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, Inc. executive Fernando Castro-Caratini, who serves as EVP, CFO, Secretary and Treasurer, reported a disposition of 19,008 shares of common stock of Sun Communities, Inc. on 12/30/2025 at a price of $125.47 per share. Following this transaction, he beneficially owns 41,606 shares of Sun Communities, Inc. common stock in direct form.
Sun Communities, Inc. director Gary A. Shiffman reported an indirect sale of 156,875 shares of the company’s common stock on 12/17/2025 at $123.53 per share. The sale was a private transaction by an irrevocable trust, where he is a trustee and beneficiary, transferring shares to other beneficiaries for tax planning purposes, and he disclaims beneficial ownership except to the extent of his pecuniary interest. Following this transaction, he reports beneficial ownership of 881,175 shares directly, plus indirect interests in 6,278 shares owned by his spouse and 86,800 shares held by another irrevocable trust.
Sun Communities, Inc. appointed Mark E. Patten as its new Chief Financial Officer, Executive Vice President, Secretary and Treasurer, effective January 5, 2026, under a five-year employment agreement. His compensation includes a $600,000 base salary, an annual cash bonus targeted at 100% of salary (with his 2026 bonus not less than target), a retention-based restricted stock grant valued at $3.5 million vesting over four years, a retention cash bonus of up to $2.3 million paid in installments, $100,000 in relocation benefits and a 2026 restricted stock grant targeted at $2.0 million.
If Mr. Patten is terminated without cause, resigns for good reason, or in certain change-in-control situations, he is entitled to cash severance based on 1.50 or 2.00 times his salary and target bonus, accelerated vesting of time-based equity and continued health benefits, subject to customary conditions.
The company also detailed transition agreements: outgoing CFO Fernando Castro-Caratini will serve as Senior Adviser from the Start Date through up to June 30, 2026 with monthly pay of $45,833 and accelerated vesting of 35,200 restricted shares on December 30, 2025 and 15,000 shares on March 8, 2026. Retiring CEO Gary A. Shiffman will advise through March 31, 2026 at $75,000 per month, receive vesting of 118,000 restricted shares on January 2, 2026 and extended health coverage reimbursements through September 30, 2027.
Sun Communities, Inc. director Gary A. Shiffman reported a tax-planning transaction converting 156,875 Common Operating Partnership Units into 156,875 shares of Sun Communities common stock at an exercise price of $0. These units were held by an irrevocable trust, where he is both trustee and beneficiary, and the resulting common shares are reported as indirectly owned by that trust.
After this transaction, Shiffman is shown as beneficially owning 881,175 shares of common stock directly, 6,278 shares indirectly through his spouse, and 86,800 shares indirectly through another irrevocable trust. He also continues to indirectly hold 576,222 Common Operating Partnership Units through certain limited liability companies, which are convertible into common stock on a one-for-one basis and have no expiration date.
Sun Communities, Inc. director Gary A. Shiffman reported an indirect change in his holdings through a family trust. On 01/22/2022, his deceased mother contributed 156,875 Common Operating Partnership Units of Sun Communities Operating Limited Partnership to an irrevocable trust for which he serves as trustee and is a beneficiary. These units are convertible into the company’s common stock on a one-for-one basis and have no expiration date.
The units are reported as indirectly owned by Shiffman through the irrevocable trust, and the filing notes that he disclaims beneficial ownership except to the extent of his economic interest. The transaction is coded as a form of transfer and is being reported late due to an inadvertent error.
Sun Communities, Inc. furnished an investor presentation as Exhibit 99.1 to a current report, with the materials to be made available to investors and posted on the company’s website beginning December 1, 2025. The information is being provided under a furnishing framework rather than as filed financial statements.
The company includes extensive forward-looking statements language, explaining that expectations about future plans, performance, and market conditions are subject to many risks and uncertainties. It highlights factors such as liquidity and refinancing needs, access to capital, interest rates and operating costs, execution of acquisitions and developments, and the anticipated benefits of its sale of Safe Harbor.
Additional risks noted include the ability of manufactured home purchasers to obtain financing, repossession levels, maintaining compliance with debt covenants, maintaining status as a REIT, changes in economic and regulatory environments, foreign currency movements, natural disasters, disease outbreaks, and litigation. The company also points to its ability to maintain effective internal control over financial reporting, including a remediation plan for a material weakness.
Cohen & Steers filed Amendment No. 6 to Schedule 13G reporting passive ownership in Sun Communities, Inc. (SUI). The group beneficially owns 11,183,297 shares, representing 8.94% of the common stock as of 09/30/2025. They report sole voting power over 8,543,527 shares and sole dispositive power over 11,183,297 shares.
The filing certifies the holdings were acquired and are held in the ordinary course and not for the purpose of changing or influencing control of the issuer.
Sun Communities, Inc. (SUI) director reported open-market sales of common stock. On 11/10/2025, the reporting person sold 2,900 shares at $126.22 and 1,100 shares at $126.29.
Following these transactions, the director beneficially owned 26,000 shares directly. An additional 3,200 shares are listed as indirectly owned by Wife's IRA; the reporting person disclaims beneficial ownership of such shares.
Sun Communities (SUI) officer John B. McLaren filed a Form 4 reporting a transaction on 11/06/2025 coded F. The filing shows 1,864 shares of common stock at $124.2. Following the reported transaction, McLaren beneficially owns 75,992 shares directly and 10 shares indirectly through an IRA.
FMR LLC filed Amendment No. 1 to Schedule 13G reporting beneficial ownership of 5,269,273.43 shares, or 4.2% of Sun Communities, Inc. common stock. The event date is 09/30/2025. Abigail P. Johnson is also listed as a reporting person with the same beneficial amount.
FMR reports sole voting power over 4,135,722.65 shares and sole dispositive power over 5,269,273.43 shares, with 0 shared voting or dispositive power. The filing certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.