SUN COMMUNITIES INC (SUI) Form 8-K — Aug 25, 2026
Sun Communities (NYSE: SUI) appointed Robert A. Garechana as its new Chief Financial Officer, Executive Vice President, and Treasurer, effective September 8, 2026, according to an 8-K filed August 25, 2026. Garechana, 47, joins from Equity Residential, where he has served as EVP and Chief Investment Officer since 2025 after roughly seven years as that REIT's CFO (2018-2025) and a decade as its Treasurer. His five-year employment agreement carries a $625,000 base salary, a target bonus of 150% of salary, and a $2.5 million sign-on restricted stock grant (30% time-vesting, 70% performance-vesting), plus a $100,000 relocation bonus.
Key figures
- Cfo start date
- 2026-09-08
- Base salary usd
- 625000
- Non compete months
- 18
- Severance multiple
- 1.5x base salary plus target bonus (without cause / good reason)
- Relocation bonus usd
- 100000
- Employment term years
- 5
- Sign on equity value usd
- 2500000
- Target bonus pct of base
- 150
- Advisory transition through
- 2026-10-31
- Sign on equity time vest pct
- 30
- Sign on equity performance vest pct
- 70
- Change in control severance multiple
- 2x base salary plus target bonus
Price after filing
Close on the filing date to close N calendar days later (from $125.94). Historical, not a forecast.
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