Freedman Constance 4

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.