Director at Equity Lifestyle (NYSE: ELS) logs stock gifts and awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equity Lifestyle Properties director David J. Contis reported compensation-related stock awards and family gifts of common stock. On April 28, 2026, he received three grants of restricted stock for 2,316, 319, and 200 shares at $62.60 per share. Footnotes state these awards vest in thirds on 10/28/26, 4/28/27, 4/28/28, and 4/27/29, with one grant vesting fully on 4/28/27. On April 29, 2026, he made bona fide gifts totaling 2,116 shares from both direct holdings and the Contis Family Trust. He continues to hold common stock directly and indirectly, including 1,000 shares held as custodian for grandchildren under UGMA, so these transactions reflect estate and compensation planning rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,116 shares gifted
Mixed
10 txns
Insider
CONTIS DAVID J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock, par value $.01 | 758 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 104 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 196 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 758 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 104 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 196 | $0.00 | -- |
| Grant/Award | Common Stock, par value $.01 | 2,316 | $62.60 | $145K |
| Grant/Award | Common Stock, par value $.01 | 319 | $62.60 | $20K |
| Grant/Award | Common Stock, par value $.01 | 200 | $62.60 | $13K |
| holding | Common Stock, par value $.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $.01 — 5,127 shares (Direct, null);
Common Stock, par value $.01 — 7,746 shares (Indirect, By Contis Family Trust)
Footnotes (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 Grant of restricted stock subject to vesting on 4/28/27
Key Figures
Restricted stock grant 1: 2,316 shares at $62.60
Restricted stock grant 2: 319 shares at $62.60
Restricted stock grant 3: 200 shares at $62.60
+4 more
7 metrics
Restricted stock grant 1
2,316 shares at $62.60
Common stock grant on April 28, 2026
Restricted stock grant 2
319 shares at $62.60
Common stock grant on April 28, 2026
Restricted stock grant 3
200 shares at $62.60
Common stock grant on April 28, 2026
Gifted shares
2,116 shares
Total bona fide gifts reported in summary
Trust holdings after gifts
7,746 shares
Indirectly held by Contis Family Trust after April 29, 2026 gifts
Direct holdings after award
5,885 shares
Direct common stock holdings after one April 28, 2026 grant
UGMA custodial shares
1,000 shares
Indirect holdings as custodian for grandchildren through UGMA
Key Terms
restricted stock, bona fide gift, UGMA, vesting, +1 more
5 terms
restricted stock financial
"Grant of restricted stock subject to vesting as follows"
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.
bona fide gift financial
"transaction_code_description": "Bona fide gift"
UGMA financial
"As custodian for grandchildren through UGMA"
vesting financial
"subject to vesting as follows: 1/3 on 10/28/26"
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.
indirect ownership financial
"ownership_type": "indirect""
FAQ
What insider transactions did ELS director David J. Contis report in this Form 4?
David J. Contis reported restricted stock grants and bona fide gifts of Equity Lifestyle Properties common stock. He received three stock awards on April 28, 2026, and made several gift transfers on April 29, 2026, while retaining both direct and indirect shareholdings in the company.
When do David J. Contis’s ELS restricted stock awards vest?
The restricted stock awards vest over multiple future dates. One grant vests one-third on 10/28/26, 4/28/27, and 4/28/28; another vests one-third on 4/28/27, 4/28/28, and 4/27/29; a third grant vests entirely on 4/28/27, according to the disclosed footnotes.
What do the bona fide gift transactions in the ELS Form 4 represent?
The Form 4 shows bona fide gifts totaling 2,116 shares of Equity Lifestyle common stock. These gifts came from both direct holdings and the Contis Family Trust. Gift transactions are non-market transfers and do not reflect open-market buying or selling activity by the insider.
Are David J. Contis’s ELS transactions open-market trades?
No. The reported activities consist of restricted stock grants as compensation and bona fide gifts of shares. There are no open-market purchases or sales in this Form 4, so the transactions primarily reflect compensation and personal or family estate planning decisions.