Form 4: Sun Communities Inc. Chairman & CEO Gary Shiffman Reports Changes in Beneficial Ownership

Gary Shiffman, Chairman & CEO of Sun Communities Inc., reports a transaction involving common stock due to tax withholding upon vesting of restricted stock.

Summary

• On February 13, 2025, Gary A. Shiffman, Chairman & CEO of Sun Communities Inc., filed a Form 4 to report changes in beneficial ownership of the company's stock.
• The reported transaction involved the disposition of 1,487 shares of common stock at a price of $126.61 per share.
• This disposition was related to the satisfaction of tax obligations upon the vesting of restricted stock.
• Following the transaction, Shiffman directly owns 881,590 shares of Sun Communities Inc.
• Shiffman also indirectly owns 15,589 shares through his spouse and 86,800 shares through an irrevocable trust.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing related to stock transactions. The sentiment is neutral as it reflects routine activity.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to tax obligations upon vesting of restricted stock, which is a common practice.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine transaction related to tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Sun Communities Inc, SUI, Gary Shiffman, Stock Transaction, Tax Withholding, Common Stock