Form 4: Sun Communities Inc. Executive Vice President Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Marc Farrugia, EVP & Chief Admin. Officer of Sun Communities Inc., reports changes in beneficial ownership of company stock due to tax withholding related to vesting of restricted stock.
Summary
- On March 3, 2025, Marc Farrugia, EVP & Chief Admin. Officer of Sun Communities Inc., reported changes in his beneficial ownership of the company's common stock.
- The transactions involved the disposition of shares to cover tax obligations upon the vesting of restricted stock.
- Specifically, 332 shares were disposed of at a price of $136.43.
- After the reported transactions, Farrugia directly owns 30,397 shares of Sun Communities Inc.
- Farrugia also indirectly owns 586 shares through his spouse and 8,009 shares through a revocable trust.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine tax-related stock transactions and does not indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates standard tax-related stock transactions and doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction |
| 03/04/2025 | Date of signature |
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