Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-10-02

Sun Communities Inc. (SUI)

CEO Charles Young was paid $9,865,401 in fiscal year 2025, the 45th percentile of its disclosed peer group (SEC filing 0000912593-26-000141 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$12,549,984
Gary Shiffman total, FY2025
Chairman and former CEO — highest-paid officer; CEO Charles Young: $9,865,401
45th
CEO (Charles Young) pay percentile vs peers
302:1
CEO-to-median pay ratio
93.71%
Say-on-pay support, latest vote

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SUI's next annual pay disclosure, estimated March 28, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Gary Shiffman$900,000$0$7,354,948$0$3,300,000$0$995,036$12,549,984
Chairman and former CEO
Charles Young218,72507,921,66101,725,0000159,865,401
CEO
Aaron Weiss575,00004,256,02002,150,0000483,5537,464,573
Executive Vice President, Chief Investment Officer
Fernando Castro-Caratini550,00003,882,97201,800,0000395,5646,628,536
Executive Vice President, CFO, Treasurer and Secretary
John McLaren600,00003,797,38701,350,0000520,5986,267,985
President and COO
Marc Farrugia506,44503,530,58301,700,0000336,9006,073,929
Executive Vice President, Chief Administrative Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Gary Shiffman$12,549,984$1,968,121$10,946,746↑ +10,581,863
Charles Young9,865,401———
Aaron Weiss7,464,5733,381,7832,817,863↑ +4,082,790
Fernando Castro-Caratini6,628,5362,422,5773,401,130↑ +4,205,959
John McLaren6,267,9853,262,866639,987↑ +3,005,119
Marc Farrugia6,073,929—2,038,066—

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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$12,549,984 Gary Shiffman total, FY2025

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Data as of October 2, 2026 · Source: 0000912593-26-000141 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

Reports for SUI

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Executive Compensation ReportThe free page is the headline figures. The report is every award, peer and vote combined into one document you can hand to a committee.$1,500 →Reverse Peer AnalysisThe free page is the one line. The analysis reads every company that names this one in its own peer group.$299 →Peer Teardown ReportThe free page is the headline. The teardown reads every company in the disclosed peer group on its own numbers.$199 →
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Companies that benchmark against SUI
12 companies name SUI as a compensation peer

