Gary A. Shiffman - Feb 23, 2023 Form 4 Insider Report for SUN COMMUNITIES INC (SUI)

Role
Chairman, President & CEO, Director
Signature
Gary A. Shiffman
Stock symbol
SUI
Transactions as of
Feb 23, 2023
Transactions value $
$10,553,053
Form type
4
Date filed
2/27/2023, 02:53 PM
Previous filing
Feb 22, 2023
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SUI COMMON STOCK, $0.01 PAR VALUE Tax liability -$438K -2.97K -0.36% $147.79 817K Feb 23, 2023 Direct
transaction SUI COMMON STOCK, $0.01 PAR VALUE Award $11M +75K +9.18% $146.55 892K Feb 24, 2023 Direct F1
holding SUI COMMON STOCK, $0.01 PAR VALUE 16.7K Feb 23, 2023 Owned by spouse
holding SUI COMMON STOCK, $0.01 PAR VALUE 76K Feb 23, 2023 Owned by irrevocable trust. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock. 30,000 of the shares are subject to time vesting; 6,000 of these time vesting shares vest on each of February 24, 2024, 2025, 2026, 2027 and 2028. 45,000 of the shares are subject to performance vesting based on certain market and financial performance criteria.
F2 Owned by irrevocable trust of which the reporting person is a trustee and beneficiary.