Sun Communities (SUI) director Gary Shiffman awarded 1,617 restricted stock units

Rhea-AI Filing Summary

Sun Communities director Gary A. Shiffman reported an equity award of 1,617 shares of common stock on February 5, 2026. The shares are restricted stock that will fully vest on February 5, 2029, if he continues serving as a director of Sun Communities or a subsidiary.

After this award, Shiffman directly holds 882,792 shares of Sun Communities common stock. In addition, 6,278 shares are owned indirectly through his spouse, and 86,800 shares are owned by an irrevocable trust where he is a trustee and beneficiary, with beneficial ownership disclaimed except for his pecuniary interest.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider SHIFFMAN GARY A

Role Director

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

Holdings After Transaction: COMMON STOCK, $0.01 PAR VALUE — 882,792 shares (Direct); COMMON STOCK, $0.01 PAR VALUE — 6,278 shares (Indirect, Owned by spouse)

Footnotes (1)

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. Owned by an irrevocable trust of which the Reporting Person is a trustee and a beneficiary. The Reporting Person disclaims beneficial ownership of the securities held by the trust except to the extent of his pecuniary interest therein.

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^*

SHIFFMAN GARY A

(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	882,792	D
COMMON STOCK, $0.01 PAR VALUE								6,278	I	Owned by spouse
COMMON STOCK, $0.01 PAR VALUE								86,800	I	Owned by irrevocable trust.(2)

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.

2. Owned by an irrevocable trust of which the Reporting Person is a trustee and a beneficiary. The Reporting Person disclaims beneficial ownership of the securities held by the trust except to the extent of his pecuniary interest therein.

Remarks:

	Gary A. Shiffman	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 did Gary A. Shiffman report in this Form 4 for SUI?

Gary A. Shiffman reported receiving an award of 1,617 shares of Sun Communities common stock as restricted stock. These shares were granted on February 5, 2026 and are subject to future vesting conditions tied to his continued service as a director.

What are the vesting terms of Gary Shiffman’s restricted stock in Sun Communities (SUI)?

All 1,617 restricted shares vest on February 5, 2029, provided Gary Shiffman remains a director of Sun Communities, Inc. or a subsidiary. If he does not continue in that role through the vesting date, the unvested restricted shares may not become his.

How many Sun Communities (SUI) shares does Gary Shiffman own directly after this transaction?

Following the reported restricted stock award, Gary Shiffman directly owns 882,792 shares of Sun Communities common stock. This figure reflects his direct holdings only and excludes shares held by his spouse or by the irrevocable trust referenced in the filing.

What indirect Sun Communities (SUI) holdings are associated with Gary Shiffman?

The filing shows 6,278 Sun Communities shares owned by his spouse and 86,800 shares owned by an irrevocable trust where he is a trustee and beneficiary. He disclaims beneficial ownership of the trust’s shares except to the extent of his pecuniary interest.

What was the reported price for Gary Shiffman’s restricted stock grant in SUI?

The 1,617 restricted shares of Sun Communities common stock were reported at a price of $123.68 per share. This figure typically reflects the fair market value on the grant date used for reporting and compensation purposes in the insider transaction filing.

What is Gary Shiffman’s role at Sun Communities (SUI) according to this filing?

Gary A. Shiffman is identified as a director of Sun Communities, Inc. in this Form 4. The restricted stock award he received is conditioned on him remaining a director of Sun Communities or one of its subsidiaries through the February 5, 2029 vesting date.