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Brian M. HermelinIndependent Director$334,367
Clunet R. LewisIndependent Director$353,938
Craig A. LeupoldIndependent Director$310,222
Jeff T. BlauIndependent Director$335,296
Jerome W. EhlingerIndependent Director$300,302
Mark A. DenienIndependent Director$209,533
Meghan G. BaivierLead Independent Director$364,377
Stephanie W. BergeronFormer director (through FY2025)$244,396
Tonya AllenIndependent Director$335,421
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
John McLarenPresident and COO2026-05-26D910$0$0CommonForm 4 ↗
Fernando Castro-CaratiniEVP, CFO, Sec. & Treas.2026-05-26D21,2611242,644,231CommonForm 4 ↗
Fernando Castro-CaratiniEVP, CFO, Sec. & Treas.2026-05-26D2,489125311,050CommonForm 4 ↗
John McLarenPresident and COO2026-05-26D20900CommonForm 4 ↗
Gary A. ShiffmanDirector2026-06-24D25,0311203,002,719CommonForm 4 ↗
Ileana McAlaryEVP, General Counsel, & Sec.2026-06-29A6,90500Derivative, Class A CommonForm 4 ↗
Ileana McAlaryEVP, General Counsel, & Sec.2026-06-29A2,722121329,988CommonForm 4 ↗
Marc FarrugiaEVP & Chief Admin. Officer2026-07-21D1,234119146,895CommonForm 4 ↗
Aaron WeissEVP, Chief Investment Officer2026-07-21D2,652119315,694CommonForm 4 ↗
Brian P. LoftusSVP, CAO, Controller2026-07-21D21411925,475CommonForm 4 ↗
John McLarenPresident and COO2026-07-21D41811949,759CommonForm 4 ↗
Robert GarechanaEVP, CFO, & Treasurer2026-09-08A16,25500Derivative, Class A CommonForm 4 ↗
Robert GarechanaEVP, CFO, & Treasurer2026-09-08A6,374118749,901CommonForm 4 ↗
Charles D. YoungDirector2026-10-01D3,393110373,230CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Aaron WeissPSU2025-07-21721—21$15,253
John McLarenPSU2025-07-21721—214,788
Marc FarrugiaPSU2025-07-21721—2114,147
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Aaron Weiss$0$15,253$0100.0%
John McLaren04,7880100.0%
Marc Farrugia014,1470100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Aaron WeissRSU15,253—$1,889,999
Gary ShiffmanRSU45,000—5,575,950
Gary ShiffmanRSU6,800—842,588
John McLarenRSU16,000—1,982,560
John McLarenRSU56,788—6,349,272
Marc FarrugiaRSU4,800—594,768
Gary ShiffmanRSU1,600—198,256
Charles YoungRSU27,626—2,790,200
Gary ShiffmanRSU13,600—1,685,176
Fernando Castro-CaratiniRSU15,000—1,858,650
Fernando Castro-CaratiniRSU9,000—1,115,190
John McLarenRSU2,000—247,820
Charles YoungRSU58,754—6,647,270
Aaron WeissRSU12,000—1,211,988
Gary ShiffmanRSU118,000—14,621,380
Marc FarrugiaRSU55,247—5,436,539
Aaron WeissRSU5,440—674,070
John McLarenRSU4,788—593,281
Aaron WeissRSU66,911—6,380,100
John McLarenRSU30,000—3,029,971
Charles YoungRSU31,128—3,857,070
Gary ShiffmanRSU12,000—1,486,920
Gary ShiffmanRSU18,000—2,230,380
Fernando Castro-CaratiniRSU6,000—743,460
Marc FarrugiaRSU2,400—297,384
Marc FarrugiaRSU14,147—1,752,955
Aaron WeissRSU8,000—991,280
Marc FarrugiaRSU400—49,564
Marc FarrugiaRSU6,000—743,460
Aaron WeissRSU10,200—743,163
Marc FarrugiaRSU9,000—655,732
John McLarenRSU4,000—495,640
Aaron WeissRSU3,600—446,076
Gary ShiffmanRSU3,000—371,730
Aaron WeissRSU2,298—284,745
Aaron WeissRSU1,120—138,779
Marc FarrugiaRSU1,100—136,301
05

Incentive-plan design — the Compensation Discussion & Analysis

The primary objectives of our executive compensation program are to attract and retain a skilled executive team to manage, lead, and direct our personnel and capital to obtain the best possible economic results.

CEO STI target (% of salary)150%
CEO LTI target (% of salary)—
Independent consultantFerguson Partners Consulting, LP
Clawback policytrue
Anti-hedgingtrue
Anti-pledging—
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-12105,847,0227,109,56116,12193.71%Passed
20252025-05-13110,688,5676,290,68984,65594.62%Passed
20242024-05-14102,828,7588,946,97159,60792%Passed
20232023-05-1691,375,03717,284,28236,42584.06%Passed
20222022-05-1793,584,1125,619,227287,47094.34%Passed
20212021-05-1987,093,6797,229,465101,34192.34%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1293.71%a
20252025-05-1394.62%b
20242024-05-1492%c

a. Approved under the standard stated in the filing — “Abstentions will not be counted as votes cast for the say-on-pay proposal and do not represent votes cast for or against the advisory approval of the proposal.”.

b. Approved under the standard stated in the filing — “Abstentions will not be counted as votes cast for the say-on-pay proposal and do not represent votes cast for or against the advisory approval of the proposal.”.

