NADER MARGUERITE M 4

What Happened

• Marguerite M. Nader, Vice Chairman and CEO (also a director) of Equity Lifestyle Properties (ELS), received a restricted stock award of 29,970 shares on 2026-02-03 at a reported grant value of $64.07 per share (total ~$1,920,178). To cover tax withholding on the vesting, 9,746 shares were withheld/disposed at $63.20 per share (total ~$615,948). Net shares retained from the award equal 20,224 shares (29,970 granted minus 9,746 withheld).

Key Details

• Transaction date: 2026-02-03; filing date: 2026-02-05 (filed timely).
• Award: 29,970 shares @ $64.07 (Acquired) — $1,920,178 total.
• Withholding/dispositions (tax payment): six withholdings totaling 9,746 shares @ $63.20 — $615,948 total.
• Shares owned after the transaction: not specified in the supplied filing data.
• Footnotes: F1 = shares withheld to pay tax liability on vesting; F2 = restricted stock award subject to vesting schedule — one-half vests based on service (equal annual installments on 2/2/27, 2/1/28, 2/6/29) and one-half vests based on performance with the same annual installment dates.
• Transaction codes: A = award/grant; F = tax withholding (routine, not an open-market sale).

Context

• This was a restricted stock grant, not an open-market purchase or sale. The withholding of shares to cover taxes is routine (cashless withholding) and does not by itself indicate a market-direction view. The award has both time-based and performance-based vesting over the next three years, so the executive will only fully benefit if service and/or performance conditions are met.