Equity Lifestyle Properties (NYSE: ELS) director makes 196-share gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equity Lifestyle Properties director David J. Contis reported small share gifts and updated his holdings. On April 24, 2026, he made two bona fide gifts of 98 shares each of common stock, one from his direct holdings and one from the Contis Family Trust.
After these gifts, he directly holds 3,050 shares, indirectly holds 6,988 shares through the Contis Family Trust, and an additional 1,000 shares are held indirectly as custodian for grandchildren under UGMA. These are non‑market gifts, not open‑market sales or purchases.
Positive
- None.
Negative
- None.
Insider Trade Summary
196 shares gifted
Mixed
3 txns
Insider
CONTIS DAVID J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, par value $.01 | 98 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 98 | $0.00 | -- |
| holding | Common Stock, par value $.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $.01 — 3,050 shares (Direct, null);
Common Stock, par value $.01 — 6,988 shares (Indirect, By Contis Family Trust)
Footnotes (1)
Key Figures
Gifted shares (direct): 98 shares
Gifted shares (trust): 98 shares
Total gifted shares: 196 shares
+4 more
7 metrics
Gifted shares (direct)
98 shares
Bona fide gift from direct holdings on April 24, 2026
Gifted shares (trust)
98 shares
Bona fide gift from Contis Family Trust on April 24, 2026
Total gifted shares
196 shares
Sum of two G-code bona fide gifts
Direct holdings after transactions
3,050 shares
Common stock held directly after April 24, 2026 gifts
Trust holdings after transactions
6,988 shares
Common stock held indirectly by Contis Family Trust
UGMA custodial holdings
1,000 shares
Indirect holdings as custodian for grandchildren through UGMA
Transaction date
April 24, 2026
Date of reported gifts and holdings entry
Key Terms
bona fide gift, UGMA, indirect ownership, Common Stock, par value $.01
4 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
UGMA financial
"nature_of_ownership: "As custodian for grandchildren through UGMA""
indirect ownership financial
"ownership_type: "indirect" with shares held by trust or as custodian"
Common Stock, par value $.01 financial
"security_title: "Common Stock, par value $.01""
FAQ
What insider activity did ELS director David J. Contis report?
David J. Contis reported bona fide gifts of Equity Lifestyle Properties common stock. On April 24, 2026, he gifted 98 shares from direct holdings and 98 shares from the Contis Family Trust, updating his reported ownership without any open-market buying or selling.
What are the director’s indirect ELS holdings through the Contis Family Trust?
After gifting 98 shares, the Contis Family Trust holds 6,988 shares of Equity Lifestyle Properties indirectly for David J. Contis. This indirect position reflects trust-held common stock and is reported separately from his direct and custodial UGMA holdings.
Were the ELS transactions market trades or non-market transfers?
The reported ELS transactions are non-market transfers classified as bona fide gifts. Both 98-share movements were gifts at a stated price of $0.00 per share, so they do not represent open-market purchases or sales of Equity Lifestyle Properties stock.