Form 4: AMREP CORP. Director Edward B. Cloues, II Acquires Deferred Stock Units

Director Edward B. Cloues, II acquired 955 deferred stock units of AMREP CORP. on December 31, 2024.

Summary

• On December 31, 2024, Edward B. Cloues, II, a director of AMREP CORP., acquired 955 deferred stock units.
• These deferred stock units vest immediately upon grant and represent the right to receive one share of AMREP CORP.'s common stock each.
• The shares will be distributed within 30 days after the first day of the month following the director's termination of service.
• Following the transaction, Cloues directly owns 22,813.56 shares of AMREP CORP.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard disclosure of insider transactions.

Future Outlook

The acquired deferred stock units will be distributed as common stock within 30 days after the first day of the month following the director's termination of service.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's securities.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates