---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-056544"
form_type: "8-K"
ticker: "SHO"
cik: "0001295810"
company_name: "Sunstone Hotel Investors, Inc."
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T17:12:25.487845+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Sunstone Hotel Investors establishes $300M ATM equity offering program and amends credit agreement for forward sales

## Summary
- Entered equity distribution agreement to sell up to $300M of common stock via at-the-market offerings.
- Prior ATM program from February 2017 terminated; new program dated March 1, 2023.
- Amended credit agreement to carve out forward sale transactions from derivatives restrictions.
- Proceeds from forward settlements will be contributed to operating partnership; commissions up to 2%.
- Forward sellers may borrow and sell shares; company may settle physically, in cash, or net shares.

## SEC filing metadata
- accession: 0001193125-23-056544
- form_type: 8-K
- ticker: SHO
- cik: 0001295810
- company_name: Sunstone Hotel Investors, Inc.
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295810/000119312523056544/0001193125-23-056544-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295810/000119312523056544/d450698d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-056544
- JSON: https://secwatch.observer/filing/0001193125-23-056544.json
- Plain text: https://secwatch.observer/filing/0001193125-23-056544.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.