Stock Repurchase Program


 

Effective May 27, 2026, the Board of Directors of Sun Communities, Inc. (the "Company") authorized a stock repurchase program (the "Stock Repurchase Program") under which the Company may repurchase up to $1 billion of its common stock through May 27, 2027. The Stock Repurchase Program renews the Company's previous stock repurchase program and provides the Company with continued flexibility to repurchase shares of its common stock.


 

Under the Stock Repurchase Program, the Company may repurchase shares of its common stock from time to time in open market transactions, through privately negotiated transactions, through one or more accelerated repurchases, or otherwise, in accordance with the terms set forth in Rule 10b5-1 and Rule 10b-18 of the Exchange Act and other applicable legal requirements. The extent to which the Company repurchases shares of its common stock and the timing of such repurchases will depend on market conditions and other considerations as may be considered in the Company's sole discretion. The Stock Repurchase Program does not obligate the Company to repurchase any specific number of shares of its common stock and there is no guarantee as to the exact number of shares of common stock that will be repurchased by the Company. The Company may initiate, suspend or discontinue purchases under the Stock Repurchase Program at any time. Furthermore, the Stock Repurchase Program may be modified, suspended or terminated at any time without prior notice.