ELS chair Heneghan gifts 392 company shares

Equity LifeStyle Properties director and chairman Thomas Heneghan reported gifting shares of company stock while retaining a large equity position.

Rhea-AI Filing Summary

Equity LifeStyle Properties director and chairman Thomas Heneghan reported gifting shares of company stock while retaining a large equity position. On April 24, 2026, he recorded two bona fide gift transactions of 196 shares each of common stock at $0.00 per share. After these gifts, reported holdings were 100,586 shares held directly and 300,030 shares held indirectly by his spouse.

Heneghan also reported several outstanding non-qualified stock options to buy common stock. These include options with exercise prices of $63.79 covering 1,570 and 14,110 underlying shares expiring on April 29, 2035, and options with exercise prices of $60.29 covering 1,660 and 14,930 underlying shares expiring on May 1, 2034.

Insider Trade Summary

392 shares gifted

Gift 6 txns

Insider HENEGHAN THOMAS

Role Chairman of the Board

Type	Security	Shares	Price	Value
Gift	Common Stock, par value $.01	196	$0.00	$0.00
Gift	Common Stock, par value $.01	196	$0.00	$0.00
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 — 100,586 shares (Direct); Common Stock, par value $.01 — 300,030 shares (Indirect, By Spouse); Non-Qualified Stock Option (Right to Buy) — 32,270 contracts (Direct)

Key Figures

Gifted shares total: 392 shares Direct common shares after gifts: 100,586 shares Indirect spouse-held shares after gifts: 300,030 shares +4 more

7 metrics

Gifted shares total 392 shares Two bona fide gifts of 196 shares each on April 24, 2026

Direct common shares after gifts 100,586 shares Common Stock, par value $.01, direct ownership after transactions

Indirect spouse-held shares after gifts 300,030 shares Common Stock, par value $.01, indirect ownership by spouse after transactions

Option position 1 1,570 underlying shares at $63.79 Non-Qualified Stock Option expiring April 29, 2035, direct

Option position 2 14,110 underlying shares at $63.79 Non-Qualified Stock Option expiring April 29, 2035, direct

Option position 3 1,660 underlying shares at $60.29 Non-Qualified Stock Option expiring May 1, 2034, direct

Option position 4 14,930 underlying shares at $60.29 Non-Qualified Stock Option expiring May 1, 2034, direct

Key Terms

Non-Qualified Stock Option (Right to Buy), Bona fide gift, Common Stock, par value $.01, Indirect ownership

4 terms

Non-Qualified Stock Option (Right to Buy) financial

"security_title: "Non-Qualified Stock Option (Right to Buy)""

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.

Common Stock, par value $.01 financial

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

Indirect ownership financial

"ownership_type": "indirect", "nature_of_ownership": "By Spouse""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Thomas Heneghan report for ELS?

Thomas Heneghan reported two bona fide gift transfers of Equity LifeStyle Properties common stock. Each gift involved 196 shares on April 24, 2026 at $0.00 per share, reflecting non-market dispositions rather than open-market buying or selling activity.

How many Equity LifeStyle Properties shares did Heneghan gift?

Heneghan gifted a total of 392 Equity LifeStyle Properties common shares. The filing shows two separate bona fide gifts of 196 shares each on April 24, 2026, recorded at $0.00 per share as typical for non-cash charitable or personal gift transfers.

What are Thomas Heneghan’s reported ELS share holdings after the gifts?

After the reported gifts, Heneghan’s holdings include 100,586 Equity LifeStyle Properties common shares held directly. The filing also reports 300,030 common shares held indirectly by his spouse, giving a combined reported equity position across direct and spouse-held accounts.

What stock options on ELS does Heneghan hold according to this filing?

The filing lists several non-qualified stock options on Equity LifeStyle Properties common stock. These include options at $63.79 covering 1,570 and 14,110 underlying shares, and options at $60.29 covering 1,660 and 14,930 underlying shares, with expirations in 2034 and 2035.

Were Heneghan’s ELS transactions open-market buys or sells?

No, the reported transactions were bona fide gifts of Equity LifeStyle Properties shares. The Form 4 uses transaction code G, indicating gifts, not open-market purchases or sales, so they do not represent price-driven trading activity in the public market.

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

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Accepted by SEC EDGAR 04/28/2026 - 05:31 PM EDT Learn about SEC filing dates

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^*

HENEGHAN THOMAS

(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
X	Officer (give title below)		Other (specify below)
	Chairman of the Board

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

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	04/24/2026		G	V	196	D	$0	100,586	D
Common Stock, par value $.01	04/24/2026		G	V	196	A	$0	300,030	I	By Spouse

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
Non-Qualified Stock Option (Right to Buy)	$60.29							05/01/2025	05/01/2034	Common Stock, par value $.01	14,930		14,930	D
Non-Qualified Stock Option (Right to Buy)	$60.29							05/01/2025	05/01/2034	Common Stock, par value $.01	1,660		16,590	D
Non-Qualified Stock Option (Right to Buy)	$63.79							04/29/2026	04/29/2035	Common Stock, par value $.01	14,110		30,700	D
Non-Qualified Stock Option (Right to Buy)	$63.79							04/29/2026	04/29/2035	Common Stock, par value $.01	1,570		32,270	D

Explanation of Responses:

Remarks:

	Jennifer Krebs by Power of Attorney for Thomas Heneghan	04/28/2026
	** 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)