Sun Communities executive reports tax share withholding
Sun Communities President and COO John Bandini McLaren reported a routine tax-related share disposition.
Rhea-AI Filing Summary
Sun Communities President and COO John Bandini McLaren reported a routine tax-related share disposition. On this date, 872 shares of common stock were withheld at $135.27 per share to cover tax obligations, leaving him with 74,248 shares held directly and 10 shares held indirectly in an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 872 shares
Exercise Price or Tax Liability
2 txns
Insider
McLaren John Bandini
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | COMMON STOCK, $0.01 PAR VALUE | 872 | $135.27 | $118K |
| holding | COMMON STOCK, $0.01 PAR VALUE | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK, $0.01 PAR VALUE — 74,248 shares (Direct);
COMMON STOCK, $0.01 PAR VALUE — 10 shares (Indirect, Shares held in IRA)
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sun Communities (SUI) report for John Bandini McLaren?
Sun Communities reported that President and COO John Bandini McLaren had 872 common shares withheld to cover tax obligations. The Form 4 shows this as a tax-withholding disposition, not an open-market sale, under code F on the reported transaction date.
Was the Sun Communities (SUI) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 identifies it as a tax-withholding disposition of 872 shares at $135.27 per share, used to satisfy tax liabilities associated with equity compensation rather than a discretionary sale in the market.
What does transaction code F mean in the Sun Communities (SUI) Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 872 Sun Communities common shares were withheld at $135.27 per share to cover tax obligations tied to equity awards, rather than being sold on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.