Form 4: Sun Communities Inc. Executive Gary A. Shiffman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Gary A. Shiffman, Chairman & CEO of Sun Communities Inc., reports a transaction involving common stock due to tax obligations.
Summary
- Gary A. Shiffman, Chairman & CEO of Sun Communities Inc., filed a Form 4 indicating changes in beneficial ownership of the company's common stock.
- On March 17, 2025, Shiffman disposed of 2,965 shares of common stock at a price of $132.04 per share to cover tax obligations.
- Following the transaction, Shiffman directly owns 903,079 shares of Sun Communities Inc.
- Shiffman also indirectly owns 15,589 shares through a spouse and 86,800 shares through an irrevocable trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral. It simply reports a transaction.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company executives and directors regarding their holdings in the company's stock.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a relatively small number of shares being sold by an executive.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of the stock transaction (disposal of shares). |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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