Form 4: Sun Communities CEO Gary Shiffman Gifts Shares to LLC
SEC Form 4 Filing
Gary Shiffman, Chairman & CEO of Sun Communities Inc., reports gifting shares of common stock to a limited liability company and his spouse, according to a recent SEC Form 4 filing.
Summary
- Gary A. Shiffman, Chairman & CEO of Sun Communities Inc., filed a Form 4 with the SEC.
- On March 19, 2025, Shiffman's spouse gifted 9,311 shares of Sun Communities common stock to a limited liability company.
- On March 20, 2025, Shiffman gifted 21,904 shares of common stock to a limited liability company.
- Shiffman directly owns 881,175 shares of Sun Communities common stock following these transactions.
- He also indirectly owns 6,278 shares through his spouse and 86,800 shares through an irrevocable trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock gifts. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC when company insiders, like the CEO, make transactions involving the company's stock. These filings provide transparency to the market.
Stakeholder Impact
- The gifts of shares by the CEO and his spouse could be perceived neutrally by stakeholders, as it doesn't necessarily indicate a change in the company's financial health or strategic direction.
Key Dates
| Date | Description |
|---|---|
| 03/19/2025 | Spouse gifted 9,311 shares to a limited liability company |
| 03/20/2025 | Reporting person gifted 21,904 shares to a limited liability company |
| 03/21/2025 | Date of signature on the SEC Form 4 filing |
Keywords
Form 4, SEC Filing, Beneficial Ownership, Sun Communities Inc, SUI, Gary Shiffman, Stock Gift, Common Stock
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