Equity Lifestyle Properties (NYSE: ELS) CFO reports tax withholdings and new stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equity Lifestyle Properties executive vice president and chief financial officer Paul Seavey reported several share movements in company common stock. On February 3, 2026, multiple transactions coded “F” reflected withholding of shares at $63.2 per share to cover taxes due on vesting of restricted stock.
That same day, Seavey received two new restricted stock awards of 23,680 and 4,682 shares at $64.07 per share. After these transactions, he directly held 99,283 shares of Equity Lifestyle Properties common stock, with future vesting dependent on continued service and performance conditions through dates in 2027, 2028, and 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Seavey Paul
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $.01 | 1,074 | $63.20 | $68K |
| Tax Withholding | Common Stock, par value $.01 | 968 | $63.20 | $61K |
| Tax Withholding | Common Stock, par value $.01 | 1,047 | $63.20 | $66K |
| Tax Withholding | Common Stock, par value $.01 | 1,356 | $63.20 | $86K |
| Tax Withholding | Common Stock, par value $.01 | 1,683 | $63.20 | $106K |
| Tax Withholding | Common Stock, par value $.01 | 1,113 | $63.20 | $70K |
| Grant/Award | Common Stock, par value $.01 | 23,680 | $64.07 | $1.52M |
| Grant/Award | Common Stock, par value $.01 | 4,682 | $64.07 | $300K |
Holdings After Transaction:
Common Stock, par value $.01 — 77,088 shares (Direct)
Footnotes (1)
- Represents the withholding of shares for the payment of tax liablity incurred upon vesting of restricted shares. Restricted stock award, one-half of the award will vest in equal annual installments, subject to satisfaction of the service requirement, on February 2, 2027, February 1, 2028 and February 6, 2029; and one-half of the award will be subject to performance-based vesting conditions and will vest in equal annual installments, subject to satisfaction of such performance-based conditions and the service requirement, on February 2, 2027, February 1, 2028 and February 6, 2029. Restricted stock award, one-half of the award will vest, subject to satisfaction of the service requirement, on February 2, 2027, and one-half of the award will be subject to performance-based vesting conditions and will vest, subject to satisfaction of such performance-based conditions and the service requirement, on February 2, 2027.
FAQ
What insider transactions did ELS CFO Paul Seavey report on February 3, 2026?
ELS CFO Paul Seavey reported tax-related share withholdings and new restricted stock grants on February 3, 2026. Several transactions coded “F” covered tax liabilities on vesting, while new awards increased his direct common stock holdings in Equity Lifestyle Properties.
What do the transaction code F entries mean in the ELS Form 4 filing?
The transaction code F entries represent shares withheld to pay tax liabilities triggered by the vesting of restricted shares. Instead of selling shares on the market, the company withholds a portion at $63.2 per share to satisfy Seavey’s tax obligations.
When will Paul Seavey’s new ELS restricted stock awards potentially vest?
The new restricted stock awards have service-based and performance-based vesting schedules. Portions are scheduled to vest on February 2, 2027, February 1, 2028, and February 6, 2029, provided that the service requirement and any specified performance conditions are satisfied.