Sun Communities, Inc. filings document formal disclosures for a REIT focused on manufactured housing and recreational vehicle communities. Recent Form 8-K reports furnish quarterly and annual earnings releases, supplemental operating and financial data, Regulation FD investor presentations and related forward-looking statement disclosures.
The filing record also covers governance and reporting matters, including definitive proxy disclosures, executive officer appointments, compensatory and employment arrangements involving the company and its operating partnership, and changes in the company’s independent registered public accounting firm. These documents frame SUI’s REIT operations, portfolio disclosures, leadership structure, audit oversight and shareholder governance.
Sun Communities EVP & Chief Administrative Officer Marc Farrugia reported routine tax-withholding share dispositions related to equity compensation. On March 9, 2026, 579 shares of common stock were withheld at $135.44 per share to cover tax obligations, including 560 shares from his direct holdings and 19 shares from shares owned by his spouse. After these transactions, he held 46,496 shares directly, 643 shares indirectly through his spouse, and 11,301 shares indirectly through a revocable trust. These Form 4 entries do not reflect any open-market purchases or sales.
Sun Communities, Inc. appointed longtime executive John B. McLaren, currently President, as its new Chief Operating Officer, expanding his responsibilities to directly oversee the operations team. McLaren has served the company in various leadership roles over 24 years, including prior service as COO and President.
The company and its operating partnership also entered into a new Amended and Restated Employment Agreement with McLaren. The three-year agreement provides a $600,000 annual base salary, target annual cash bonus equal to 150% of base salary, severance protections, change in control benefits, equity vesting provisions, and non‑competition obligations. On the same date, former COO Bruce D. Thelen departed his role to pursue other opportunities.
Sun Communities executive Aaron Weiss reported a small share disposition tied to taxes. On the transaction date, he disposed of 1,154 shares of common stock through a tax-withholding arrangement at a price of $135.86 per share, as indicated by transaction code F.
After this tax-withholding disposition, Weiss directly held 60,967 shares of Sun Communities common stock. He is listed as an officer with the title EVP, Corporate Strategy & Business Development.
Sun Communities director Lewis Clunet R reported selling a total of 7,000 shares of common stock in open-market transactions. On March 5, 2026, he sold 3,800 shares directly at a volume-weighted average price of $136.01, with trades ranging from $136.01 to $136.15. He also reported the sale of 3,200 shares held indirectly through his wife’s IRA at a volume-weighted average price of $136.15, with trades between $136.07 and $136.19, and he disclaims beneficial ownership of those IRA shares. Following these sales, he directly owns 16,817 shares of Sun Communities common stock.
Sun Communities EVP & Chief Administrative Officer Marc Farrugia reported tax-related share dispositions rather than open-market sales. On March 4 and 5, 2026, company common stock was delivered to cover tax obligations, including shares held directly, by his spouse, and by a revocable trust. After these transactions, he held 47,056 shares directly, with an additional 662 shares owned by his spouse and 11,301 shares owned by a revocable trust, all in Sun Communities common stock.
Sun Communities Inc EVP and COO Bruce Thelen reported a tax-related share disposition. On 2026-03-04, he disposed of 635 shares of common stock in a tax-withholding transaction at $135.86 per share, leaving 55,247 shares held directly after the transaction.
Sun Communities Inc. director Clunet R. Lewis reported selling 7,000 shares of common stock in open-market transactions on February 27, 2026. One sale covered 2,000 shares at $136.13 per share, and another covered 5,000 shares at $136.66 per share.
After these sales, Lewis held 20,617 shares directly. The filing also reports 3,200 shares held indirectly through his wife's IRA, for which the reporting person disclaims beneficial ownership according to a footnote.
Sun Communities executive Marc Farrugia reported a small share disposition related to taxes. On this Form 4, an entity associated with Farrugia disposed of 17 shares of Sun Communities common stock at $137.18 per share as a tax-withholding disposition, with ownership noted as indirect through his spouse.
Following these transactions, Farrugia reports 690 shares held indirectly through his spouse, 48,315 shares held directly, and 11,301 shares held indirectly through a revocable trust.
SUI Form 144 filing reports an intended sale of 8,800 common shares through Fidelity Brokerage Services LLC on 02/27/2026, with an aggregate amount shown of $1,200,760.00. The entry lists two prior purchase lots: 5,000 (05/03/2011) and 3,800 (06/02/2010), both bought in the open market.
Sun Communities, Inc. furnished an investor presentation outlining its 2025 performance, balance sheet repositioning, and 2026 outlook. The company highlights its position as a leading owner and operator of manufactured housing and RV communities, with FY25 rental revenue primarily from MH (59%), RV (31%) and UK (10%).
Real property operations drove results, with FY25 real property NOI of $1,059 million, and consolidated NOI of $1,156.8 million, with 92% of NOI from rental income. FY25 Core FFO per share was $6.68, and 4Q25 Core FFO per share was $1.40. For FY26, the company guides to Core FFO per share midpoint of $6.93 and North America same property NOI growth midpoint of 4.5%.
The presentation describes 2025 as a transformational year, including repayment of approximately $3.3 billion of debt, elimination of floating-rate exposure, a net debt/TTM EBITDA ratio of 3.4x, and a $5.65 billion sale of Safe Harbor Marinas at 21x FFO. Sun also reports investment-grade ratings of BBB+ (S&P) and Baa2 (Moody’s), continued same property NOI growth, and detailed reconciliations for FFO, Core FFO, NOI, and EBITDA-based metrics.