STOCK TITAN

Equity Lifestyle Properties (ELS) director adds ESPP shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Equity Lifestyle Properties director Constance Freedman reported receiving 60 shares of common stock on May 1, 2026 through the company’s Employee Stock Purchase Plan at $53.77 per share. After this ESPP acquisition, she directly holds 16,086 common shares.

The filing also lists multiple outstanding non-qualified stock options on common stock with exercise prices between $60.29 and $79.72 per share and expiration dates from 2030 to 2034, showing a continuing option-based equity position in the company.

Positive

  • None.

Negative

  • None.
Insider Freedman Constance
Role null
Type Security Shares Price Value
Grant/Award Common Stock, par value $.01 60 $53.77 $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 — 16,086 shares (Direct, null); Non-Qualified Stock Option (Right to Buy) — 7,485 shares (Direct, null)
Footnotes (1)
  1. [object Object]
ESPP shares acquired 60 shares Common stock acquired on May 1, 2026 through Employee Stock Purchase Plan
ESPP purchase price $53.77 per share Price for 60 common shares acquired May 1, 2026
Shares held after transaction 16,086 shares Direct common stock holdings following ESPP acquisition
Option exercise price $60.29 per share Non-qualified stock options on 1,240 underlying shares expiring May 1, 2034
Large option block 12,025 underlying shares Non-qualified stock options at $60.29 per share expiring May 1, 2034
Option exercise price $68.01 per share Non-qualified stock options on 7,350 underlying shares expiring April 25, 2033
Option exercise price $79.72 per share Non-qualified stock options on 6,270 underlying shares expiring April 26, 2032
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)"
grant/award acquisition financial
"Transaction coded A and described as grant/award acquisition"
Common Stock, par value $.01 financial
"Underlying security title listed as Common Stock, par value $.01"
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)
05/01/2026
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 $.0105/01/2026A(1)60A$53.7716,086D
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 Freedman05/05/2026
** 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)

FAQ

What did Constance Freedman report in this Form 4 for ELS?

Constance Freedman reported acquiring 60 shares of Equity Lifestyle Properties common stock through the Employee Stock Purchase Plan. This ESPP transaction increased her direct holdings to 16,086 shares, alongside several existing non-qualified stock option positions disclosed in the same Form 4.

How many Equity Lifestyle (ELS) shares does Freedman hold after this filing?

After the reported ESPP transaction, Constance Freedman directly holds 16,086 shares of Equity Lifestyle Properties common stock. This reflects the addition of 60 shares acquired on May 1, 2026 at a price of $53.77 per share through the Employee Stock Purchase Plan.

What price did Freedman pay per ELS share through the ESPP?

The filing shows Constance Freedman acquired 60 Equity Lifestyle Properties shares at $53.77 per share through the Employee Stock Purchase Plan. This price is the purchase price reported for the May 1, 2026 ESPP transaction and applies only to those newly acquired shares.

Are there stock options reported for Constance Freedman in this ELS Form 4?

Yes. The Form 4 lists several non-qualified stock options on Equity Lifestyle Properties common stock. These options have exercise prices such as $60.29, $68.01, $68.74, $66.81, and $79.72 per share, with expiration dates ranging from 2030 through 2034.

How many underlying ELS shares are tied to Freedman’s non-qualified stock options?

The filing details multiple option grants with underlying share amounts, including 12,025 and 1,240 shares at a $60.29 exercise price, 7,350 and 1,100 shares at $68.01, 7,275 and 1,090 at $68.74, and 7,485 and 1,120 at $66.81, plus additional blocks at $79.72.

Was the acquisition of ELS shares by Constance Freedman a market purchase?

The Form 4 describes the 60-share acquisition as a grant, award, or other acquisition and notes it represents shares acquired through Equity Lifestyle’s Employee Stock Purchase Plan. This indicates a plan-related purchase rather than an open-market buy order.