Patten Mark E 4

What Happened Mark E. Patten, formerly Executive Vice President, Chief Financial Officer, Secretary and Treasurer of Sun Communities (SUI), had 28,892 restricted shares disposed to the issuer (code D) on 2026-02-04. The reported per-share amount is $127.92, for a total value of approximately $3,695,865. According to the filing footnote, this disposition represents the forfeiture of a time-based restricted stock award granted on January 5, 2026 due to his departure from the role — it is a return/forfeiture to the company, not an open-market sale.

Key Details

• Transaction date and price: 2026-02-04 at $127.92 per share (total ≈ $3,695,865)
• Transaction type: Disposition to issuer (D) — forfeiture of restricted stock (Footnote F1)
• Shares owned after transaction: Not specified in the provided filing
• Filing date: 2026-02-17 (13 days after the transaction date); this is later than the typical 2-business-day Form 4 reporting window — check the filing for any timeliness notation or explanations

Context Forfeiture of restricted stock typically occurs when time-based awards are unvested or conditions are unmet after an executive’s departure; such a forfeiture is not an open-market sale and does not directly indicate the insider’s view on the company’s shares. The transaction reduces the insider’s award holdings and returned value to the issuer (here about $3.7M).