Director at Equity Lifestyle (NYSE: ELS) receives multi-year restricted stock awards

Rhea-AI Filing Summary

Burks Derrick reported acquisition or exercise transactions in this Form 4 filing.

Equity Lifestyle Properties director Derrick Burks reported two awards of restricted common stock. On April 28, 2026, he received 319 shares at $62.60 per share, scheduled to vest in three equal installments on October 28, 2026, April 28, 2027, and April 28, 2028. He also received a separate grant of 2,316 restricted shares at $62.60, vesting one-third on April 28, 2027, one-third on April 28, 2028, and one-third on April 27, 2029. These are compensation-related equity awards rather than open‑market share purchases or sales.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Burks Derrick

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.01	2,316	$62.60	$145K
Grant/Award	Common Stock, par value $.01	319	$62.60	$20K

Holdings After Transaction: Common Stock, par value $.01 — 12,217 shares (Direct, null)

Footnotes (1)

1. Grant of restricted stock subject to vesting as follows: 1/3 on 10/28/26, 1/3 on 4/28/27, and 1/3 on 4/28/28 Grant of restricted stock subject to vesting as follows: 1/3 on 4/28/27, 1/3 on 4/28/28, and 1/3 on 4/27/29

Key Figures

Restricted stock grant 1: 319 shares Restricted stock grant 2: 2,316 shares Grant price per share: $62.60/share

3 metrics

Restricted stock grant 1 319 shares Award of common stock at $62.60 on April 28, 2026; vests 2026–2028

Restricted stock grant 2 2,316 shares Award of common stock at $62.60 on April 28, 2026; vests 2027–2029

Grant price per share $62.60/share Reference value for both restricted stock awards reported on April 28, 2026

Key Terms

restricted stock, vesting, Common Stock, par value $.01, Form 4

4 terms

restricted stock financial

"Grant of restricted stock subject to vesting as follows: 1/3 on 10/28/26"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vesting financial

"subject to vesting as follows: 1/3 on 10/28/26, 1/3 on 4/28/27"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Common Stock, par value $.01 financial

"security_title: Common Stock, par value $.01"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Burks Derrick

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.01	04/28/2026		A		2,316(1)	A	$62.6	12,217	D
Common Stock, par value $.01	04/28/2026		A		319(2)	A	$62.6	12,536	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Grant of restricted stock subject to vesting as follows: 1/3 on 10/28/26, 1/3 on 4/28/27, and 1/3 on 4/28/28

2. Grant of restricted stock subject to vesting as follows: 1/3 on 4/28/27, 1/3 on 4/28/28, and 1/3 on 4/27/29

Remarks:

	Jennifer Krebs by Power of Attorney for Derrick Burks	04/30/2026
	** Signature of Reporting Person	Date
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)

FAQ

What insider transaction did Equity Lifestyle (ELS) disclose for Derrick Burks?

Equity Lifestyle reported that director Derrick Burks received two restricted stock awards totaling 319 and 2,316 common shares. These are compensation grants, not open‑market trades, and will vest over several years if service-based conditions are met.

Were the ELS insider transactions open-market buys or sells?

The Form 4 for ELS shows code A transactions, meaning grants or awards, not market buys or sells. Burks received restricted stock as part of his compensation, so there was no open‑market purchase or sale of shares disclosed.

What are the vesting terms of Derrick Burks’ Equity Lifestyle restricted stock?

One ELS grant of 319 shares vests in three equal parts on October 28, 2026, April 28, 2027, and April 28, 2028. The 2,316‑share grant vests one‑third on April 28, 2027, April 28, 2028, and April 27, 2029.

At what price were the Equity Lifestyle (ELS) restricted shares valued in the Form 4?

Both restricted stock awards to Derrick Burks were reported at a reference value of $62.60 per share. This figure reflects the price used for reporting the grant on the Form 4, not an open‑market trade price, since these were compensation grants.

Does the ELS Form 4 suggest any change in insider sentiment?

The ELS Form 4 reflects compensation-related restricted stock grants to director Derrick Burks, coded as A for awards. Such grants are routine for board members and do not represent discretionary buying or selling decisions in the open market.