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Sunstone Hotels President Sells 89,631 Shares for $1.04 Million
Sunstone Hotel Investors President and Chief Investment Officer Robert C. Springer sold 89,631 common shares in an open-market transaction on June 24, 2026, according to an SEC filing. The sale, valued at $1.04 million based on a reported price of $11.62 per share, reduced his direct holdings by 13.5% to 573,743 shares, worth approximately $6.7 million at the June 24 close. This marks Springer's first open-market sale since at least January 2024, with prior filings limited to administrative events, and comes as the stock recently reached a 4.5-year high. Sunstone Hotel Investors is a hospitality REIT with a portfolio of 19 upscale hotels totaling 9,997 rooms under brands such as Marriott, Hilton, and Hyatt, reporting trailing twelve-month revenue of $985.77 million and net income of $37.87 million.