c. Approved under the standard stated in the filing — “Abstentions will not be counted as votes cast for the say-on-pay proposal and do not represent votes cast for or against the advisory approval of the proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)302 : 1
CEO total compensation$9,865,401
Median employee compensation$32,652
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Meghan G. BaivierIndependent · Lead Independent Director · Compensation (Chair) · Executive · Audit · Nominating/Governance$123,483$196,224——$44,670$364,377
Clunet R. LewisIndependent · Compensation · Audit · Executive113,044196,224——44,670353,938
Tonya AllenIndependent · Compensation · NCG (Chair) · Nominating/Governance (Chair)94,527196,224——44,670335,421
Jeff T. BlauIndependent · Compensation · Capital Allocation (Chair)96,000196,224——43,072335,296
Brian M. HermelinIndependent · Compensation · Capital Allocation · NCG93,473196,224——44,670334,367
Craig A. LeupoldIndependent · Audit · Capital Allocation · Nominating/Governance86,846196,224——27,152310,222
Jerome W. EhlingerIndependent · Audit · NCG · Nominating/Governance92,846196,224——11,232300,302
Stephanie W. BergeronIndependent · Audit · Nominating/Governance · Departed during FY37,550196,224——10,622244,396
Mark A. DenienIndependent · Audit · Partial-year service53,077149,160——7,296209,533
Charles D. YoungEmployee director · Executive · Partial-year service—————0
Gary A. ShiffmanEmployee director · Board Chair · Executive—————0
09

Board fee structure and ownership guideline

Annual cash retainer—
Annual equity retainer$196,224
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)24,000 / 18,000 / 18,000
Stock ownership guideline$1,569,792
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$790,846
Equity awards (grant-date value)$1,718,952
All other compensation$278,054
Total cost of the board$2,787,852

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Sun Communities Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Sun Communities Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Ventas, Inc.2025Debra Cafaro$1,162,720$12,015,051$0$4,087,303$17,501,073
2Extra Space Storage Inc.2025Joseph Margolis940,00011,138,71501,616,21314,186,887
3Invitation Homes, Inc.2025Dallas Tanner1,000,00010,965,04602,108,00014,096,335
4Essex Property Trust, Inc.2025Angela Kleiman944,5204,733,25404,362,21010,096,804
5UDR, Inc.2025Thomas Toomey900,0009,010,120009,933,438
6Federal Realty Investment Trust2025Donald Wood1,000,0007,554,43401,350,0009,929,147
7Sun Communities Inc.2025Charles Young218,7257,921,66101,725,0009,865,401
8AvalonBay Communities, Inc.2025Benjamin Schall1,000,0006,319,735482,3651,815,5409,663,500
9CubeSmart2025Christopher Marr920,0003,679,9651,839,9972,523,6579,177,452
10Mid-America Apartment Communities, Inc.2025A. Bradley Hill712,0193,412,409—1,183,9005,453,480
11Camden Property Trust2025Alexander Jessett646,5963,010,54801,491,0315,151,175
12Equity LifeStyle Properties, Inc.2025Marguerite Nader683,2381,814,22201,492,4574,003,917

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Sun Communities Inc.not disclosedPSU 60 · RSU 40Yes — Relative TSR vs. MSCI US REIT IndexFerguson Partners Consulting, LP
AvalonBay Communities, Inc.104.8%PSU 100NoFerguson Partners Consulting L.P.
Camden Property Trustnot disclosedPSU 100Yes — Total Shareholder Return (TSR)CBIZ Talent and Compensation Solutions
CubeSmart157%PSU 33 · RSU 33 · Options 33NoFerguson Partners
Equity LifeStyle Properties, Inc.63%RSU 100NoFerguson Partners
Essex Property Trust, Inc.153%PRSU 85 · RSU 15Yes — Relative TSR to Nareit Apartment IndexMercer LLC
Extra Space Storage Inc.98.25%PSU 75 · RSU 25Yes — Relative TSRMeridian
Federal Realty Investment Trust120%not disclosedNoSemler Brossy Consulting Group
Invitation Homes, Inc.105.4%PSU 75 · RSU 25Yes — TSR Relative to RMS Index CAGRFerguson Partners Consulting
Mid-America Apartment Communities, Inc.not disclosedPSU 80 · RSU 20Yes — Compounded Annualized Three-Year Relative Total Shareholder Return (TSR)Pearl Meyer
UDR, Inc.not disclosedPSU 100Yes — Relative cumulative TSR versus apartment peersFPL Associates
Ventas, Inc.352%PSU 70 · RSU 30Yes — TSR Relative to the Nareit Health Care IndexSemler Brossy

