Sun Communities (NYSE: SUI) EVP logs tax-withholding share disposition on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sun Communities executive Marc Farrugia reported a small share disposition related to taxes. On this Form 4, an entity associated with Farrugia disposed of 17 shares of Sun Communities common stock at $137.18 per share as a tax-withholding disposition, with ownership noted as indirect through his spouse.
Following these transactions, Farrugia reports 690 shares held indirectly through his spouse, 48,315 shares held directly, and 11,301 shares held indirectly through a revocable trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Farrugia Marc
Role
EVP & Chief Admin. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | COMMON STOCK, $0.01 PAR VALUE | 17 | $137.18 | $2K |
| holding | COMMON STOCK, $0.01 PAR VALUE | -- | -- | -- |
| holding | COMMON STOCK, $0.01 PAR VALUE | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK, $0.01 PAR VALUE — 690 shares (Indirect, Owned by spouse);
COMMON STOCK, $0.01 PAR VALUE — 48,315 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Marc Farrugia report in Sun Communities (SUI) Form 4?
Marc Farrugia reported a tax-related share disposition involving 17 shares of Sun Communities common stock. The transaction used shares, indirectly owned through his spouse, to satisfy tax obligations rather than representing an open-market sale of stock.
What indirect Sun Communities (SUI) holdings does Marc Farrugia report on this Form 4?
The Form 4 shows 690 shares held indirectly via his spouse and 11,301 shares held indirectly through a revocable trust. These positions are reported separately from his direct ownership to clarify the different forms of beneficial holdings.
Does the Sun Communities (SUI) Form 4 show an open-market sale by Marc Farrugia?
The filing describes a tax-withholding disposition of 17 shares, not an open-market sale. Shares indirectly held through his spouse were used to satisfy tax obligations, which is different from voluntarily selling shares on the open market.