CONTIS DAVID J 4
Research Summary
AI-generated summary
Equity Lifestyle (ELS) Director David J. Contis Receives Stock Award
What Happened
David J. Contis, a director of Equity Lifestyle Properties, was granted a total of 2,835 restricted shares on 2026-04-28 (three awards) at $62.60 per share, valued at $177,471 in aggregate (2,316 shares = $144,982; 319 shares = $19,969; 200 shares = $12,520). The filing also reports gift transactions on 2026-04-29 (code G) covering transfers of 758, 104, and 196 shares (no proceeds reported).
Key Details
- Transaction dates and prices:
- 2026-04-28: Awards (A) — 2,316 shares @ $62.60 ($144,982), 319 shares @ $62.60 ($19,969), 200 shares @ $62.60 ($12,520).
- 2026-04-29: Gifts (G) — dispositions of 758, 104, and 196 shares (reported at $0 consideration) and corresponding acquisitions of the same amounts on the same date.
- Vesting (from footnotes):
- 2,316-share award: restricted stock vesting 1/3 on 10/28/26, 1/3 on 4/28/27, 1/3 on 4/28/28.
- 319-share award: restricted stock vesting 1/3 on 4/28/27, 1/3 on 4/28/28, 1/3 on 4/27/29.
- 200-share award: restricted stock vesting on 4/28/27.
- Shares owned after the transactions: not specified in the filing.
- Filing date: 2026-04-30 (covers transactions on 4/28 and 4/29). The filing does not indicate a tardy (late) submission.
Context
- The A (award) entries are restricted stock grants subject to vesting schedules (not open-market purchases) — these are compensation awards rather than immediate purchases that signal an immediate additional stake.
- The G (gift) entries are transfers made without cash proceeds and do not necessarily reflect the insider’s view of the company’s near-term prospects.
- No exercise of options or immediate resale is reported; the awards vest over time per the schedules above.