Sun Communities CFO Awarded Restricted Stock & Performance Rights
SUN COMMUNITIES INC
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Filing Summary
š Form 4 Filing Alert: SUN COMMUNITIES INC ($SUI) š¤ Insider: Garechana Robert (EVP, CFO, & Treasurer) š Transaction Date: 2026-09-08
Transaction Details: ā¢ Type: Equity Grant (Restricted Stock) ā¢ Shares: 6,374 @ $117.65 (~$749,898 total value) ā¢ Post-Transaction Holdings: 6,374 shares ā¢ Derivative Grant: 16,255 Performance Rights
Significance: Low (Routine/New Executive Equity Award)
Comprehensive Analysis
Executive Equity Award Overview
On September 8, 2026, Robert Garechana, EVP, CFO, & Treasurer of Sun Communities Inc ($SUI), received an executive equity grant consisting of restricted common stock and performance rights.
Key Transaction Details:
- Non-Derivative Award: 6,374 shares of Common Stock at an award valuation price of $117.65 per share (total value of ~$749,898.10).
- Vesting Schedule: Time-based vesting across three tranches: 2,125 shares vesting on September 8, 2027; 2,125 shares on September 8, 2028; and 2,124 shares on September 8, 2029.
- Derivative Award: 16,255 target Performance Rights with a 3-year performance period, earnable between 0% and 200% based on total shareholder return (TSR) relative to industry indices and financial performance metrics.
- Beneficial Ownership Post-Transaction: 6,374 direct common shares and 16,255 performance rights.
Market & Trading Context
Because this filing reflects an equity incentive grant rather than an open-market acquisition or disposition, its signaling significance for immediate stock momentum is considered Low.
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