STOCK TITAN

ELS (NYSE: ELS) director adds shares and holds stock options

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

Rhea-AI Filing Summary

Equity Lifestyle Properties director Constance Freedman acquired 366 shares of common stock at $53.06 per share through the company’s Employee Stock Purchase Plan. Following this grant, she directly owns 13,470 common shares. She also holds several non-qualified stock options with exercise prices between $60.29 and $79.72 expiring from 2030 to 2034.

Positive

  • None.

Negative

  • None.
Insider Freedman Constance
Role Director
Type Security Shares Price Value
Grant/Award Common Stock, par value $.01 366 $53.06 $19K
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 — 13,470 shares (Direct); Non-Qualified Stock Option (Right to Buy) — 7,485 shares (Direct)
Footnotes (1)
  1. [object Object]
Shares acquired 366 shares Common stock acquired through Employee Stock Purchase Plan
Acquisition price $53.06 per share Price for 366 ESPP shares
Shares owned after 13,470 shares Direct common stock ownership after acquisition
Option exercise price $66.81 Non-qualified stock options expiring July 28, 2030
Option exercise price $68.74 Non-qualified stock options expiring April 27, 2031
Option exercise price $79.72 Non-qualified stock options expiring April 26, 2032
Option exercise price $60.29 Non-qualified stock options expiring May 1, 2034
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
"Non-Qualified Stock Option (Right to Buy) with underlying common stock"
underlying security financial
"underlying_security_title: "Common Stock, par value $.01""
exercise price financial
"conversion_or_exercise_price values such as "66.8100" and "60.2900""
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.
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)
04/01/2026
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 $.0104/01/2026A(1)366A$53.0613,470D
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 Freedman04/02/2026
** 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 ELS director Constance Freedman report in this Form 4?

Constance Freedman reported acquiring 366 shares of Equity Lifestyle Properties common stock at $53.06 per share. The shares were obtained through the company’s Employee Stock Purchase Plan, increasing her direct ownership to 13,470 common shares after the reported transaction.

How many ELS shares does Constance Freedman own after this transaction?

After the transaction, Constance Freedman directly owns 13,470 shares of Equity Lifestyle Properties common stock. This figure reflects the addition of 366 shares acquired at $53.06 per share through the Employee Stock Purchase Plan reported in the Form 4 filing.

What price did Freedman pay per share for the new ELS stock?

The newly acquired shares were purchased at $53.06 per share. According to the Form 4, the 366 shares of Equity Lifestyle Properties common stock were obtained via the company’s Employee Stock Purchase Plan, which typically allows employees to buy shares on favorable terms.

What is the source of the new ELS shares acquired by Constance Freedman?

The filing states that the 366 newly acquired shares came through Equity Lifestyle Properties’ Employee Stock Purchase Plan. A footnote clarifies this plan-based acquisition, indicating it is a compensation-related purchase mechanism rather than an open-market trade by the director.

Does this ELS Form 4 show any stock sales by Constance Freedman?

The Form 4 shows no reported stock sales by Constance Freedman. It records an acquisition of 366 shares through the Employee Stock Purchase Plan and lists existing non-qualified stock option positions, without any open-market or other disposition transactions in this filing.