Director at Equity Lifestyle (NYSE: ELS) receives 2,636-share stock grants

Rhea-AI Filing Summary

Peppet Scott R reported acquisition or exercise transactions in this Form 4 filing.

Equity Lifestyle Properties director Scott R. Peppet reported stock-based compensation awards rather than open-market trades. On April 28, 2026, he received two grants of common stock totaling 2,636 shares at $62.60 per share as compensation awards.

One restricted stock grant of 2,316 shares vests in thirds on October 28, 2026, April 28, 2027, and April 28, 2028. A separate 320-share restricted stock grant vests on April 28, 2027. After these awards, he holds 14,588 shares directly and 190 shares indirectly through his daughter.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Peppet Scott R

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	320	$62.60	$20K
holding	Common Stock, par value $.01	--	--	--

Holdings After Transaction: Common Stock, par value $.01 — 14,268 shares (Direct, null); Common Stock, par value $.01 — 190 shares (Indirect, by daughter)

Footnotes (1)

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: 2,316 shares at $62.60 Restricted stock grant 2: 320 shares at $62.60 Total restricted shares granted: 2,636 shares +3 more

6 metrics

Restricted stock grant 1 2,316 shares at $62.60 Grant, award, or other acquisition on April 28, 2026; vests in three installments

Restricted stock grant 2 320 shares at $62.60 Grant, award, or other acquisition on April 28, 2026; vests April 28, 2027

Total restricted shares granted 2,636 shares Sum of April 28, 2026 stock-based compensation awards

Direct holdings after transactions 14,588 shares Common stock directly owned by Scott R. Peppet after April 28, 2026 awards

Indirect holdings via daughter 190 shares Common stock reported as indirectly owned by daughter as of April 28, 2026

Grant reference price $62.60 per share Reported price per share for both restricted stock grants

Key Terms

restricted stock, vesting, Common Stock, par value $.01, Grant, award, or other acquisition

4 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.

vesting financial

"subject to vesting as follows: 1/3 on 10/28/26, 1/3 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.

Common Stock, par value $.01 financial

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

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Form 4 Insider Transactions: What Each Field Means →

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^*

Peppet Scott R

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

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	04/28/2026		A		2,316(1)	A	$62.6	14,268	D
Common Stock, par value $.01	04/28/2026		A		320(2)	A	$62.6	14,588	D
Common Stock, par value $.01								190	I	by daughter

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

Explanation of Responses:

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

2. Grant of restricted stock subject to vesting on 4/28/27

Remarks:

	Jennifer Krebs by Power of Attorney for Scott Peppet	04/30/2026
	** 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)

FAQ

What insider transaction did ELS director Scott R. Peppet report?

Scott R. Peppet reported receiving stock-based compensation awards, not market trades. On April 28, 2026, he acquired restricted shares of Equity Lifestyle Properties common stock as grants, which are scheduled to vest over future dates according to the filing’s footnotes.

How many Equity Lifestyle (ELS) shares did Scott R. Peppet receive?

He received two grants totaling 2,636 common shares. One grant covered 2,316 restricted shares and another covered 320 restricted shares, both at a reported value of $62.60 per share, classified as “grant, award, or other acquisition” transactions.

What is the vesting schedule for Scott R. Peppet’s ELS restricted stock?

The 2,316-share restricted grant vests in three equal installments on October 28, 2026, April 28, 2027, and April 28, 2028. The separate 320-share restricted grant vests in full on April 28, 2027, subject to the conditions described in the grant terms.

Did Scott R. Peppet sell any Equity Lifestyle (ELS) shares in this Form 4?

No sales were reported in this Form 4. The transactions are coded as “A” for grant, award, or other acquisition, indicating stock-based compensation awards. There are no “S” or other sale codes listed for the reported April 28, 2026 transactions.

How many ELS shares does Scott R. Peppet own after these grants?

After the April 28, 2026 grants, he holds 14,588 shares directly in his own name. The filing also shows 190 shares held indirectly, reported as held “by daughter,” which are listed separately as indirect ownership in the Form 4 data.

What does indirect ownership by daughter mean in the ELS Form 4?

Indirect ownership by daughter means 190 ELS shares are attributed to Scott R. Peppet through his daughter’s holdings. The filing lists these as indirectly owned, with the nature of ownership specified as “by daughter,” separate from his directly held 14,588 shares.