Equity Lifestyle Properties (ELS) COO reports new restricted stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equity Lifestyle Properties President & COO Patrick Waite reported multiple stock transactions dated February 3, 2026. Several entries coded “F” show shares of common stock withheld at $63.20 per share to cover tax liabilities on vesting restricted shares.
Waite received two restricted stock awards of 23,680 and 7,804 common shares at $64.07 per share. Footnotes describe vesting based on continued service and performance conditions, with installments scheduled in 2027, 2028 and 2029. The filing also records zero‑price transfers between his direct holdings and the Patrick J. Waite Declaration of Trust, plus indirect holdings of 66,908 shares through the Ann Christine Bihrle Declaration of Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
28,206 shares gifted
Mixed
21 txns
Insider
Waite Patrick
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, par value $.01 | 1,074 | $63.20 | $68K |
| Tax Withholding | Common Stock, par value $.01 | 968 | $63.20 | $61K |
| Tax Withholding | Common Stock, par value $.01 | 1,047 | $63.20 | $66K |
| Tax Withholding | Common Stock, par value $.01 | 1,357 | $63.20 | $86K |
| Tax Withholding | Common Stock, par value $.01 | 1,113 | $63.20 | $70K |
| Tax Withholding | Common Stock, par value $.01 | 1,683 | $63.20 | $106K |
| Gift | Common Stock, par value $.01 | 2,230 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 2,230 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 2,335 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 2,335 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 2,525 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 2,525 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 2,215 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 2,215 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 2,684 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 2,684 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 2,114 | $0.00 | -- |
| Gift | Common Stock, par value $.01 | 2,114 | $0.00 | -- |
| Grant/Award | Common Stock, par value $.01 | 23,680 | $64.07 | $1.52M |
| Grant/Award | Common Stock, par value $.01 | 7,804 | $64.07 | $500K |
| holding | Common Stock, par value $.01 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $.01 — 105,334 shares (Direct);
Common Stock, par value $.01 — 64,800 shares (Indirect, By Patrick J. Waite Declaration of Trust)
Footnotes (1)
- Represents the withholding of shares for the payment of tax liablity incurred upon vesting of restricted shares. Restricted stock award, one-half of the award will vest in equal annual installments, subject to satisfaction of the service requirement, on February 2, 2027, February 1, 2028 and February 6, 2029; and one-half of the award will be subject to performance-based vesting conditions and will vest in equal annual installments, subject to satisfaction of such performance-based conditions and the service requirement, on February 2, 2027, February 1, 2028 and February 6, 2029. Restricted stock award, one-half of the award will vest, subject to satisfaction of the service requirement, on February 2, 2027, and one-half of the award will be subject to performance-based vesting conditions and will vest, subject to satisfaction of such performance-based conditions and the service requirement, on February 2, 2027.
FAQ
What insider transactions did ELS President & COO Patrick Waite report?
Patrick Waite reported tax withholdings, transfers, and new awards. The Form 4 shows multiple F-code tax-withholding transactions, G-code transfers between direct holdings and a trust, and two restricted stock awards of 23,680 and 7,804 common shares at prices around $64 per share.
What do the F-coded transactions in Patrick Waite’s ELS Form 4 mean?
F-coded transactions reflect tax withholding on vesting restricted shares. The filing explains these entries represent shares of Equity Lifestyle Properties common stock withheld at $63.20 per share to pay tax liabilities incurred when previously granted restricted stock vested for Patrick Waite.
How do Patrick Waite’s ELS restricted stock awards vest over time?
The awards vest in service- and performance-based installments. One grant vests in equal annual installments on February 2, 2027, February 1, 2028 and February 6, 2029, split between service and performance conditions. A second grant vests on February 2, 2027, also half service-based and half performance-based.
What is the Patrick J. Waite Declaration of Trust in the ELS Form 4?
The Patrick J. Waite Declaration of Trust holds Waite’s indirect ELS shares. Several G-code entries show zero-price transfers of common stock between Waite’s direct ownership and this trust, with indirect holdings reported as separate from his directly held Equity Lifestyle Properties shares.
What indirect ELS holdings are reported through the Ann Christine Bihrle Declaration of Trust?
The filing reports 66,908 ELS shares held indirectly. At the end of the reported transactions, 66,908 shares of Equity Lifestyle Properties common stock are listed as indirectly owned through the Ann Christine Bihrle Declaration of Trust, separate from Patrick Waite’s direct share ownership.