Sun Communities, Inc. (NYSE: SUI) announced key governance updates approved by its Board of Directors on February 13, 2025. The company adopted a new indemnification agreement to provide enhanced legal protections for directors and officers, replacing the previous indemnification agreement. This agreement ensures maximum indemnification as permitted by Maryland law, including covering certain expenses incurred by directors and officers in legal proceedings related to their service.

Additionally, Sun Communities revised its code of conduct and business ethics, enhancing ethical standards, clarifying reporting procedures for ethics violations, and implementing technical amendments. The revised code is now available on the company’s website.

The Board also approved a revised insider trading policy, which outlines updated guidelines on securities transactions for directors, officers, and employees.

These governance updates reinforce Sun Communities’ commitment to corporate compliance, ethical business practices, and transparent leadership. The updated policies and agreements are publicly accessible through the company’s governance webpage.