Sunstone appoints new CEO, President/CIO, CFO; Pasquale shifts to Executive Chairman

Sunstone Hotel Investors, Inc.

Bryan Giglia, former CFO, appointed CEO effective March 7, 2022; salary raised to $600k with 135% target bonus.
Robert Springer becomes President and Chief Investment Officer; salary $550k, target bonus 135%, plus equity grants.
Aaron Reyes appointed CFO; salary $325k, target bonus 100%.
Douglas Pasquale becomes Executive Chairman through Aug 2022; receives $1.8M bonus and accelerated vesting for interim CEO stint.
One-time equity grants to Giglia and Springer: 62,668 time-vesting shares and 94,002 performance-vesting RSUs each.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Bryan Giglia

Chief Executive Officer

SHO · Sunstone Hotel Investors, Inc.

Effective: 2022-03-07
Filed: March 7, 2022, 6:59 PM ET

appointed Bryan Giglia, age 45, as Chief Executive Officer effective as of March 7, 2022.

Role change (interim)

Douglas Pasquale

Executive Chairman

SHO · Sunstone Hotel Investors, Inc.

Effective: 2022-03-07
Successor: Bryan Giglia
Filed: March 7, 2022, 6:59 PM ET

On March 4, 2022, the Company appointed Douglas Pasquale as Executive Chairman effective as of March 7, 2022 until September 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Bryan Giglia was appointed as Chief Executive Officer at Sunstone Hotel Investors, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed Bryan Giglia, age 45, as Chief Executive Officer effective as of March 7, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas Pasquale was appointed as Executive Chairman at Sunstone Hotel Investors, Inc..

Action: appointed
Role: Executive Chairman

Exact text from the filing

On March 4, 2022, the Company appointed Douglas Pasquale as Executive Chairman effective as of March 7, 2022 until September 1, 2022.

View on SEC.gov

Sunstone Hotel Investors, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-066926

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