secwatch.observer — SEC 8-K summary
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Issuer:     Sunstone Hotel Investors, Inc. (SHO)
CIK:        0001295810
Form:       8-K
Filed at:   2025-01-22T23:59:59+00:00
Accession:  0001558370-25-000301
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1295810/000155837025000301/0001558370-25-000301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1295810/000155837025000301/sho-20250121x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-000301

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer