Young Charles D. 4

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.