---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-014084"
form_type: "8-K"
ticker: "SHO"
cik: "0001295810"
company_name: "Sunstone Hotel Investors, Inc."
filed_at: "2022-08-31T23:59:59+00:00"
generated_at: "2026-06-23T18:26:26.929479+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Sunstone Hotel enters employment agreements with five top executives

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-22-014084
- form_type: 8-K
- ticker: SHO
- cik: 0001295810
- company_name: Sunstone Hotel Investors, Inc.
- filed_at: 2022-08-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1295810/000155837022014084/0001558370-22-014084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1295810/000155837022014084/sho-20220829x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-014084
- JSON: https://secwatch.observer/filing/0001558370-22-014084.json
- Plain text: https://secwatch.observer/filing/0001558370-22-014084.txt

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