Castro-Caratini Fernando 4

What Happened

• Fernando Castro-Caratini, EVP, Chief Financial Officer, Secretary & Treasurer of Sun Communities (SUI), had 7,858 shares disposed to satisfy tax withholding obligations on March 9, 2026. The shares were reported at $135.44 per share for a total value of $1,064,288.
• This transaction is a tax-withholding disposition (transaction code F), meaning shares were retained/forfeited to cover tax liability rather than sold on the open market.

Key Details

• Transaction date and price: March 9, 2026 — 7,858 shares at $135.44 per share.
• Total value: $1,064,288 (based on the reported price).
• Transaction code/footnote: F — payment of exercise price or tax liability (shares withheld for taxes).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Filing timeliness: Form 4 was filed March 11, 2026 (appears to be filed within the normal two-business-day window).

Context

• Tax-withholding dispositions are common when executives exercise options or receive restricted shares; the company withholds shares to cover required tax withholdings. These actions are routine administrative steps and do not necessarily indicate the insider is selling shares into the market or signal a change in personal outlook.
• For investors, purchases and open-market sales typically carry more interpretive weight than tax-withholding events, but tracking frequency and patterns of insider activity can still be useful.