---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-012435"
form_type: "8-K"
ticker: "SHO"
cik: "0001295810"
company_name: "Sunstone Hotel Investors, Inc."
filed_at: "2021-09-13T23:59:59+00:00"
generated_at: "2026-06-29T04:06:02.733200+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sunstone Hotel Investors grants retention bonuses to three executives; hires Douglas Pasquale as Interim CEO

## Summary
- Retention program approved Sep 9, 2021 for CFO Bryan Giglia ($585k cash + $1.17M equity), Robert Springer ($497k + $994k), David Klein ($370k + $740k).
- Cash retention payable Feb 28, 2022; equity vests 50% on each of Feb 28, 2023 and Sep 30, 2024, subject to continued employment.
- Employment agreement with Douglas Pasquale as Interim CEO, base salary $825k, performance bonus target $1.85M (min $750k, max $3M).
- Pasquale receives signing equity award of $2.25M, vesting in full on Sep 2, 2022.
- Term ends on earlier of Sep 2, 2022 or date new permanent CEO appointed.

## SEC filing metadata
- accession: 0001558370-21-012435
- form_type: 8-K
- ticker: SHO
- cik: 0001295810
- company_name: Sunstone Hotel Investors, Inc.
- filed_at: 2021-09-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295810/000155837021012435/0001558370-21-012435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295810/000155837021012435/sho-20210909x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-012435
- JSON: https://secwatch.observer/filing/0001558370-21-012435.json
- Plain text: https://secwatch.observer/filing/0001558370-21-012435.txt

## Key facts
- Executive change
  Douglas Pasquale was appointed as Interim Chief Executive Officer at Sunstone Hotel Investors, Inc..
  - Action: appointed
  - Role: Interim Chief Executive Officer
  source text: on September 10, 2021, the Compensation Committee of the Board approved entering into an employment agreement (the “Employment Agreement”) with the Company’s Interim Chief Executive Officer, Douglas Pasquale (the “Executive”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1295810/000155837021012435/0001558370-21-012435-index.htm

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