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Sun Communities Inc. in fiscal 2025?
As disclosed, Gary Shiffman (Chairman and former CEO) was the highest-paid executive at Sun Communities Inc. in fiscal 2025, with total compensation of $12,549,984.
How does Sun Communities Inc.'s chief executive pay compare to its disclosed peer group?
As disclosed, Charles Young's total compensation ranked at the 45th percentile of Sun Communities Inc.'s disclosed peer group.
What is Sun Communities Inc.'s CEO-to-median employee pay ratio?
As disclosed, Sun Communities Inc.'s CEO-to-median employee pay ratio was 302:1.
How did shareholders vote on Sun Communities Inc.'s executive compensation?
As disclosed, 93.71% of shareholders supported Sun Communities Inc.'s executive compensation in the latest say-on-pay vote.
How much does Sun Communities Inc. spend in total on board compensation for fiscal 2025?
As disclosed, Sun Communities Inc. reported total board compensation of $2,787,852 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Gary ShiffmanDEF 14A2026-03-300000912593-26-000141Section “Summary Compensation Table” · page 82. As printed: 12,549,984. Filing ↗machine: span 1520986–1520996
2Section 01, Charles YoungDEF 14A2026-03-300000912593-26-000141Section “Summary Compensation Table” · page 82. As printed: 9,865,401. Filing ↗machine: span 1532781–1532790
3Section 01, Aaron WeissDEF 14A2026-03-300000912593-26-000141Section “Summary Compensation Table” · page 82. As printed: 7,464,573. Filing ↗machine: span 1573384–1573393
4Section 01, Fernando Castro-CaratiniDEF 14A2026-03-300000912593-26-000141Section “Summary Compensation Table” · page 82. As printed: 6,628,536. Filing ↗machine: span 1548829–1548838
5Section 01, John McLarenDEF 14A2026-03-300000912593-26-000141Section “Summary Compensation Table” · page 82. As printed: 6,267,985. Filing ↗machine: span 1537060–1537069
6Section 01, Marc FarrugiaDEF 14A2026-03-300000912593-26-000141Section “Summary Compensation Table” · page 82. As printed: 6,073,929. Filing ↗machine: span 1560296–1560305
7Section 03, Aaron Weiss PSUDEF 14A2026-03-300000912593-26-000141Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t162 · r5 · c3 · span 1309714–1309716
8Section 03, John McLaren PSUDEF 14A2026-03-300000912593-26-000141Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t162 · r3 · c5 · span 1305239–1305244
9Section 03, Marc Farrugia PSUDEF 14A2026-03-300000912593-26-000141Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t162 · r4 · c3 · span 1307169–1307171
10Section 07, pay ratioDEF 14A2026-03-300000912593-26-000141Section “CEO Pay Ratio”. As printed: 302 : 1. Filing ↗machine: span 1763069–1763072
11Section 08, Meghan G. BaivierDEF 14A2026-03-300000912593-26-000141Section “Director Compensation”. As printed: 364,377. Filing ↗machine: span 728273–728409
12Section 08, Clunet R. LewisDEF 14A2026-03-300000912593-26-000141Section “Director Compensation”. As printed: 353,938. Filing ↗machine: span 756685–756821
13Section 08, Tonya AllenDEF 14A2026-03-300000912593-26-000141Section “Director Compensation”. As printed: 335,421. Filing ↗machine: span 723682–723818
14Section 08, Jeff T. BlauDEF 14A2026-03-300000912593-26-000141Section “Director Compensation”. As printed: 335,296. Filing ↗machine: span 737800–737936
15Section 08, Brian M. HermelinDEF 14A2026-03-300000912593-26-000141Section “Director Compensation”. As printed: 334,367. Filing ↗machine: span 742504–742640
16Section 08, Craig A. LeupoldDEF 14A2026-03-300000912593-26-000141Section “Director Compensation”. As printed: 310,222. Filing ↗machine: span 752007–752143
17Section 08, Jerome W. EhlingerDEF 14A2026-03-300000912593-26-000141Section “Director Compensation”. As printed: 300,302. Filing ↗machine: span 747200–747336
