Gary A. Shiffman, a director at Sun Communities Inc. (NASDAQ:SUI), recently executed a significant divestment of the company's common stock. The transaction was formally reported in a Form 4 filing submitted to the Securities and Exchange Commission, documenting a sale that took place on June 24, 2026.
Mr. Shiffman disposed of 25,031 shares of common stock during this transaction. The shares were sold at prices ranging from $119.75 to $120.05, resulting in a volume-weighted average price of $119.96 per share. The total monetary value of the shares sold amounted to $3,002,718.
This divestment occurs as Sun Communities trades near its 52-week low of $115.53, with the stock currently priced at $118.62. According to InvestingPro analysis, the company appears undervalued at these current levels. The platform offers 8 additional ProTips for SUI, along with a comprehensive Pro Research Report covering the company's financial health and growth prospects.
Following this transaction, Mr. Shiffman directly holds 857,761 shares of Sun Communities common stock. Additionally, he has indirect ownership of 6,278 shares held by his spouse and 86,800 shares held by an irrevocable trust. Mr. Shiffman serves as a trustee and a beneficiary of this trust, though he disclaims beneficial ownership of the securities held by the trust except to the extent of his pecuniary interest therein.
In other recent news, Sun Communities Inc. reported its Q1 2026 earnings, which revealed a significant miss in earnings per share (EPS) expectations. The company posted an EPS of -$0.07, falling short of the anticipated $0.26, marking a 126.92% decline. However, the company exceeded revenue expectations by reporting $507.9 million against a forecast of $473.48 million, a 7.27% surprise.
Furthermore, Sun Communities announced a strategic move to sell its UK assets, including the Park Holidays business, to funds affiliated with Aermont Capital for approximately $1.03 billion in an all-cash transaction. This sale is aimed at concentrating on its North American operations. Additionally, the company recently held its Annual Meeting of Shareholders, where nine directors were elected to serve until the 2027 Annual Meeting. In another development, Sun Communities appointed Ileana McAlary as General Counsel, Executive Vice President, and Secretary. McAlary joins from SpartanNash, where she held a similar executive role.
SunFollowAnalyze SUIIncluded in our AI-picked strategies·Review strategies119.01▼-0.92(-0.77%)Real-time Data·14:35:18·USD1D1W6M1Y5YMaxCreated with Highcharts 11.4.825/0616:0018:00116118120Analyze SUIThis article was generated with the support of AI and reviewed by an editor. For more information see our T&C.See the trade on SUI, but can't pull the trigger?Most traders can read a chart. The hard part is the moment: entry window open, pattern forming, and you're still waiting for more confirmation. That's the conviction gap — and our chart analysis closes it. Unlike other AIs that just read data, our Vision AI literally "sees" your charts and hands you a complete trading plan: entry, stop-loss, and profit target in under 60 seconds. Know exactly what to do next, every time.Try Chart Analysis for SUI