How significant is the 872-share tax withholding for Sun Communities (SUI) insiders?

The 872-share tax withholding is a small, routine event relative to John Bandini McLaren’s holdings. He retains 74,248 shares directly plus 10 indirectly in an IRA, indicating the disposition is mainly administrative and related to equity award taxation, not a major ownership change.

Sun Communities (SUI) COO reports 872-share tax withholding, holds 74,258 shares

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Sun Communities President and COO John Bandini McLaren reported a routine tax-related share disposition. On this date, 872 shares of common stock were withheld at $135.27 per share to cover tax obligations, leaving him with 74,248 shares held directly and 10 shares held indirectly in an IRA.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider McLaren John Bandini

Role President and COO

Type	Security	Shares	Price	Value
Tax Withholding	COMMON STOCK, $0.01 PAR VALUE	872	$135.27	$118K
holding	COMMON STOCK, $0.01 PAR VALUE	--	--	--

Holdings After Transaction: COMMON STOCK, $0.01 PAR VALUE — 74,248 shares (Direct); COMMON STOCK, $0.01 PAR VALUE — 10 shares (Indirect, Shares held in IRA)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

03/18/2026 - 10:42 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McLaren John Bandini

(Last)

(First)

(Middle)

27777 FRANKLIN ROAD

SUITE 300

(Street)

SOUTHFIELD

MICHIGAN

48034

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SUN COMMUNITIES INC [ SUI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
COMMON STOCK, $0.01 PAR VALUE	03/17/2026		F		872	D	$135.27	74,248	D
COMMON STOCK, $0.01 PAR VALUE								10	I	Shares held in IRA

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

Remarks:

	/s/ John B. McLaren	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Sun Communities (SUI) report for John Bandini McLaren?

Sun Communities reported that President and COO John Bandini McLaren had 872 common shares withheld to cover tax obligations. The Form 4 shows this as a tax-withholding disposition, not an open-market sale, under code F on the reported transaction date.

Was the Sun Communities (SUI) insider transaction an open-market sale?

No, the transaction was not an open-market sale. The Form 4 identifies it as a tax-withholding disposition of 872 shares at $135.27 per share, used to satisfy tax liabilities associated with equity compensation rather than a discretionary sale in the market.

How many Sun Communities (SUI) shares does John Bandini McLaren hold after this Form 4?

After the tax-withholding transaction, John Bandini McLaren directly holds 74,248 shares of Sun Communities common stock. The filing also shows an additional 10 shares held indirectly in an IRA, providing a view of both his direct and indirect ownership positions.

What does transaction code F mean in the Sun Communities (SUI) Form 4 filing?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 872 Sun Communities common shares were withheld at $135.27 per share to cover tax obligations tied to equity awards, rather than being sold on the open market.