Southfield, MI, Sept. 19, 2025 (GLOBE NEWSWIRE) — Sun Communities, Inc. (NYSE: SUI) (the “Firm”), an actual property funding belief (“REIT”) that owns and operates, or has an curiosity in, manufactured housing (“MH”) and leisure car (“RV”) communities, at the moment introduced the granting of an fairness award to incoming Chief Executive Officer Charles D. Younger.
In keeping with the disclosures contained within the Firm’s Kind 8-Ok filed with the U.S. Securities and Change Fee on July 23, 2025, these shares can be granted exterior the Firm’s 2015 Equity Incentive Plan and can be absolutely vested upon issuance. This grant can be issued in accordance with New York Inventory Change Listed Firm Guide Rule 303A.08 as an inducement to Mr. Younger’s employment with the Firm.
The fairness award, authorised by the Compensation Committee of the Firm’s Board of Administrators, consists of shares of the Firm’s widespread inventory with an combination worth of $1,000,000, valued as of the date of the grant, which is anticipated to be Mr. Younger’s beginning date on the Firm, October 1, 2025.
About Sun Communities, Inc.
Sun Communities, Inc. is a REIT that, as of June 30, 2025, owned, operated, or had an curiosity in a portfolio of 501 developed properties comprising roughly 174,450 developed websites in the US, Canada, and the UK.
Cautionary Assertion Concerning Ahead-Wanting Statements
This press launch incorporates varied “forward-looking statements” inside the which means of the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Change Act of 1934, as amended (the “Change Act”), and the Firm intends that such forward-looking statements can be topic to the secure harbors created thereby. For this objective, any statements contained on this press launch that relate to expectations, beliefs, projections, future plans and techniques, developments or potential occasions or developments and comparable expressions regarding issues that aren’t historic information are deemed to be forward-looking statements. Phrases akin to “forecasts,” “intend,” “objective,” “estimate,” “anticipate,” “mission,” “projections,” “plans,” “predicts,” “potential,” “seeks,” “anticipates,” “ought to,” “might,” “could,” “will,” “designed to,” “foreseeable future,” “consider,” “scheduled,” “steerage”, “goal” and comparable expressions are meant to determine forward-looking statements, though not all ahead trying statements include these phrases. These forward-looking statements mirror the Firm’s present views with respect to future occasions and monetary efficiency, however contain recognized and unknown dangers, uncertainties and different elements, each common and particular to the issues mentioned in or integrated herein, a few of that are past the Firm’s management. These dangers, uncertainties and different elements could trigger the Firm’s precise outcomes to be materially totally different from any future outcomes expressed or implied by such forward-looking statements. Particulars of potential dangers that will have an effect on the Firm are described within the Firm’s periodic studies filed with the U.S. Securities and Change Fee, together with within the “Threat Elements” part of the Firm’s Annual Report on Kind 10-Ok for the 12 months ended December 31, 2024.
Readers are cautioned to not place undue reliance on these forward-looking statements, which converse solely as of the date the assertion was made. The Firm undertakes no obligation to publicly replace or revise any forward-looking statements included or integrated by reference into this doc, whether or not because of new info, future occasions, modifications within the Firm’s expectations or in any other case, besides as required by regulation.
Though the Firm believes that the expectations mirrored within the forward-looking statements are cheap, the Firm can’t assure future outcomes, ranges of exercise, efficiency or achievements. All written and oral forward-looking statements attributable to the Firm or individuals appearing on the Firm’s behalf are certified of their entirety by these cautionary statements.
For Additional Data on the Firm:
Fernando Castro-Caratini
Chief Monetary Officer
(248) 208-2500
www.suninc.com
