Eldersveld David P 4

What Happened

• David P. Eldersveld, EVP, Chief Legal Officer and Secretary of Equity Lifestyle Properties (ELS), was granted restricted stock awards totaling 21,160 shares on 2026-02-03 (16,478 shares and 4,682 shares) at an award value of $64.07/share (total value $1,355,721).
• Concurrently, 4,468 shares were withheld to satisfy tax withholding obligations arising from vesting, at $63.20/share (withheld value $282,378). Net new shares from the grants after withholding = 16,692.
• These transactions were awards and tax withholdings (A = award/grant; F = tax withholding), not open-market buys or voluntary sales.

Key Details

• Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (timely filing).
• Grant prices/values: 16,478 shares @ $64.07 = $1,055,745; 4,682 shares @ $64.07 = $299,976 (total $1,355,721).
• Withholding: 787, 674, 728, 729, 775, 775 shares withheld (total 4,468) @ $63.20 = $282,378 to cover tax liability.
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Footnotes: F1 confirms the withheld shares were for tax withholding on vesting; F2 and F3 indicate these are restricted stock awards with service- and performance-based vesting schedules (one award vests in equal annual installments through 2027–2029 with half time-based and half performance-based vesting; the other vests in 2027 with one-half service-based and one-half performance-based vesting).

Context

• These are compensation grants (restricted stock) rather than market purchases or sales; withholding of shares for taxes is a common administrative step when awards vest.
• Awards with performance-based vesting mean some shares only vest if performance targets are met; such grants are routine executive compensation and do not by themselves indicate trading sentiment.