Waite Patrick 4

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.