V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough
Real Estate

Sun Communities Executive Compensation (FY25)

SUI · Southfield, MI · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): May 18, 2026
271 figures on this page: 260 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Charles Young, CEO and Director, received $9,865,401 in total compensation for fiscal 2025, and for fiscal 2025, the company reported a chief executive pay ratio of 302:1. The say-on-pay proposal drew 93.7% support at the meeting held May 12, 2026 for fiscal 2025. The disclosed peer group names American Homes 4 Rent, AvalonBay Communities, Inc, Camden Property Trust, CubeSmart and Equity LifeStyle Properties, Inc., among others. For fiscal 2025, the company reported 6 named executive officers.
Chief executive, fiscal 2025
◇
Charles Young
Median of the other named officers
$6,628,536
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 12, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
CEO pay ratio: 49:1 → 302:1

Frequently asked questions

Answers drawn from the data on this page.
Who is Sun Communities' chief executive and what were they paid?
Charles Young, CEO and Director, received $9,865,401 in total compensation for fiscal 2025.
What was Sun Communities' say-on-pay result?
The say-on-pay proposal drew 93.7% support at the meeting held May 12, 2026 for fiscal 2025.
Which companies are in Sun Communities' peer group?
The disclosed peer group names American Homes 4 Rent, AvalonBay Communities, Inc, Camden Property Trust, CubeSmart and Equity LifeStyle Properties, Inc., among others.
What is Sun Communities' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 302:1.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gary Shiffman
Chairman and CEO
◇—◇—◇—◇◇
John McLaren
President
◇—◇—◇—◇◇
Fernando Castro-Caratini
Interim Chief Financial Officer, Executive Vice President, Secretary and Treasurer
Served on an interim basis
◇—◇—◇—◇◇
Bruce Thelen
Executive Vice President COO
◇—◇—◇—◇◇
Aaron Weiss
Executive Vice President of Corporate Strategy and Business Development
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gary Shiffman
Chairman and CEO
◇—◇—◇—◇◇
Fernando Castro-Caratini
Interim Chief Financial Officer, Executive Vice President, Secretary and Treasurer
Served on an interim basis
◇—◇—◇—◇◇
Bruce Thelen
Executive Vice President COO
◇—◇—◇—◇◇
Aaron Weiss
Executive Vice President of Corporate Strategy and Business Development
◇—◇—◇—◇◇
Marc Farrugia
Executive Vice President, Chief Administrative Officer
◇—◇—◇—◇◇
John McLaren
President
◇———◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Aaron Weiss
Executive Vice President of Corporate Strategy and Business Development
◇—◇—◇—◇◇
John McLaren
President
◇—◇—◇—◇◇
Bruce Thelen
Executive Vice President COO
◇—◇—◇—◇◇
Fernando Castro-Caratini
Interim Chief Financial Officer, Executive Vice President, Secretary and Treasurer
Served on an interim basis
◇—◇—◇—◇◇
Gary Shiffman
Chairman and CEO
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Gary Shiffman
Chairman of the Board and former CEO
Departed during or after this year
◇—◇—◇—◇◇
Charles Young
CEO and Director
◇—◇—◇—◇◇
Aaron Weiss
Executive Vice President and Chief Investment Officer
◇—◇—◇—◇◇
Fernando Castro-Caratini
Executive Vice President, CFO, Treasurer and Secretary
◇—◇—◇—◇◇
John McLaren
President and Chief Operating Officer
◇—◇—◇—◇◇
Marc Farrugia
Executive Vice President and Chief Administrative Officer
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Aaron WeissPSU◇— withheld◇—◇—◇
John McLarenPSU◇— withheld◇—◇—◇
Marc FarrugiaPSU◇— withheld◇—◇—◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Gary ShiffmanRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
John McLarenRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Aaron WeissRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Charles YoungRSU◇◇——
RSU◇◇——
Marc FarrugiaRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Fernando Castro-CaratiniRSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Meghan G. Baivier
Lead independent director
◇◇———◇◇
Clunet R. Lewis
◇◇———◇◇
Tonya Allen
◇◇———◇◇
Jeff T. Blau
◇◇———◇◇
Brian M. Hermelin
◇◇———◇◇
Craig A. Leupold
◇◇———◇◇
Jerome W. Ehlinger
◇◇———◇◇
Stephanie W. Bergeron
◇◇———◇◇
Mark A. Denien
◇◇———◇◇
Charles D. Young and Gary A. Shiffman served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • American Homes 4 Rent AMH
  • AvalonBay Communities, Inc AVB
  • Camden Property Trust CPT
  • CubeSmart CUBE
  • Equity LifeStyle Properties, Inc. ELS
  • Equity Residential EQR
  • Essex Property Trust, Inc. ESS
  • Extra Space Storage Inc. EXR
  • Federal Realty Investment Trust FRT
  • Invitation Homes, Inc. INVH
  • Mid-America Apartment Communities, Inc. MAA
  • UDR, Inc. UDR
  • Ventas, Inc. VTR

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 12, 2026=◇◇◇
2024May 13, 2025=◇◇◇
2023May 14, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 17, 2022=◇◇◇
2020May 19, 2021=◇◇◇
2019May 22, 2020=◇◇◇
2018May 21, 2019=◇◇◇
2017May 17, 2018=◇◇◇
2016May 18, 2017=◇◇◇
2015May 23, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Chief executive total compensation
◇
Email me this page as a cited PDF
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when Sun Communities files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact Sun Communities disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Sun Communities sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for a Velarion Pro seat
Full platform access for one person: every industry we cover, peer positioning, and the written analysis. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.
Join the list for Peer Group Review
Whether Sun Communities' disclosed peer group is defensible, who names Sun Communities back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
271 figures on this page: 260 cited to the filing that reported them, 11 calculated from figures it prints.
260 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000912593-26-000172
  2. 0000912593-26-000141
    CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · OUTSTANDING EQUITY AWARDS AT YEAR-END DECEMBER 31, 2025 · and 1 more section
  3. 0000912593-25-000176
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000912593-25-000147
    SUMMARY COMPENSATION TABLE
  5. 0000912593-24-000198
  6. 0000912593-24-000160
    SUMMARY COMPENSATION TABLE
  7. 0000912593-23-000182
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000912593-23-000148
    SUMMARY COMPENSATION TABLE
  9. 0000912593-22-000131
  10. 0000912593-21-000136
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000912593-20-000101
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000912593-19-000087
  13. 0000912593-18-000100
  14. 0000912593-17-000082
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0000912593-16-000188
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Sun Communities executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/SUI (accessed 2026).
Short form: data: Velarion
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about Sun Communities and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Sun Communities discloses

The companies named in SUI's own disclosed peer group.

American Homes 4 RentAvalonBay Communities, IncCamden Property TrustCubeSmartEquity LifeStyle Properties, Inc.Equity ResidentialEssex Property Trust, Inc.Extra Space Storage Inc.Federal Realty Investment TrustInvitation Homes, Inc.Mid-America Apartment Communities, Inc.UDR, Inc.Ventas, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy