Form 4: Sun Communities EVP Marc Farrugia Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Marc Farrugia, EVP & Chief Admin. Officer of Sun Communities Inc., reports disposing of shares to cover tax obligations arising from vesting restricted stock units.
Summary
- On February 26, 2024, Marc Farrugia, EVP & Chief Admin. Officer of Sun Communities Inc. (SUI), reported disposing of 814 shares of common stock at a price of $131.35 per share to cover tax obligations.
- Following the transaction, Farrugia directly owns 20,606 shares of Sun Communities Inc.
- Farrugia also indirectly owns 461 shares through a spouse and 5,093 shares through a revocable trust.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like Marc Farrugia, trade their company's stock. These filings provide transparency into the transactions of individuals with access to non-public information.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock disposal transaction. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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