Form 4: Sun Communities Inc. Executive Gary A. Shiffman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Gary A. Shiffman, Chairman, President & CEO of Sun Communities Inc., reports a transaction involving common stock due to tax obligations.
Summary
- On March 14, 2024, Gary A. Shiffman, Chairman, President & CEO of Sun Communities Inc., filed a Form 4 with the SEC.
- The filing reports a transaction where 1,635 shares of common stock were disposed of to cover tax obligations at a price of $131.1.
- Following the transaction, Shiffman directly owns 909,391 shares of Sun Communities Inc.
- Shiffman also indirectly owns 5,871 shares through a spouse and 86,800 shares through an irrevocable trust.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction related to tax obligations. It doesn't indicate any significant positive or negative outlook for the company.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a relatively small number of shares being disposed of by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of transaction: disposal of 1,635 shares of common stock. |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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