Sunstone Hotel eliminates COO role; Ostapovicz departs Jan 21, 2025

Sunstone Hotel Investors, Inc.

COO Chris Ostapovicz departs as position eliminated; responsibilities shift to President/CIO and other executives.
Separation Agreement provides cash payment of 2x base salary plus 2024 target bonus.
Accelerated vesting of 132,270 shares of common stock (restricted stock and PSUs).
COBRA health coverage for Ostapovicz, spouse, and dependents up to 18 months.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Chris Ostapovicz

Chief Operating Officer

SHO · Sunstone Hotel Investors, Inc.

Effective: 2025-01-21
Filed: January 22, 2025, 6:59 PM ET

Chris Ostapovicz will depart from his position as Chief Operating Officer of the Company, effective January 21, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Chris Ostapovicz departed as Chief Operating Officer at Sunstone Hotel Investors, Inc..

Action: depart
Role: Chief Operating Officer

Exact text from the filing

Chris Ostapovicz will depart from his position as Chief Operating Officer of the Company, effective January 21, 2025.

View on SEC.gov

Sunstone Hotel Investors, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-25-000301

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.