Farrugia Marc 4
4 · SUN COMMUNITIES INC · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Sun Communities (SUI) EVP Marc Farrugia Receives 296-Share Award
What Happened Marc Farrugia, Executive Vice President & Chief Administrative Officer of Sun Communities, was granted 296 restricted shares on March 12, 2026. The award price is listed at $135.00 per share, giving a total grant value of $39,960. This was an equity award (restricted stock), not an open-market purchase or sale.
Key Details
- Transaction date and type: 2026-03-12 — Grant/Award of restricted stock (code A).
- Price and value: 296 shares × $135.00 = $39,960.
- Vesting schedule (footnote): 99 shares vest on March 12, 2027; 99 shares vest on March 12, 2028; 98 shares vest on March 12, 2029.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: Form 4 filed 2026-03-16 (within the standard two-business-day reporting window), so this appears to be timely.
Context This is a time-vested restricted stock grant — a common form of executive compensation to align interests with long-term performance. Because these shares are subject to multi-year vesting, they are not immediately liquid and do not indicate an immediate market purchase or sale.
Insider Transaction Report
- Award
COMMON STOCK, $0.01 PAR VALUE
[F1]2026-03-12$135.00/sh+296$39,960→ 939 total(indirect: By Spouse)
- 46,496
COMMON STOCK, $0.01 PAR VALUE
- 11,301(indirect: By Trust)
COMMON STOCK, $0.01 PAR VALUE
Footnotes (1)
- [F1]Restricted stock. 296 of the shares are subject to time vesting; 99 of these time vesting shares vest on each of March 12, 2027 and 2028, and 98 shares vest on March 12, 2029.