Sun Communities Management

Management criteria checks 2/4

Sun Communities' CEO is Gary Shiffman, appointed in Dec 2022, has a tenure of 1.42 years. total yearly compensation is $10.95M, comprised of 8.2% salary and 91.8% bonuses, including company stock and options. directly owns 0.8% of the company’s shares, worth R$617.31M. The average tenure of the management team and the board of directors is 1.9 years and 9.3 years respectively.

Key information

Gary Shiffman

Chief executive officer

US$10.9m

Total compensation

CEO salary percentage	8.2%
CEO tenure	1.4yrs
CEO ownership	0.8%
Management average tenure	1.9yrs
Board average tenure	9.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Gary Shiffman's remuneration changed compared to Sun Communities's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$194m
Dec 31 2023	US$11m	US$900k	-US$211m
Sep 30 2023	n/a	n/a	US$211m
Jun 30 2023	n/a	n/a	US$211m
Mar 31 2023	n/a	n/a	US$195m
Dec 31 2022	US$15m	US$900k	US$241m
Sep 30 2022	n/a	n/a	US$249m
Jun 30 2022	n/a	n/a	US$317m
Mar 31 2022	n/a	n/a	US$354m
Dec 31 2021	US$14m	US$852k	US$378m
Sep 30 2021	n/a	n/a	US$373m
Jun 30 2021	n/a	n/a	US$223m
Mar 31 2021	n/a	n/a	US$171m
Dec 31 2020	US$11m	US$521k	US$131m
Sep 30 2020	n/a	n/a	US$152m
Jun 30 2020	n/a	n/a	US$128m
Mar 31 2020	n/a	n/a	US$109m
Dec 31 2019	US$8m	US$692k	US$159m
Sep 30 2019	n/a	n/a	US$140m
Jun 30 2019	n/a	n/a	US$129m
Mar 31 2019	n/a	n/a	US$109m
Dec 31 2018	US$9m	US$692k	US$105m
Sep 30 2018	n/a	n/a	US$103m
Jun 30 2018	n/a	n/a	US$81m
Mar 31 2018	n/a	n/a	US$73m
Dec 31 2017	US$13m	US$692k	US$65m

Compensation vs Market: Gary's total compensation ($USD10.95M) is above average for companies of similar size in the BR market ($USD5.96M).

Compensation vs Earnings: Gary's compensation has been consistent with company performance over the past year.

CEO

Gary Shiffman (69 yo)

1.4yrs

Tenure

US$10,946,746

Compensation

Mr. Gary A. Shiffman is President of Sun Communities, Inc. from December 31, 2022,. He has been the Secretary of Bingham Financial Services Corp. since 1997 and as its Chairman of the Board since August 19...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gary Shiffman	Chairman	1.4yrs	US$10.95m	0.80% $ 617.3m
Fernando Castro-Caratini	Executive VP	2yrs	US$3.40m	0.039% $ 30.1m
Bruce Thelen	Executive VP & COO	1.4yrs	US$3.12m	0.039% $ 30.5m
Marc Farrugia	Executive VP & Chief Administrative Officer	1.9yrs	US$2.04m	0.032% $ 24.9m
Aaron Weiss	Executive Vice President of Corporate Strategy & Business Development	2.6yrs	US$2.82m	0.038% $ 29.3m
Baxter Underwood	Chief Executive Officer of Safe Harbor Marinas	7.3yrs	US$9.89m	0.053% $ 41.2m
John McLaren	Strategic Advisor of Residential Communities	1.4yrs	US$5.54m	0% $ 0

1.9yrs

Average Tenure

44yo

Average Age

Experienced Management: S2UI34's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Gary Shiffman	Chairman	31.3yrs	US$10.95m	0.80% $ 617.3m
Stephanie Bergeron	Independent Director	17yrs	US$423.74k	0.020% $ 15.6m
Ronald Klein	Independent Director	9.3yrs	US$428.74k	0.014% $ 10.8m
Clunet Lewis	Lead Independent Director	30.4yrs	US$443.74k	0.023% $ 17.6m
Arthur Weiss	Director	27.6yrs	US$393.74k	0.14% $ 105.0m
Brian Hermelin	Independent Director	10.3yrs	US$423.74k	0.020% $ 15.6m
Jeff Blau	Independent Director	1.3yrs	US$370.91k	0.0032% $ 2.5m
Craig Leupold	Independent Director	less than a year	no data	no data
Jerome Ehlinger	Independent Director	less than a year	no data	no data
Meghan Baivier	Independent Director	6.8yrs	US$423.74k	0.013% $ 10.0m
Tonya Allen	Independent Director	3.3yrs	US$393.74k	0.0058% $ 4.5m

9.3yrs

Average Tenure

62.5yo

Average Age

Experienced Board: S2UI34's board of directors are considered experienced (9.3 years average tenure).

Sun Communities Management

Management criteria checks 2/4

Key information

Recent management updates

Sun Communities, Inc. Appoints Jerry Ehlinger and Craig Leupold to Board of Directors

Sun Communities, Inc. Appoints Jeff Blau as an Independent Director

Sun Communities, Inc. Announces Executives Changes, Effective December 31, 2022

Sun Communities, Inc. Announces Executive Changes

Recent updates

Sun Communities, Inc. Revises Earnings Guidance for Full Year Ending December 31, 2024

Sun Communities, Inc. to Report Q1, 2024 Results on Apr 29, 2024

Sun Communities, Inc. Declares Quarterly Distribution on Common Stock for the First Quarter of 2024, Payable on April 15, 2024

Sun Communities, Inc. Increases Annual Distribution Rate for 2024

Sun Communities, Inc. Appoints Jerry Ehlinger and Craig Leupold to Board of Directors

Sun Communities, Inc. Declares Distribution for the Fourth Quarter of 2023, Payable on January 16, 2024

Sun Communities, Inc. Provides Earnings Guidance for Fourth Quarter Ending December 31, 2023

An unknown buyer agreed to acquire 10.25% stake in Ingenia Communities Group (ASX:INA) from Sun Communities, Inc. $100 million.

Sun Communities, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Sun Communities, Inc. Declares Distribution for the Third Quarter of 2023, Payable on October 16, 2023

Sun Communities, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Sun Communities, Inc. Appoints Jeff Blau as an Independent Director

Sun Communities, Inc. to Report Q4, 2022 Results on Feb 22, 2023

Sun Communities, Inc. Provides Earnings Guidance for the Fourth Quarter of 2022

Sun Communities, Inc. Announces Executives Changes, Effective December 31, 2022

Sun Communities, Inc. to Report Q3, 2022 Results on Oct 24, 2022

Sun Communities, Inc. Provides Earnings Guidance for the Third Quarter of 2022

Sun Communities, Inc. to Report Q2, 2022 Results on Jul 25, 2022

Sun Communities, Inc. (NYSE:SUI) acquired Property at New Beach - Kent UK.

Sun Communities, Inc. Revises Earnings Guidance for the Full Year of 2022

Sun Communities, Inc. Announces Executive Changes

Sun Communities, Inc. Declares Quarterly Distribution for the First Quarter of 2022, Payable on April 15, 2022

Sun Communities, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2022

Sun Communities, Inc. Announces Distribution Increase, Payable on April 2022

Sun Communities, Inc. Declares Quarterly Distribution for the Second Quarter of 2021, Payable on July 15, 2021

Sun Communities, Inc. Revises Earnings Guidance for the Fiscal Year 2021

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age