Sunstone Hotel Investors, Inc., this filing contains several important signals. This DEF 14A filing is crucial for shareholders to understand executive compensation structures and make informed voting decisions on proposals presented at the annual meeting. The document provides transparency into the company's governance practices and financial performance metrics used in compensation, which can influence investor confidence and stock valuation.

Risk Assessment

Risk Level: low — Sunstone Hotel Investors, Inc. shows low risk based on this filing. The filing is a routine proxy statement, providing standard disclosures without immediate material financial events or significant changes in risk profile.

Analyst Insight

Review the executive compensation details and voting proposals in the DEF 14A to make informed decisions for the upcoming annual meeting.

Executive Compensation

NameTitleTotal Compensation
Bryan A. GigliaMember
Douglas M. PasqualeMember
John V. ArabiaMember

Key Numbers

  • 2024 — Annual Meeting Year (2024 annual meeting of stockholders)
  • 2023-12-31 — Fiscal Year End (Fiscal year end 1231)
  • 2024-03-20 — Filing Date (Filed as of date: 20240320)
  • 2024-05-03 — Reporting Period End (Conformed period of report: 20240503)

Key Players & Entities

  • Sunstone Hotel Investors, Inc. (company) — Registrant name
  • Bryan A. Giglia (person) — Member of the Board
  • Douglas M. Pasquale (person) — Member of the Board
  • John V. Arabia (person) — Member of the Board
  • Aliso Viejo, CA (location) — Business address city and state
  • 15 Enterprise Street, Suite 200 (location) — Business address

FAQ

When did Sunstone Hotel Investors, Inc. file this DEF 14A?

Sunstone Hotel Investors, Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 20, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Sunstone Hotel Investors, Inc. (SHO-PI).

Where can I read the original DEF 14A filing from Sunstone Hotel Investors, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Sunstone Hotel Investors, Inc..

What are the key takeaways from Sunstone Hotel Investors, Inc.'s DEF 14A?

Sunstone Hotel Investors, Inc. filed this DEF 14A on March 20, 2024. Key takeaways: Sunstone Hotel Investors, Inc. filed a Definitive Proxy Statement (DEF 14A) on March 20, 2024.. The filing covers the period ending May 3, 2024.. The company's principal executive offices are located at 15 Enterprise Street, Suite 200, Aliso Viejo, CA 92656..

Is Sunstone Hotel Investors, Inc. a risky investment based on this filing?

Based on this DEF 14A, Sunstone Hotel Investors, Inc. presents a relatively low-risk profile. The filing is a routine proxy statement, providing standard disclosures without immediate material financial events or significant changes in risk profile.

What should investors do after reading Sunstone Hotel Investors, Inc.'s DEF 14A?

Review the executive compensation details and voting proposals in the DEF 14A to make informed decisions for the upcoming annual meeting. The overall sentiment from this filing is neutral.

How does Sunstone Hotel Investors, Inc. compare to its industry peers?

Sunstone Hotel Investors, Inc. operates in the hotel and motel industry, a sector sensitive to economic conditions, travel trends, and consumer spending.

Are there regulatory concerns for Sunstone Hotel Investors, Inc.?

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

Industry Context

Sunstone Hotel Investors, Inc. operates in the hotel and motel industry, a sector sensitive to economic conditions, travel trends, and consumer spending.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

  1. Review the proxy statement for details on director nominees and their qualifications.
  2. Examine the executive compensation disclosures, including pay-for-performance metrics.
  3. Understand the proposals being voted on at the annual meeting and cast your vote accordingly.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure for annual meetings and does not represent a change from previous reporting cycles in terms of filing type.

Filing Stats: 4,451 words · 18 min read · ~15 pages · Grade level 15.8 · Accepted 2024-03-20 16:15:43

Key Financial Figures

  • $0.01 — res of Sunstone common stock, par value $0.01 per share, at the close of business on
  • $370 Million — folio Investment Capital Return $370 Million $110 Million $120 Million Sold th
  • $110 Million — ent Capital Return $370 Million $110 Million $120 Million Sold the Boston Park P
  • $120 Million — Return $370 Million $110 Million $120 Million Sold the Boston Park Plaza at an attr
  • $120 million — ourth quarter of 2024. Returned nearly $120 million of capital to our common stockholders t
  • $56 million — distribute taxable income. Repurchased $56 million of stock at a substantial discount to c
  • $370 million — rs. We sold the Boston Park Plaza for $370 million. The Company acquired the hotel in 2013
  • $210 million — tel adjusted EBITDA re of approximately $210 million. Based on the timing of the prior renov
  • $110 million — OXY SUMMARY We invested approximately $110 million in capital improvements to further enha

Filing Documents

Security Ownership by Directors, Named Executive Officers, and Five Percent Stockholders

Security Ownership by Directors, Named Executive Officers, and Five Percent Stockholders 38 Compensation Discussion and Analysis 40 Executive Summary 40 Compensation Composition 41 2023 Compensation Decisions 41 Compensation Committee Report to Stockholders 51

Executive Compensation

Executive Compensation 52 Summary Compensation Table 52 2023 Grants of Plan-Based Awards 54 2023 Grants of Plan-Based Awards Table 54 Table of Contents TABLE OF CONTENTS (continued) Employment Agreements 56 Employment Agreements (Giglia, Springer, Reyes, Ostapovicz, and Klein) 56 Outstanding Equity Awards at 2023 Fiscal Year End 57 Outstanding Equity Awards at 2023 Fiscal Year End Table 57 2023 Option Exercises and Stock Vested 59 2023 Option Exercises and Stock Vested Table 59 Potential Payments Upon Termination or Change in Control 60 Employment Agreements (Giglia, Springer, Reyes, Ostapovicz, and Klein) 60 Equity Award Agreements (Giglia, Springer, Reyes, Ostapovicz, and Klein) 60 Potential Payments 62 Pay Ratio Disclosure 65 Determining the Median Employee 65 Compensation Measure and Annual Total Compensation of Median Employee 65 Annual Total Compensation of CEO 65 Pay Versus Performance Disclosure 66 Pay Versus Performance Table 66 Tabular List of Most Important Performance Measures 67 Description of Relationship Between Pay and Performance 68 Director Compensation 69 Board Member Cash and Equity-Based Compensation (2023) 69 2023 Independent Director Compensation 69 Independent Review of Director Compensation 70 Certain Relationships and Related Party Transactions 71 Our Independent Registered Public Accounting Firm 72 Appointment of Ernst & Young LLP 72 Fee Information 72 Audit Committee Pre-Approval Policies and Procedures 72 Report of the Audit Committee of the Board of Directors 73 Miscellaneous 75 Stockholder Proposals for the 2025 Annual Meeting 75 Householding of Proxy Materials 75 Other Matters to Come Before the Annual Meeting 75 Compensation Committee Interlocks and Insider Participation 76 Other Information 76 IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE STOCKHOLDER MEETING TO BE HELD ON MAY 3, 2

View Full Filing

View this DEF 14A filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.