Seavey Paul 4
4 · EQUITY LIFESTYLE PROPERTIES INC · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Equity Lifestyle (ELS) CFO Paul Seavey Receives $1.82M Restricted Stock
What Happened
Paul Seavey, Chief Financial Officer of Equity Lifestyle Properties (ELS), received two restricted stock awards on Feb 3, 2026 totaling 28,362 shares at $64.07 per share (aggregate value $1,817,154). On the same date 7,241 shares were surrendered/withheld at $63.20 per share (value $457,632) to cover tax liabilities arising from vesting. The awards are compensation (acquisitions by grant), not open-market purchases.
Key Details
- Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (appears timely within the usual two-business-day window).
- Acquisitions: 23,680 shares @ $64.07 = $1,517,178 (grant A); 4,682 shares @ $64.07 = $299,976 (grant A).
- Withholding (reported as dispositions): 1,074 + 968 + 1,047 + 1,356 + 1,683 + 1,113 = 7,241 shares @ $63.20 = $457,632 (code F).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Footnotes: F1 = withholding of shares to satisfy tax liability on vesting; F2 & F3 = restricted stock awards with mixed service-based and performance-based vesting schedules (see filing for exact vesting dates/splits).
- Transaction codes: A = award/grant (acquisition), F = tax withholding (reported as disposition).
Context
- These transactions reflect compensation (restricted stock grants) rather than open-market buying or selling; the withheld shares are a routine tax-withholding mechanism on vesting and do not necessarily signal a change in insider sentiment.
- Vesting is subject to service and performance conditions (per footnotes): some shares vest in equal annual installments (2027–2029) and some are performance-based with similar vesting windows—check the full Form 4 for the precise schedules and performance metrics.
Insider Transaction Report
- Tax Payment
Common Stock, par value $.01
[F1]2026-02-03$63.20/sh−1,074$67,877→ 77,088 total - Tax Payment
Common Stock, par value $.01
[F1]2026-02-03$63.20/sh−968$61,178→ 76,120 total - Tax Payment
Common Stock, par value $.01
[F1]2026-02-03$63.20/sh−1,047$66,170→ 75,073 total - Tax Payment
Common Stock, par value $.01
[F1]2026-02-03$63.20/sh−1,356$85,699→ 73,717 total - Tax Payment
Common Stock, par value $.01
[F1]2026-02-03$63.20/sh−1,683$106,366→ 72,034 total - Tax Payment
Common Stock, par value $.01
[F1]2026-02-03$63.20/sh−1,113$70,342→ 70,921 total - Award
Common Stock, par value $.01
[F2]2026-02-03$64.07/sh+23,680$1,517,178→ 94,601 total - Award
Common Stock, par value $.01
[F3]2026-02-03$64.07/sh+4,682$299,976→ 99,283 total
Footnotes (3)
- [F1]Represents the withholding of shares for the payment of tax liablity incurred upon vesting of restricted shares.
- [F2]Restricted stock award, one-half of the award will vest in equal annual installments, subject to satisfaction of the service requirement, on February 2, 2027, February 1, 2028 and February 6, 2029; and one-half of the award will be subject to performance-based vesting conditions and will vest in equal annual installments, subject to satisfaction of such performance-based conditions and the service requirement, on February 2, 2027, February 1, 2028 and February 6, 2029.
- [F3]Restricted stock award, one-half of the award will vest, subject to satisfaction of the service requirement, on February 2, 2027, and one-half of the award will be subject to performance-based vesting conditions and will vest, subject to satisfaction of such performance-based conditions and the service requirement, on February 2, 2027.