Perlis Daniel 4

What Happened
Daniel Perlis, EVP Sales, Marketing & Business Development at Equity Lifestyle Properties (ELS), was granted restricted stock and had shares withheld to cover taxes on vesting. On 2026-02-03 he acquired 6,504 restricted shares at a reported grant value of $64.07 per share (total ~$416,711) and 1,828 shares were withheld at $63.20 per share to satisfy tax withholding (total ~$115,530). Net new shares from these transactions = 4,676.

Key Details

• Transaction date: 2026-02-03 (Form filed 2026-02-05; timely filing)
• Acquisitions (code A): 4,943 shares @ $64.07 ($316,698) and 1,561 shares @ $64.07 ($100,013) — total 6,504 shares, aggregate ~$416,711.
• Dispositions for tax withholding (code F): 569, 283, 327, and 649 shares @ $63.20 (total 1,828 shares, aggregate ~$115,530).
• Net increase in shares held from these entries: 4,676 shares.
• Shares owned after transaction: not specified in the details provided here (check the full Form 4 for "Amount Owned Following Reported Transaction").
• Footnotes: F1 indicates withholding to pay taxes on vesting; F2 and F3 describe restricted stock vesting schedules—one award vests in equal annual installments through 2029 with half service-based and half performance-based vesting; the other award vests in 2027 with half performance-based (see full filing for exact vesting conditions).
• Transaction codes: A = Award/Grant; F = withholding of shares for tax liability.

Context
These entries reflect compensation-related restricted stock grants rather than an open-market purchase or sale. Withholding of shares to cover taxes is routine (a cashless method) and does not necessarily signal the insider’s intent to buy or sell additional shares. Awards subject to service and performance vesting mean some shares will only become fully owned if future conditions are met.