Form 4: Sun Communities Executive Transfers Shares to Revocable Trust
SEC Filing
EVP & Chief Admin. Officer of Sun Communities, Marc Farrugia, reports transferring shares of common stock to a revocable trust.
Summary
- On April 12, 2024, Marc Farrugia, EVP & Chief Admin. Officer of Sun Communities Inc., filed a Form 4.
- The form details changes in beneficial ownership of the company's common stock.
- Farrugia contributed 2,530 shares to a revocable trust, of which he is a co-trustee.
- His spouse contributed 82 shares to the same revocable trust.
- Following these transactions, Farrugia directly owns 32,120 shares and indirectly owns 7,705 shares through the revocable trust.
- His spouse indirectly owns 619 shares.
Sentiment
Score: 5
Explanation: This is a neutral transaction reflecting standard executive financial planning; it doesn't inherently signal positive or negative sentiment.
Industry Context
Form 4 filings are routine and provide transparency into the transactions of company insiders, which can be informative for investors.
Key Dates
| Date | Description |
|---|---|
| 04/12/2024 | Date of the share transfer to the revocable trust by Marc Farrugia and his spouse. |
| 04/12/2024 | Date of Form 4 filing. |
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