secwatch.observer — SEC 8-K summary
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Issuer:     SUN COMMUNITIES INC (SUI)
CIK:        0000912593
Form:       8-K
Filed at:   2025-12-16T23:59:59+00:00
Accession:  0000912593-25-000284
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sun Communities appoints Mark E. Patten as CFO, effective Jan 5, 2026; Castro-Caratini to advise
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- Mark E. Patten appointed CFO, EVP, Secretary and Treasurer, starting Jan 5, 2026.
- Patten receives $600k base salary, $3.5M retention equity (4-yr vest), and $2.3M cash bonus.
- Outgoing CFO Castro-Caratini will serve as Senior Adviser through June 30, 2026 at $45,833/mo; 50,200 restricted shares vest.
- Former CEO Gary Shiffman transition agreement provides $75k/mo through Mar 31, 2026; all 118,000 unvested shares vest Jan 2, 2026.
- Patten previously CFO of Essential Properties Realty Trust (EPRT), CTO Realty Growth, and Alpine Income Property Trust.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912593/000091259325000284/0000912593-25-000284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912593/000091259325000284/sui-20251211.htm
  HTML page:      https://secwatch.observer/filing/0000912593-25-000284

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer