Sunstone Hotel approves 2022 exec salaries, new bonus plan and equity grant changes

Sunstone Hotel Investors, Inc.

2022 base salaries: Pasquale $825k, Giglia $550k, Springer $500k, Klein $425k, Ostapovicz $400k.
Bonus plan weights: Individual 25%, AFFO/Sh 15%, Capital Recycling 30%, Capital Markets 15%, Capital Investment 15%.
Equity grants include annual & transition performance-vesting RSUs tied to relative TSR; e.g., Giglia: 84,143 annual target RSUs.
Transition from time-vesting to performance-vesting equity practice; one-time transition awards granted.
Time-based restricted stock also awarded with 3-year or 2-year graded vesting (e.g., Giglia: 28,048 annual shares).

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