18Section 08, Stephanie W. BergeronDEF 14A2026-03-300000912593-26-000141Section “Director Compensation”. As printed: 244,396. Filing ↗machine: span 732867–733003
19Section 08, Mark A. DenienDEF 14A2026-03-300000912593-26-000141Section “Director Compensation”. As printed: 209,533. Filing ↗machine: span 761355–761491
20Section 08, Charles D. YoungDEF 14A2026-03-300000912593-26-000141Section “Director Compensation”. As printed: 0. Filing ↗
21Section 08, Gary A. ShiffmanDEF 14A2026-03-300000912593-26-000141Section “Director Compensation”. As printed: 0. Filing ↗
22Section 02, John McLaren 2026-05-26Form 42026-05-260000912593-26-000185Insider equity transaction reported since the proxy statement. Filing ↗
23Section 02, Fernando Castro-Caratini 2026-05-26Form 42026-05-270000912593-26-000190Insider equity transaction reported since the proxy statement. Filing ↗
24Section 02, Fernando Castro-Caratini 2026-05-26Form 42026-05-270000912593-26-000190Insider equity transaction reported since the proxy statement. Filing ↗
25Section 02, John McLaren 2026-05-26Form 42026-05-260000912593-26-000185Insider equity transaction reported since the proxy statement. Filing ↗
26Section 02, Gary A. Shiffman 2026-06-24Form 42026-06-250000912593-26-000203Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Ileana McAlary 2026-06-29Form 42026-07-010000912593-26-000215Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Ileana McAlary 2026-06-29Form 42026-07-010000912593-26-000215Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Marc Farrugia 2026-07-21Form 42026-07-230000912593-26-000227Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Aaron Weiss 2026-07-21Form 42026-07-220000912593-26-000222Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Brian P. Loftus 2026-07-21Form 42026-07-220000912593-26-000223Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, John McLaren 2026-07-21Form 42026-07-220000912593-26-000225Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Robert Garechana 2026-09-08Form 42026-09-090000912593-26-000252Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Robert Garechana 2026-09-08Form 42026-09-090000912593-26-000252Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Charles D. Young 2026-10-01Form 42026-10-020000912593-26-000264Insider equity transaction reported since the proxy statement. Filing ↗
36Section 06, 2026 voteForm 8-K2026-05-180000912593-26-000172Item 5.07 · say-on-pay result. As reported: 93.71% (votes for as printed: 105,847,022). Filing ↗
37Section 06, 2025 voteForm 8-K2025-05-150000912593-25-000176Item 5.07 · say-on-pay result. As reported: 94.62% (votes for as printed: 110,688,567). Filing ↗
38Section 06, 2024 voteForm 8-K2024-05-150000912593-24-000198Item 5.07 · say-on-pay result. As reported: 92% (votes for as printed: 102,828,758). Filing ↗
39Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
40Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
41Section 09b board cost (computed)Computed——Cash 790,846 + equity 1,718,952 + all other 278,054 = 2,787,852, summed across the director compensation table rows.machine: formula: Σ = 2,787,852
42Ventas, Inc., Section 10b CEO totalDEF 14A2026-04-010000740260-26-000010CEO total compensation as printed in Ventas, Inc.'s own proxy. As printed: 17,501,073. Filing ↗machine: r2 · c42 · span 1775799–1775810
43Extra Space Storage Inc., Section 10b CEO totalDEF 14A2026-04-010001289490-26-000027CEO total compensation as printed in Extra Space Storage Inc.'s own proxy. As printed: 14,186,887. Filing ↗machine: r2 · c21 · span 521873–521883
44Invitation Homes, Inc., Section 10b CEO totalDEF 14A2026-03-260001193125-26-126310CEO total compensation as printed in Invitation Homes, Inc.'s own proxy. As printed: 14,096,335. Filing ↗machine: t266 · r3 · c39 · span 1039962–1039973
