Equity Lifestyle (NYSE: ELS) director gets new stock awards, options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equity Lifestyle Properties director Andrew Berkenfield reported new equity compensation awards. On April 28, 2026, he received 120 shares of common stock at $62.60 per share that 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 per share that vest on April 28, 2027. Following these grants, one line shows direct holdings of 10,813 shares, and another shows 10,693 shares. The filing also lists outstanding non-qualified stock options covering 545, 7,275, and 7,485 underlying shares at exercise prices of $68.74 and $66.81, expiring between July 28, 2030 and April 27, 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Berkenfield Andrew
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 | 120 | $62.60 | $8K |
| 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 — 10,693 shares (Direct, null);
Non-Qualified Stock Option (Right to Buy) — 7,485 shares (Direct, null)
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 on 4/28/27
Key Figures
Restricted stock grant 1: 120 shares at $62.60
Restricted stock grant 2: 2,316 shares at $62.60
Holdings after grant (line 1): 10,813 shares
+4 more
7 metrics
Restricted stock grant 1
120 shares at $62.60
Common stock granted on April 28, 2026; three-part vesting
Restricted stock grant 2
2,316 shares at $62.60
Common stock granted on April 28, 2026; vests April 28, 2027
Holdings after grant (line 1)
10,813 shares
Direct common stock holdings after 120-share grant
Holdings after grant (line 2)
10,693 shares
Direct common stock holdings after 2,316-share grant
Option position 1
545 underlying shares at $68.74
Non-qualified stock option expiring April 27, 2031
Option position 2
7,275 underlying shares at $68.74
Non-qualified stock option expiring April 27, 2031
Option position 3
7,485 underlying shares at $66.81
Non-qualified stock option expiring July 28, 2030
Key Terms
Non-Qualified Stock Option (Right to Buy), restricted stock, vesting, exercise price, +1 more
5 terms
Non-Qualified Stock Option (Right to Buy) financial
"security_title: Non-Qualified Stock Option (Right to Buy)"
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
"Grant of restricted stock subject to vesting 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.
exercise price financial
"conversion_or_exercise_price: 68.7400 and 66.8100 for stock options"
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
"expiration_date: 2030-07-28 and 2031-04-27 for options"
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.
FAQ
What insider transactions did ELS director Andrew Berkenfield report?
Andrew Berkenfield reported two equity awards from Equity Lifestyle Properties. He received 120 restricted shares and 2,316 additional restricted shares of common stock at $62.60 per share, along with disclosures of existing non-qualified stock option positions that remain outstanding after these grants.
What are the vesting terms of Andrew Berkenfield’s new ELS restricted stock?
The 120-share grant vests in three equal installments: one-third on October 28, 2026, one-third on April 28, 2027, and one-third on April 28, 2028. The separate 2,316-share restricted stock grant vests in full on April 28, 2027, according to the filing’s footnotes.
What option positions does Andrew Berkenfield hold in Equity Lifestyle Properties?
The filing lists three non-qualified stock option positions. They cover 545 shares and 7,275 shares at a $68.74 exercise price and 7,485 shares at a $66.81 exercise price. These options on Equity Lifestyle common stock expire between July 28, 2030 and April 27, 2031.
Did the ELS Form 4 show any stock sales by Andrew Berkenfield?
No stock sales are reported in this Form 4. The transactions consist of two restricted stock grants classified as acquisitions under code A, plus holdings entries for existing non-qualified stock options. The transaction summary shows no buy or sell entries for common stock.