Thelen Bruce 4

What Happened Bruce Thelen, Executive Vice President and Chief Operating Officer of Sun Communities, disposed of 317 shares on Feb 11, 2026 as a payment to cover tax liability associated with equity activity. The shares were recorded at $127.81 each, for a total value of about $40,516. This was a share surrender to satisfy taxes (transaction code F), not an open-market purchase.

Key Details

• Transaction date: 2026-02-11; Filing date (Form 4): 2026-02-12 (filed timely).
• Disposition: 317 shares at $127.81 per share; total value ≈ $40,516.
• Transaction code: F — payment of exercise price or tax liability (shares withheld/surrendered).
• Shares owned after transaction: not disclosed in the provided filing details.
• Notes: This appears to be tax withholding related to prior equity awards or option exercise (administrative disposition).

Context When insiders surrender shares to cover taxes (a common administrative step), it typically reflects withholding to satisfy tax obligations rather than a directional bet on the stock. The Form 4 indicates a disposition for tax purposes rather than an open-market sale; such transactions are routine and generally less informative about an insider’s view of the company’s prospects.