Farrugia Marc 4

What Happened

• Marc Farrugia, EVP & Chief Administrative Officer of Sun Communities (SUI), surrendered a total of 579 shares to satisfy tax withholding related to an option exercise or restricted stock vesting. The filing shows 560 shares disposed at $135.44 each ($75,846) and 19 shares disposed at $135.44 each ($2,573), for a combined value of $78,419. These were tax-withholding disposals (routine), not open-market sales.

Key Details

• Transaction date: 2026-03-09 (reported on Form 4 filed 2026-03-11)
• Prices and amounts:
  • 560 shares @ $135.44 = $75,846 (Disposed)
  • 19 shares @ $135.44 = $2,573 (Disposed)
  • Total surrendered: 579 shares, $78,419
• Transaction code: F (payment of exercise price or tax liability — shares surrendered/withheld)
• Shares owned after the transaction: not reported in the provided filing details
• Filing timeliness: Form 4 filed 2026-03-11 for a 2026-03-09 transaction; no late filing indicated in the report

Context

• This transaction reflects tax withholding associated with an equity award or option exercise. Shares surrendered to cover taxes are routine and do not necessarily signal a change in the insider’s view of the company; they are different from an open-market sale.