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Sun Communities Executive Compensation (FY25)

SUI · Southfield, MI · Executive and director compensation, fiscal 2022 to 2025
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
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Data as of October 22, 2026Latest filing (8-K): May 18, 2026
15 filings cited on this page
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295 figures on this page: 284 cited to the filing that reported them, 11 calculated from figures it prints. See the citations

More on Sun Communities

Five data products on this company. Each one is requested through the developer setup page.
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, 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 AvalonBay Communities, Inc., Camden Property Trust, CubeSmart, Equity LifeStyle Properties, Inc. and Essex Property Trust, 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, against median employee compensation of $32,652.

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
Executive Vice President, CFO, Treasurer and Secretary
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
Executive Vice President, CFO, Treasurer and Secretary
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
Executive Vice President, CFO, Treasurer and Secretary
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 and former CEO
Departed during or after this year
◇—◇—◇—◇◇
Charles Young
CEO
◇—◇—◇—◇◇
Aaron Weiss
Executive Vice President, Chief Investment Officer
◇—◇—◇—◇◇
Fernando Castro-Caratini
Executive Vice President, CFO, Treasurer and Secretary
◇—◇—◇—◇◇
John McLaren
President and COO
◇—◇—◇—◇◇
Marc Farrugia
Executive Vice President, 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
Aaron WeissRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Gary ShiffmanRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
John McLarenRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Marc FarrugiaRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Charles YoungRSU◇◇——
RSU◇◇——
RSU◇◇——
Fernando Castro-CaratiniRSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Aaron Weiss
Executive Vice President, Chief Investment Officer · Employment agreement · citing a 2021 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇

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.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board equity retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Restricted Stock.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • AvalonBay Communities, Inc. AVB
  • Camden Property Trust CPT
  • CubeSmart CUBE
  • Equity LifeStyle Properties, Inc. ELS
  • 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
  • Public Manufactured Housing REITs symbol not shown
  • 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
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Charles Young (CEO), FY2025 total compensation $9,865,401 (base salary $218,725) [exec_comp, SEC accession 0000912593-26-000141, filed 2026-03-30]

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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 — $499
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.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
295 figures on this page: 284 cited to the filing that reported them, 11 calculated from figures it prints.
284 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000912593-26-000172
    Proposal 2 – Non-binding Advisory Vote on Executive Compensation: Shareholders approved the non-binding advisory vote on executive compensation, as follows: Votes For Votes Against Abstentions Broker
  2. 0000912593-26-000141
    CEO Pay Ratio · DIRECTOR COMPENSATION · Grants of Plan-Based Awards · Outstanding Equity Awards at Year-End December 31 · and 1 more section
  3. 0000912593-25-000176
    Proposal 2 – Non-binding Advisory Vote on Executive Compensation: Shareholders approved the non-binding advisory vote on executive compensation, as follows: Votes For Votes Against Abstentions Broker
  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. 0000912593-22-000131
  9. 0000912593-21-000136
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000912593-20-000101
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000912593-19-000087
  12. 0000912593-18-000100
  13. 0000912593-17-000082
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000912593-16-000188
  15. 0000912593-21-000211
    EX-10.27
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

The paid brief for Sun Communities

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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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.

AvalonBay Communities, Inc.Camden Property TrustCubeSmartEquity LifeStyle Properties, Inc.Essex 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

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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