45Essex Property Trust, Inc., Section 10b CEO totalDEF 14A2026-03-270000920522-26-000011CEO total compensation as printed in Essex Property Trust, Inc.'s own proxy. As printed: 10,096,804. Filing ↗machine: r2 · c21 · span 1017592–1017602
46UDR, Inc., Section 10b CEO totalDEF 14A2026-04-020000074208-26-000037CEO total compensation as printed in UDR, Inc.'s own proxy. As printed: 9,933,438. Filing ↗machine: t322 · r11 · c18 · span 3007170–3007179
47Federal Realty Investment Trust, Section 10b CEO totalDEF 14A2026-03-270001193125-26-127642CEO total compensation as printed in Federal Realty Investment Trust's own proxy. As printed: 9,929,147. Filing ↗machine: t136 · r3 · c27 · span 657645–657654
48Sun Communities Inc. (subject), Section 10b CEO totalDEF 14A2026-03-300000912593-26-000141CEO total compensation as printed in Sun Communities Inc.'s own proxy. As printed: 9,865,401. Filing ↗machine: span 1532781–1532790
49AvalonBay Communities, Inc., Section 10b CEO totalDEF 14A2026-04-060001104659-26-039943CEO total compensation as printed in AvalonBay Communities, Inc.'s own proxy. As printed: 9,663,500. Filing ↗machine: t263 · r9 · c18 · span 1661086–1661095
50CubeSmart, Section 10b CEO totalDEF 14A2026-04-030001104659-26-039457CEO total compensation as printed in CubeSmart's own proxy. As printed: 9,177,452. Filing ↗
51Mid-America Apartment Communities, Inc., Section 10b CEO totalDEF 14A2026-04-060001140361-26-013212CEO total compensation as printed in Mid-America Apartment Communities, Inc.'s own proxy. As printed: 5,453,480. Filing ↗
52Camden Property Trust, Section 10b CEO totalDEF 14A2026-03-270001628280-26-021581CEO total compensation as printed in Camden Property Trust's own proxy. As printed: 5,151,175. Filing ↗machine: span 767748–767757
53Equity LifeStyle Properties, Inc., Section 10b CEO totalDEF 14A2026-03-170001628280-26-018799CEO total compensation as printed in Equity LifeStyle Properties, Inc.'s own proxy. As printed: 4,003,917. Filing ↗machine: span 504578–504587
54Section 10a, Invitation Homes, Inc. reciprocityDEF 14A—0001193125-26-126310Invitation Homes, Inc. names Sun Communities Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
55Section 10a, Equity LifeStyle Properties, Inc. reciprocityDEF 14A—0001628280-26-018799Equity LifeStyle Properties, Inc.'s most recent proxy was read; its disclosed peer group does not include Sun Communities Inc.. Filing ↗
56Section 10a, Ventas, Inc. reciprocityDEF 14A—0000740260-26-000010Ventas, Inc.'s most recent proxy was read; its disclosed peer group does not include Sun Communities Inc.. Filing ↗
57Section 10a, UDR, Inc. reciprocityDEF 14A—0000074208-26-000037UDR, Inc. names Sun Communities Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
58Section 10a, Camden Property Trust reciprocityDEF 14A—0000906345-25-000014Camden Property Trust names Sun Communities Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
59Section 10a, Extra Space Storage Inc. reciprocityDEF 14A—0001289490-26-000027Extra Space Storage Inc. names Sun Communities Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
60Section 10a, Federal Realty Investment Trust reciprocityDEF 14A—0001193125-25-066328Federal Realty Investment Trust's most recent proxy was read; its disclosed peer group does not include Sun Communities Inc.. Filing ↗
61Section 10a, Essex Property Trust, Inc. reciprocityDEF 14A—0000920522-26-000011Essex Property Trust, Inc. names Sun Communities Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
62Section 10a, CubeSmart reciprocityDEF 14A—0001104659-26-039457CubeSmart names Sun Communities Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗

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