Form 4: SUN Communities Executive Sells Shares for Tax Obligations

Marc Farrugia, EVP & Chief Admin. Officer at SUN Communities, reported the sale of shares to cover tax liabilities.

Summary

• Marc Farrugia, EVP & Chief Admin. Officer of SUN COMMUNITIES INC (SUI), reported transactions on February 24, 2026.
• Disposed of 932 shares of common stock directly at a price of $131.32 per share.
• Disposed of 8 shares of common stock indirectly, owned by his spouse, at a price of $131.32 per share.
• These dispositions were made under transaction code 'F', indicating they were likely for tax withholding purposes related to the vesting of securities.
• Following these transactions, Farrugia beneficially owns 48,315 shares directly, 707 shares indirectly through his spouse, and 11,301 shares indirectly through a revocable trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine insider transaction for tax withholding purposes rather than a discretionary sale or purchase.

Key Dates

Recommendation

This Form 4 reports a routine disposition of shares by an executive to cover tax liabilities, which is a common occurrence and does not reflect a change in the company's fundamentals or the executive's long-term confidence. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

SUN Communities, SUI, Marc Farrugia, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Beneficial Ownership