Sun Communities (SUI) CAO Loftus receives 5,185-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sun Communities Inc. SVP and Chief Accounting Officer Brian P. Loftus received a grant of 5,185 shares of common stock as equity compensation. The award was valued at $135.0000 per share. Following this grant, Loftus directly holds 15,496 shares of Sun Communities common stock.
The new shares are restricted stock subject to time-based vesting. According to the terms, 1,729 shares vest on March 12, 2027, 1,728 shares vest on March 12, 2028, and 1,728 shares vest on March 12, 2029. This is a compensation-related acquisition rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Loftus Brian P
Role
SVP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK, $0.01 PAR VALUE | 5,185 | $135.00 | $700K |
Holdings After Transaction:
COMMON STOCK, $0.01 PAR VALUE — 15,496 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Sun Communities (SUI) report for Brian P. Loftus?
Sun Communities reported that Brian P. Loftus received a grant of 5,185 shares of common stock. This equity award is compensation-related, not an open-market purchase, and increases his direct holdings to 15,496 shares after the transaction.
At what price was the Sun Communities (SUI) stock grant to Brian Loftus valued?
The restricted stock grant to Brian Loftus was valued at $135.0000 per share. This value reflects the reference price used in the Form 4 and helps quantify the size of the equity compensation awarded on that grant date.
What is the vesting schedule for Brian Loftus’s new Sun Communities (SUI) restricted stock?
The 5,185 restricted shares vest in three annual installments: 1,729 shares on March 12, 2027, 1,728 shares on March 12, 2028, and 1,728 shares on March 12, 2029, subject to continued service and award terms.
Is the Brian Loftus Sun Communities (SUI) Form 4 an open-market stock purchase?
No, the Form 4 shows a grant of restricted stock as compensation, not an open-market purchase. The transaction code is “A” for award, indicating shares were granted by the company rather than bought on the open market.
What role does Brian Loftus hold at Sun Communities (SUI) in this Form 4 filing?
Brian P. Loftus is identified as Senior Vice President and Chief Accounting Officer of Sun Communities. The reported equity award reflects part of his executive compensation, aligning his interests with shareholders through additional stock-based incentives.