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Equity Lifestyle Properties (NYSE: ELS) director reports ESPP share purchase

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Equity Lifestyle Properties director Constance Freedman acquired 62 shares of common stock on August 3, 2026 through the company’s Employee Stock Purchase Plan at $55.26 per share, bringing her direct holdings to 16,525 shares. She also reports multiple outstanding non-qualified stock options with exercise prices between $60.29 and $79.72 expiring from 2030 to 2034.

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Insider Freedman Constance
Role Director
Type Security Shares Price Value
Grant/Award Common Stock, par value $.01 F1 62 $55.26 $3K
holding Non-Qualified Stock Option (Right to Buy) -- -- --
holding Non-Qualified Stock Option (Right to Buy) -- -- --
holding Non-Qualified Stock Option (Right to Buy) -- -- --
holding Non-Qualified Stock Option (Right to Buy) -- -- --
holding Non-Qualified Stock Option (Right to Buy) -- -- --
holding Non-Qualified Stock Option (Right to Buy) -- -- --
holding Non-Qualified Stock Option (Right to Buy) -- -- --
holding Non-Qualified Stock Option (Right to Buy) -- -- --
holding Non-Qualified Stock Option (Right to Buy) -- -- --
holding Non-Qualified Stock Option (Right to Buy) -- -- --
Holdings After Transaction: Common Stock, par value $.01 — 16,525 shares (Direct); Non-Qualified Stock Option (Right to Buy) — 45,895 shares (Direct)
Footnotes (1)
  1. F1. Represents shares acquired through ELS' Employee Stock Purchase Plan
Shares acquired 62 shares Common stock acquired on August 3, 2026 via Employee Stock Purchase Plan
Purchase price $55.26 per share Price for ESPP acquisition on August 3, 2026
Direct holdings after transaction 16,525 shares Common stock directly owned by Constance Freedman after ESPP purchase
Option underlying shares at $66.81 7,485 shares Non-qualified stock option, exercise price $66.81, expires July 28, 2030
Option underlying shares at $79.72 6,270 shares Non-qualified stock option, exercise price $79.72, expires April 26, 2032
Option underlying shares at $60.29 12,025 shares Non-qualified stock option, exercise price $60.29, expires May 1, 2034
Employee Stock Purchase Plan financial
"Represents shares acquired through ELS' Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Non-Qualified Stock Option (Right to Buy) financial
"Security title reported as Non-Qualified Stock Option (Right to Buy)"
exercise price financial
"Non-qualified stock options list an exercise price such as 60.2900 or 79.7200"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"Each option position includes an expiration date between 2030-07-28 and 2034-05-01"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did Equity Lifestyle Properties (ELS) report for Constance Freedman?

Constance Freedman acquired 62 shares of Equity Lifestyle Properties common stock on August 3, 2026. The shares were purchased at $55.26 each through the company’s Employee Stock Purchase Plan, increasing her direct ownership position.

How many Equity Lifestyle Properties (ELS) shares does Constance Freedman own after this Form 4 transaction?

After the reported trade, Constance Freedman directly owns 16,525 shares of Equity Lifestyle Properties common stock. This total reflects the addition of 62 shares acquired via the Employee Stock Purchase Plan on August 3, 2026.

At what price were the new ELS shares acquired in Constance Freedman’s Form 4 filing?

The 62 newly acquired Equity Lifestyle Properties shares were purchased at $55.26 per share. The acquisition occurred through the company’s Employee Stock Purchase Plan, indicating participation in an established employee stock purchase program.

Does the Constance Freedman Form 4 for ELS involve any stock sales or only acquisitions?

The Form 4 for Constance Freedman reports only an acquisition of 62 shares of common stock. There are no reported stock sales or dispositions; the filing also lists several existing non-qualified stock option positions as holdings.

What stock option positions for ELS does Constance Freedman report in this Form 4?

Constance Freedman reports multiple non-qualified stock options on Equity Lifestyle Properties shares, with exercise prices such as $66.81, $68.74, $79.72, and $60.29, and expiration dates ranging from 2030 through 2034, covering thousands of underlying shares.

Are the options in Constance Freedman’s ELS Form 4 new grants or existing holdings?

The options disclosed for Constance Freedman are reported as holdings rather than new option grants. Each line shows an existing non-qualified stock option series, with specified exercise prices, underlying share amounts, and future expiration dates.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Freedman Constance

(Last)(First)(Middle)
C/O EQUITY LIFESTYLE PROPERTIES, INC.
TWO NORTH RIVERSIDE PLAZA, SUITE 800

(Street)
CHICAGO ILLINOIS 60606

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
EQUITY LIFESTYLE PROPERTIES INC [ ELS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, par value $.0108/03/2026A(1)62A$55.2616,525D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Non-Qualified Stock Option (Right to Buy)$66.8101/28/202107/28/2030Common Stock, par value $.017,4857,485D
Non-Qualified Stock Option (Right to Buy)$66.8107/28/202107/28/2030Common Stock, par value $.011,1208,605D
Non-Qualified Stock Option (Right to Buy)$68.7410/27/202104/27/2031Common Stock, par value $.017,27515,880D
Non-Qualified Stock Option (Right to Buy)$68.7404/27/202204/27/2031Common Stock, par value $.011,09016,970D
Non-Qualified Stock Option (Right to Buy)$79.7210/26/202204/26/2032Common Stock, par value $.016,27023,240D
Non-Qualified Stock Option (Right to Buy)$79.7204/26/202304/26/2032Common Stock, par value $.0194024,180D
Non-Qualified Stock Option (Right to Buy)$68.0110/25/202304/25/2033Common Stock, par value $.017,35031,530D
Non-Qualified Stock Option (Right to Buy)$68.0104/25/202404/25/2033Common Stock, par value $.011,10032,630D
Non-Qualified Stock Option (Right to Buy)$60.2911/01/202405/01/2034Common Stock, par value $.0112,02544,655D
Non-Qualified Stock Option (Right to Buy)$60.2905/01/202505/01/2034Common Stock, par value $.011,24045,895D
Explanation of Responses:
1. Represents shares acquired through ELS' Employee Stock Purchase Plan
Remarks:
Jennifer Krebs by Power of Attorney for Constance Freedman08/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)