Farrugia Marc 4

What Happened Marc Farrugia, Executive Vice President & Chief Administrative Officer of Sun Communities, was granted 296 restricted shares on March 12, 2026. The award price is listed at $135.00 per share, giving a total grant value of $39,960. This was an equity award (restricted stock), not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-03-12 — Grant/Award of restricted stock (code A).
• Price and value: 296 shares × $135.00 = $39,960.
• Vesting schedule (footnote): 99 shares vest on March 12, 2027; 99 shares vest on March 12, 2028; 98 shares vest on March 12, 2029.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 filed 2026-03-16 (within the standard two-business-day reporting window), so this appears to be timely.

Context This is a time-vested restricted stock grant — a common form of executive compensation to align interests with long-term performance. Because these shares are subject to multi-year vesting, they are not immediately liquid and do not indicate an immediate market purchase or sale.