Blau Jeff 4

What Happened
Jeff Blau, a director of Sun Communities, Inc. (SUI), received a grant of 1,617 restricted shares on February 5, 2026. The reported acquisition price is $123.68 per share, for a total reported value of $199,991. This was an award/grant (not an open‑market purchase or sale).

Key Details

• Transaction date and price: 2/5/2026 at $123.68 per share (total $199,991).
• Transaction type: Award/Grant (Form 4 code A).
• Vesting: These are restricted shares that vest on February 5, 2029, conditioned on Blau remaining a director.
• Holding vehicle & disclaimer: Shares are held by an LLC of which Blau is a manager and member; he disclaims beneficial ownership except for any pecuniary interest (footnote).
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: Form 4 was filed on 2026-02-09 (timely under the 2-business-day rule).

Context
Restricted stock awards to directors are common as compensation for service and differ from open-market purchases. While acquisitions can be seen as a positive signal, awards tied to service/vesting are primarily compensation and don’t necessarily reflect immediate personal investment intent.