Sun Communities (SUI) director granted 1,617 restricted shares vesting in 2029

Rhea-AI Filing Summary

Sun Communities, Inc. director Meghan G. Baivier reported an award of 1,617 shares of common stock on February 5, 2026, at a price of $123.68 per share. These shares are restricted stock that will fully vest on February 5, 2029, if she continues serving as a director of Sun Communities or a subsidiary. Following this grant, she beneficially owns 19,417 shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Baivier Meghan G.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	COMMON STOCK, $0.01 PAR VALUE	1,617	$123.68	$200K

Holdings After Transaction: COMMON STOCK, $0.01 PAR VALUE — 19,417 shares (Direct)

Footnotes (1)

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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^*

Baivier Meghan G.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026

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	02/05/2026		A		1,617(1)	A	$123.68	19,417	D

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. All shares vest on February 5, 2029, provided that the reporting person remains a director of Sun Communities, Inc. or a subsidiary.

Remarks:

	Meghan G. Baivier	02/09/2026
	** 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) director Meghan Baivier report?

Meghan G. Baivier reported receiving 1,617 shares of Sun Communities common stock. The Form 4 shows a transaction coded "A" on February 5, 2026, reflecting an award of restricted stock at $123.68 per share, increasing her direct beneficial ownership to 19,417 shares.

When do Meghan Baivier’s restricted Sun Communities (SUI) shares vest?

The 1,617 restricted shares vest on February 5, 2029. Vesting is contingent on Meghan G. Baivier remaining a director of Sun Communities, Inc. or one of its subsidiaries through that date, as stated in the footnote to the Form 4 filing.

Is Meghan Baivier’s Sun Communities (SUI) stock award a purchase or a grant?

The transaction is a grant of restricted stock, not an open-market purchase. The Form 4 uses transaction code "A" for an acquisition and the footnote describes the shares as restricted stock that vest over time, indicating an equity compensation award for board service.

How many Sun Communities (SUI) shares does Meghan Baivier own after this transaction?

After the reported transaction, Meghan G. Baivier beneficially owns 19,417 shares. The Form 4 lists this total under "Amount of Securities Beneficially Owned Following Reported Transaction(s)", and classifies the ownership as direct, with no indicated indirect holding entity.

What role does Meghan Baivier hold at Sun Communities (SUI) in this Form 4?

Meghan G. Baivier is identified as a director of Sun Communities, Inc. The relationship section of the filing checks the "Director" box only, with no officer or 10% owner status indicated, and the vesting condition ties directly to her continuing board service.

What type of security did Meghan Baivier receive from Sun Communities (SUI)?

She received common stock with a par value of $0.01 per share. The Form 4 lists the security as "COMMON STOCK, $0.01 PAR VALUE" and describes the 1,617 shares as restricted stock subject to vesting based on continued service as a director.