Farrugia Marc 4

What Happened

• Marc Farrugia, Executive Vice President & Chief Administrative Officer of Sun Communities (SUI), disposed of a total of 1,287 shares as payment for exercise price/tax liabilities (transaction code F).
• Transactions: 579 shares on 2026-03-04 at $135.86 (total $78,663) and 708 shares on 2026-03-05 at $136.69 (total $96,776), for an aggregate value of about $175,439.
• This was a tax-withholding/cashless-type disposition (routine), not an open-market sale intended as a directional bet.

Key Details

• Dates & prices: 2026-03-04 — 560 shares @ $135.86 and 19 shares @ $135.86; 2026-03-05 — 699 shares @ $136.69 and 9 shares @ $136.69.
• Total shares disposed: 1,287; total reported value: ~$175,439.
• Transaction code F: payment of exercise price or tax liability (shares withheld to satisfy taxes or option exercise costs).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing: Form 4 filed 2026-03-06; no late-filing flag indicated in the provided record.

Context

• Code F disposals are typically tax-withholding actions tied to option exercises or restricted stock vesting; they are routine and generally do not signal an insider’s change in view of the company’s prospects.
• For retail investors, purchases by insiders are usually more informative than tax-related withholdings; this filing appears to reflect standard tax/settlement mechanics.