July 21, 2025 · Form 4 insider transaction
McLaren John Bandini bought 4,788 shares of Sun Communities, Inc. at $125.06 per share, a transaction worth $598.8K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
These shares of the Company's restricted stock were issued to the Reporting Person as a retention bonus under a retention program covering various executives and key employees of the Company. The retention bonuses under this program were issued as an additional incentive to retain the recipients' services through the period of transition in the Company's Chief Executive Officer position and beyond and to continue to promote the Company's success. These shares are subject to time vesting and vest as follows: 958 shares vest on July 21, 2026; 958 shares vest on July 21, 2027; 958 shares vest on July 21, 2028; 957 shares vest on July 21, 2029; and 957 shares vest on July 21, 2030