Bruce Thelen - 21 Jul 2025 Form 4 Insider Report for SUN COMMUNITIES INC (SUI)

Role: EVP, COO
Signature: Bruce Thelen
Issuer symbol: SUI
Transactions as of: 21 Jul 2025
Transactions value $: $1,499,344
Form type: 4
Filing time: 23 Jul 2025, 16:42:00 UTC
Previous filing: 10 Mar 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Thelen Bruce	EVP, COO	27777 FRANKLIN ROAD, SUITE 300, SOUTHFIELD	Bruce Thelen	23 Jul 2025	0001813567

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SUI	COMMON STOCK, $0.01 PAR VALUE	Award	$1.5M	+12K	+21.63%	$125.06	67.4K	21 Jul 2025	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares of the Company's restricted stock were issued to the Reporting Person as a retention bonus under a retention program covering various executives and key employees of the Company. The retention bonuses under this program were issued as an additional incentive to retain the recipients' services through the period of transition in the Company's Chief Executive Officer position and beyond and to continue to promote the Company's success. These shares are subject to time vesting and vest as follows: 2,398 shares vest on July 21, 2026; 2,398 shares vest on July 21, 2027; 2,398 shares vest on July 21, 2028; 2,398 shares vest on July 21, 2029; and 2,397 shares vest on July 21, 2030.

Content

These shares of the Company's restricted stock were issued to the Reporting Person as a retention bonus under a retention program covering various executives and key employees of the Company. The retention bonuses under this program were issued as an additional incentive to retain the recipients' services through the period of transition in the Company's Chief Executive Officer position and beyond and to continue to promote the Company's success. These shares are subject to time vesting and vest as follows: 2,398 shares vest on July 21, 2026; 2,398 shares vest on July 21, 2027; 2,398 shares vest on July 21, 2028; 2,398 shares vest on July 21, 2029; and 2,397 shares vest on July 21, 2030.