Sunstone Hotel enters employment agreements with five top executives

Sunstone Hotel Investors, Inc.

Employment agreements for CEO Giglia, President Springer, EVP Klein, EVP Ostapovicz, and CFO Reyes.
Annual base salaries: Giglia $600k, Springer $550k, Klein $425k, Ostapovicz $400k, Reyes $325k.
Target bonuses: 135% of base for Giglia/Springer, 100% for Klein/Ostapovicz/Reyes; max 202.5% and 150%.
Severance: without cause or for good reason, two times (base + target bonus), plus equity acceleration.
Non-solicitation and non-disparagement covenants included; at-will employment.

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