Freedman Constance 4

4 · EQUITY LIFESTYLE PROPERTIES INC · Filed Apr 30, 2026

AI-generated summary of this filing

Updated Apr 30, 2026

Equity Lifestyle Properties (ELS) Director Constance Freedman Receives Award

What Happened

Constance Freedman, a director of Equity Lifestyle Properties (ELS), received two equity awards on 2026-04-28: 2,316 restricted shares at $62.60 each (value $144,982) and 240 restricted shares at $62.60 each (value $15,024), totaling 2,556 shares and $160,006. The transactions are recorded as grants/awards (code A), i.e., acquisitions of restricted stock rather than open-market purchases or sales.

Key Details

Transaction date: 2026-04-28; filing date: 2026-04-30 (filed two days after the transaction, within the Form 4 two-business-day window).
Price per share reported: $62.60.
Shares acquired: 2,316 and 240 (total 2,556); total reported value: $160,006.
Shares owned after transaction: not disclosed in the provided excerpt.
Footnotes:
- F1: 2,316 shares vest in thirds: 1/3 on 10/28/26, 1/3 on 4/28/27, and 1/3 on 4/28/28.
- F2: 240 shares vest on 4/28/27.
Transaction code A = Award/Grant (restricted stock subject to vesting).

Context

These were restricted stock awards, not immediate sales—vested portions will convert to freely tradable shares only as each vesting tranche occurs.
Grants to directors are routine compensation and do not, by themselves, indicate buying or selling intent; they are generally long-term alignment with shareholders.

Form 4

Period: 2026-04-28

Director

Transactions

Award
Common Stock, par value $.01
[F1]
2026-04-28$62.60/sh+2,316$144,982→ 15,786 total
Award
Common Stock, par value $.01
[F2]
2026-04-28$62.60/sh+240$15,024→ 16,026 total

Holdings

Non-Qualified Stock Option (Right to Buy)
Exercise: $66.81From: 2021-01-28Exp: 2030-07-28→ Common Stock, par value $.01 (7,485 underlying)
7,485
Non-Qualified Stock Option (Right to Buy)
Exercise: $66.81From: 2021-07-28Exp: 2030-07-28→ Common Stock, par value $.01 (1,120 underlying)
8,605
Non-Qualified Stock Option (Right to Buy)
Exercise: $68.74From: 2021-10-27Exp: 2031-04-27→ Common Stock, par value $.01 (7,275 underlying)
15,880
Non-Qualified Stock Option (Right to Buy)
Exercise: $68.74From: 2022-04-27Exp: 2031-04-27→ Common Stock, par value $.01 (1,090 underlying)
16,970
Non-Qualified Stock Option (Right to Buy)
Exercise: $79.72From: 2022-10-26Exp: 2032-04-26→ Common Stock, par value $.01 (6,270 underlying)
23,240
Non-Qualified Stock Option (Right to Buy)
Exercise: $79.72From: 2023-04-26Exp: 2032-04-26→ Common Stock, par value $.01 (940 underlying)
24,180
Non-Qualified Stock Option (Right to Buy)
Exercise: $68.01From: 2023-10-25Exp: 2033-04-25→ Common Stock, par value $.01 (7,350 underlying)
31,530
Non-Qualified Stock Option (Right to Buy)
Exercise: $68.01From: 2024-04-25Exp: 2033-04-25→ Common Stock, par value $.01 (1,100 underlying)
32,630
Non-Qualified Stock Option (Right to Buy)
Exercise: $60.29From: 2024-11-01Exp: 2034-05-01→ Common Stock, par value $.01 (12,025 underlying)
44,655
Non-Qualified Stock Option (Right to Buy)
Exercise: $60.29From: 2025-05-01Exp: 2034-05-01→ Common Stock, par value $.01 (1,240 underlying)
45,895

Footnotes (2)

[F1]Grant of restricted stock subject to vesting as follows: 1/3 on 10/28/26, 1/3 on 4/28/27, and 1/3 on 4/28/28
[F2]Grant of restricted stock subject to vesting on 4/28/27

Signature

Jennifer Krebs by Power of Attorney for Constance Freedman|2026-04-30

1 file