McLaren John Bandini 4

4 · SUN COMMUNITIES INC · Filed Mar 31, 2026

AI-generated summary of this filing

Updated Mar 31, 2026

Sun Communities (SUI) President & COO John McLaren Receives Stock Awards

What Happened

John Bandini McLaren, President & Chief Operating Officer of Sun Communities, received two awards on March 27, 2026: 2,389 restricted shares valued at $125.57 each (total value $299,987) and 4,690 performance rights granted at $0 (derivative award). These were reported on a Form 4 filed March 31, 2026. This is an executive compensation grant (award), not an open‑market purchase or sale.

Key Details

Transaction date: March 27, 2026. Filing date: March 31, 2026 (timely).
Restricted shares: 2,389 shares at $125.57 per share — total reported value $299,987.
Performance rights: 4,690 rights granted at $0 (derivative award); no immediate cash paid.
Vesting for restricted shares (F1): time‑vested — 797 shares vest on March 27, 2027; 796 shares vest on March 27, 2028 and 796 on March 27, 2029.
Performance rights (F2): each right converts to one common share if earned; payout ranges from 0%–200% of target based on three‑year performance against TSR and certain financial metrics; unearned rights are forfeited.
Shares owned after the transaction: not specified in this filing.

Context

These grants are standard long‑term incentive compensation for executives and do not represent an open‑market purchase or sale. The restricted stock carries time‑based vesting; the performance rights are contingent on multi‑year performance targets, so actual shares delivered (and any stock value realized) will depend on future results.

Form 4

Period: 2026-03-27

President and COO

Transactions

Award
COMMON STOCK, $0.01 PAR VALUE
[F1]
2026-03-27$125.57/sh+2,389$299,987→ 76,637 total
Award
PERFORMANCE RIGHT
[F2]
2026-03-27+4,690→ 4,690 total
→ COMMON STOCK, $0.01 PAR VALUE (4,690 underlying)

Holdings

Footnotes (2)

[F1]Restricted stock: all shares are subject to time vesting; 797 of these time vesting shares vest on each of March 27, 2027, and 796 shares vest on March 27, 2028 and 2029.
[F2]Each performance right represents a contingent right to receive one share of common stock of Sun Communities, Inc (the "Company"). The target number of shares of common stock is set forth in columns 5 and 7 of Table II. Between 0% and 200% of the target number will be earned based on the achievement of performance criteria related to the Company's total shareholder return relative to industry indices and to certain of the Company's financial results over a three-year performance period. Any shares that do not vest at the end of the performance period will be forfeited.

Signature

/s/ John B. McLaren|2026-03-31

1 file