SUN Communities (SUI) EVP Marc Farrugia granted 296 restricted stock shares

Rhea-AI Filing Summary

Farrugia Marc reported acquisition or exercise transactions in this Form 4 filing.

SUN COMMUNITIES INC executive Marc Farrugia, EVP & Chief Administrative Officer, received a grant of 296 shares of common stock, valued at 135 per share. The award is held indirectly through his spouse and is structured as restricted stock that vests over time.

According to the vesting schedule, 99 shares vest on each of March 12, 2027 and March 12, 2028, and 98 shares vest on March 12, 2029. Following this grant, he holds 939 shares indirectly via his spouse, 46,496 shares directly, and 11,301 shares indirectly through a revocable trust.

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

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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^*

Farrugia Marc

(Last) (First) (Middle)

27777 FRANKLIN ROAD

SUITE 300

(Street)

SOUTHFIELD MI 48034

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SUN COMMUNITIES INC [ SUI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Admin. Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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, $0.01 PAR VALUE	03/12/2026		A		296(1)	A	$135	939	I	Owned by spouse
COMMON STOCK, $0.01 PAR VALUE								46,496	D
COMMON STOCK, $0.01 PAR VALUE								11,301	I	Owned by revocable trust

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. Restricted stock. 296 of the shares are subject to time vesting; 99 of these time vesting shares vest on each of March 12, 2027 and 2028, and 98 shares vest on March 12, 2029.

Remarks:

	Marc Farrugia	03/16/2026
	** 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.

FAQ

What insider transaction did SUN COMMUNITIES (SUI) report for Marc Farrugia?

SUN COMMUNITIES reported that executive Marc Farrugia received a grant of 296 shares of common stock. The award is a restricted stock grant, not an open-market purchase, and is part of his equity-based compensation from the company.

How do the 296 restricted shares for SUI’s Marc Farrugia vest over time?

The 296 restricted shares vest in three annual installments. 99 shares vest on March 12, 2027, another 99 shares on March 12, 2028, and the remaining 98 shares vest on March 12, 2029, subject to the award’s time-based vesting conditions.

Are Marc Farrugia’s new SUN COMMUNITIES shares an open-market buy or a grant?

The 296 SUN COMMUNITIES shares are a grant of restricted stock, not an open-market buy. They were awarded as equity compensation, with a stated value of $135 per share and a multi-year time-based vesting schedule.

How many SUN COMMUNITIES shares does Marc Farrugia hold after this Form 4 filing?

After this filing, Marc Farrugia holds 46,496 shares directly, 939 shares indirectly through his spouse, and 11,301 shares indirectly through a revocable trust. These holdings reflect his equity exposure to SUN COMMUNITIES following the restricted stock grant.

How are the 296 SUN COMMUNITIES restricted shares owned for Marc Farrugia?

The 296 restricted shares are held indirectly and are owned by Marc Farrugia’s spouse. Although reported under his Form 4, the nature of ownership is indirect, consistent with the disclosure that they are "Owned by spouse" in the filing.