Young Charles D. 4
4 · SUN COMMUNITIES INC · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Sun Communities (SUI) CEO Charles D. Young Receives Stock Awards
What Happened Charles D. Young, CEO and Director of Sun Communities, received two grants on March 27, 2026: 14,334 restricted shares valued at $125.57 each (total ≈ $1,799,920) and 28,151 performance rights (derivative award reported at $0). These were company awards (code A), not open-market purchases or sales.
Key Details
- Transaction date: 2026-03-27; Form 4 filed 2026-03-31 (filed within the normal two business-day window for Form 4s following a Friday transaction).
- Restricted stock: 14,334 shares at $125.57 each; aggregate value reported ≈ $1,799,920. Vesting is time-based per footnote F1 (4,778 shares vest on each of March 27, 2027, 2028 and 2029).
- Performance rights: 28,151 rights reported as derivative awards (value $0 at grant). Footnote F2: each right can convert to one share; actual payout is 0%–200% of target based on 3‑year performance vs. TSR and certain financial goals; unearned shares are forfeited.
- Shares owned after the transaction: not specified in the provided filing.
- No indication here of a sale, 10b5-1 plan, tax withholding, or immediate cashless exercise.
Context Restricted-stock grants and performance rights are compensation awards that vest over time and/or contingent on performance; they are company-issued compensation (not market purchases) and may align executive pay with long-term shareholder outcomes. Performance rights are contingent and may convert to between 0% and 200% of the target shares after a three-year performance period per the filing.
Insider Transaction Report
- Award
COMMON STOCK, $0.01 PAR VALUE
[F1]2026-03-27$125.57/sh+14,334$1,799,920→ 77,477 total - Award
PERFORMANCE RIGHT
[F2]2026-03-27+28,151→ 28,151 total→ COMMON STOCK, $0.01 PAR VALUE (28,151 underlying)
Footnotes (2)
- [F1]Restricted stock: all shares are subject to time vesting: 4,778 of these time vesting shares vest on each of March 27, 2027, 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.