McLaren John Bandini 4

What Happened

• John Bandini McLaren, President of Sun Communities (SUI), disposed of 872 shares on 2026-02-23 as a payment for tax liability. The shares were valued at $131.16 each, totaling about $114,372.
• This was a tax-withholding disposition (Form 4 code F), meaning shares were surrendered to satisfy taxes—not an open-market sale.

Key Details

• Transaction date: 2026-02-23; Price per share: $131.16; Total value reported: $114,372.
• Shares surrendered: 872.
• Transaction code: F — "Payment of exercise price or tax liability" (commonly withholding to cover taxes from an option exercise or vesting).
• Shares owned after the transaction: not specified in the provided filing.
• Filing date: 2026-02-24 (filed the day after the transaction); no late filing indicated.

Context

• This type of transaction is typically administrative (tax withholding following an option exercise or restricted stock vesting) and does not necessarily signal a decision to liquidate holdings on the open market.
• For retail investors, outright purchases are generally more informative than tax-withholding disposals; treat this as routine insider paperwork unless accompanied by open-market sales or other notable trades.