Form 4: AMREP Corp. VP of Finance and Accounting, Adrienne Uleau, Reports Stock Grant

Adrienne Uleau, VP of Finance and Accounting at AMREP Corporation, reports the acquisition of 1,890 shares of restricted common stock.

Summary

• On July 18, 2024, Adrienne Uleau, VP of Finance and Accounting at AMREP Corporation, acquired 1,890 shares of common stock.
• These shares were granted as restricted stock under the AMREP Corporation 2016 Equity Compensation Plan.
• Ms. Uleau now beneficially owns 6,224 shares of AMREP Corp.
• The restricted stock vests in three equal installments of 630 shares each on July 18, 2025, July 18, 2026, and July 18, 2027, contingent upon her continued employment with AMREP Corporation.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard equity compensation practice, aligning management interests with shareholders.

Positives

• The grant of restricted stock aligns Ms. Uleau's interests with those of the shareholders, incentivizing her to contribute to the company's long-term success.
• The vesting schedule encourages continued employment and commitment to AMREP Corporation.

Future Outlook

The vesting of the restricted stock is contingent upon Ms. Uleau's continued employment with AMREP Corporation.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The stock grant aligns the interests of the VP of Finance and Accounting with those of the shareholders.
• Employees may view this as a positive sign of investment in the company's leadership.

Key Dates