Sun Communities (SUI) EVP forfeits 6,000 performance stock awards
Rhea-AI Filing Summary
Sun Communities, Inc. executive vice president and chief administrative officer Marc Farrugia reported a change in his ownership of company stock. On 01/01/2026, 6,000 shares of common stock were forfeited at a price of $0. These shares were performance-based restricted stock awards granted on February 24, 2023 that were eligible to vest only if certain market performance criteria were achieved.
After this forfeiture, Farrugia beneficially owns 49,247 shares of Sun Communities common stock directly, 715 shares indirectly through his spouse, and 11,301 shares indirectly through a revocable trust.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | COMMON STOCK, $0.01 PAR VALUE | 6,000 | $0.00 | $0.00 |
| holding | COMMON STOCK, $0.01 PAR VALUE | -- | -- | -- |
| holding | COMMON STOCK, $0.01 PAR VALUE | -- | -- | -- |
Footnotes (1)
- F1. Represents the forfeiture of performance-based restricted stock awards granted to the Reporting Person on February 24, 2023 that were eligible to vest based on the achievement of certain market performance criteria.
FAQ
What insider transaction did Sun Communities (SUI) report for Marc Farrugia?
Executive vice president and chief administrative officer Marc Farrugia reported the forfeiture of 6,000 shares of Sun Communities common stock on 01/01/2026.
What is Marc Farrugia’s role at Sun Communities (SUI)?
Marc Farrugia is an officer of Sun Communities, serving as EVP & Chief Admin. Officer, as indicated in the filing.
What triggered the forfeiture of the performance-based restricted stock at Sun Communities (SUI)?
The filing states that the 6,000 shares represent the forfeiture of performance-based restricted stock awards that were eligible to vest based on the achievement of certain market performance criteria.
AI-generated analysis. How Rhea-AI works. Not financial advice.