Form 4: David Hekemian Reports Acquisition of First Real Estate Investment Trust Shares

Director David Hekemian reports acquiring 1,230 shares of First Real Estate Investment Trust of New Jersey common stock through an equity incentive plan award.

Summary

• On March 22, 2024, David Hekemian, a director of First Real Estate Investment Trust of New Jersey (FREVS), acquired 1,230 shares of common stock.
• The acquisition was part of an award under FREIT's Equity Incentive Plan of 1998, approved by the Board of Directors.
• Following the transaction, Mr. Hekemian directly owns 214,859 shares.
• He also indirectly owns shares through partnerships, LLCs, trusts, a foundation, and his spouse.
• Mr. Hekemian disclaims beneficial ownership of shares held by certain trusts, the foundation, his wife, and some partnerships, except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition by a director, neither particularly positive nor negative.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the ownership stake of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider ownership.

Key Dates