Farrugia Marc, EVP and Chief Administrative Officer at SUI, has filed 37 Form 4 transactions over the past year, all in a single ticker. The pattern is overwhelmingly one of compensation-driven accumulation rather than discretionary buying or selling. Across all filings, there are zero open-market purchases (code P) and zero open-market sales (code S), with total acquired value of roughly $6.43 million coming entirely from grants, awards, and option exercises. The most recent activity, spanning February 2025 through July 2026, shows a consistent cadence of equity awards (code A) followed by automatic share withholdings to cover tax obligations (code F).
The largest single transaction was a July 21, 2025 grant valued at $1.77 million, followed by a March 7, 2025 award of $2.0 million and a March 27, 2026 award of $600,000. These grants are interspersed with numerous small F-code withholdings, typically ranging from roughly $1,000 to $147,000, which mechanically reduce share counts to satisfy tax liabilities. A notable outlier is a January 1, 2026 disposition (code D) with a reported value of zero, likely a plan-related transfer rather than a market sale.
The absence of any P or S codes indicates Farrugia has not expressed a directional view through open-market activity during this period. Instead, his Form 4 history reflects a standard executive compensation cycle: periodic equity grants, tax-driven share surrenders, and no discretionary trades. The concentration in SUI, a real estate investment trust, suggests his insider stake is built entirely through compensation rather than active accumulation or distribution.
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