Waite Patrick 4
Accession 0001568586-26-000002
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 6:53 PM ET
Size
35.1 KB
Accession
0001568586-26-000002
Research Summary
AI-generated summary of this filing
Equity Lifestyle (ELS) President Patrick Waite Receives 31,484 Shares
What Happened
Patrick Waite, President & COO of Equity Lifestyle Properties, received two restricted stock awards on Feb 3, 2026 totaling 31,484 shares (23,680 shares @ $64.07 = $1,517,178; 7,804 shares @ $64.07 = $500,002). To cover tax withholding on vesting, 7,242 shares were withheld/disposed at $63.20 (total ~$457,695). The filing also shows several zero-dollar gift transfers (multiple paired G entries) that appear to move blocks of shares between accounts or recipients.
Key Details
- Transaction date: Feb 3, 2026. Form 4 filed Feb 5, 2026 (timely filing).
- Award prices: $64.07 per share for the grants; withholding reported at $63.20 per share.
- Withheld shares for taxes (F): 7,242 shares, total ~$457,695.
- Grants (A): 23,680 and 7,804 restricted shares, total value ~$2,017,180.
- Gift entries (G): paired disposals and acquisitions of 2,230; 2,335; 2,525; 2,215; 2,684; and 2,114 shares (zero-dollar transfers). Gifts/transfers do not necessarily reflect market sentiment.
- Footnotes: F1 = tax-withholding via shares; F2/F3 = restricted stock vesting schedules (service- and performance-based vesting across 2027–2029 for one award; the other vests primarily on Feb 2, 2027 per the footnote descriptions).
- Shares owned after the transactions: not specified in the provided extract.
Context
- These were restricted stock awards (A = award/grant), not open-market purchases. Restricted shares are subject to service and/or performance vesting, so they are not immediately freely tradable until vesting conditions are met.
- The F-code (tax withholding) entries represent a routine cashless withholding/surrender of shares to satisfy taxes on the vesting event.
- Gift (G) entries typically reflect transfers and do not imply a buy/sell signal.
Insider Transaction Report
- Tax Payment
Common Stock, par value $.01
[F1]2026-02-03$63.20/sh−1,074$67,877→ 105,334 total - Tax Payment
Common Stock, par value $.01
[F1]2026-02-03$63.20/sh−968$61,178→ 104,366 total - Tax Payment
Common Stock, par value $.01
[F1]2026-02-03$63.20/sh−1,047$66,170→ 103,319 total - Tax Payment
Common Stock, par value $.01
[F1]2026-02-03$63.20/sh−1,357$85,762→ 101,962 total - Tax Payment
Common Stock, par value $.01
[F1]2026-02-03$63.20/sh−1,113$70,342→ 100,849 total - Tax Payment
Common Stock, par value $.01
[F1]2026-02-03$63.20/sh−1,683$106,366→ 99,166 total - Gift
Common Stock, par value $.01
2026-02-03−2,230→ 96,936 total - Gift
Common Stock, par value $.01
2026-02-03+2,230→ 64,800 total(indirect: By Trust) - Gift
Common Stock, par value $.01
2026-02-03−2,335→ 94,601 total - Gift
Common Stock, par value $.01
2026-02-03+2,335→ 67,135 total(indirect: By Trust) - Gift
Common Stock, par value $.01
2026-02-03−2,525→ 92,076 total - Gift
Common Stock, par value $.01
2026-02-03+2,525→ 69,660 total(indirect: By Trust) - Gift
Common Stock, par value $.01
2026-02-03−2,215→ 89,861 total - Gift
Common Stock, par value $.01
2026-02-03+2,215→ 71,875 total(indirect: By Trust) - Gift
Common Stock, par value $.01
2026-02-03−2,684→ 87,177 total - Gift
Common Stock, par value $.01
2026-02-03+2,684→ 74,559 total(indirect: By Trust) - Gift
Common Stock, par value $.01
2026-02-03−2,114→ 85,063 total - Gift
Common Stock, par value $.01
2026-02-03+2,114→ 76,673 total(indirect: By Trust) - Award
Common Stock, par value $.01
[F2]2026-02-03$64.07/sh+23,680$1,517,178→ 108,743 total - Award
Common Stock, par value $.01
[F3]2026-02-03$64.07/sh+7,804$500,002→ 116,547 total
- 66,908(indirect: By Trust)
Common Stock, par value $.01
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.
Signature
Documents
Issuer
EQUITY LIFESTYLE PROPERTIES INC
CIK 0000895417
Related Parties
1- filerCIK 0001568586
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 6:53 PM ET
- Size
- 35.1 KB