Sun Communities, Inc. announced on September 19, 2025, the granting of an equity award to its incoming Chief Executive Officer, Charles D. Young. This award is consistent with disclosures made in the company’s Form 8-K filed on July 23, 2025.
The equity award consists of shares of the company’s common stock with an aggregate value of $1,000,000. The value is determined as of Mr. Young’s starting date at the company, which is October 1, 2025.
These shares will be fully vested upon issuance and are granted outside the company’s 2015 Equity Incentive Plan. The award serves as an inducement to Mr. Young’s employment with Sun Communities, in accordance with New York Stock Exchange Listed Company Manual Rule 303A.08.
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