Form 4: Director Aslanian Exercises Options and Disposes of Shares in First Real Estate Investment Trust of New Jersey
SEC Form 4
Richard Aslanian, a director of First Real Estate Investment Trust of New Jersey, exercised options to acquire 3,800 shares at $8 and disposed of 3,800 shares on October 18, 2024.
Summary
- On October 18, 2024, Richard Aslanian, a director of First Real Estate Investment Trust of New Jersey (FREVS), exercised options to purchase 3,800 shares of common stock at $8 per share.
- Concurrently, Aslanian disposed of 3,800 shares.
- Following these transactions, Aslanian beneficially owns 53,000 shares of FREVS.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency to investors regarding the actions of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| July 1, 2021 | First Real Estate Investment Trust of New Jersey reincorporated from a New Jersey real estate investment trust to a Maryland corporation. |
| May 3, 2019 | 3,800 shares underlying the option vested. |
| May 3, 2020 | 3,800 shares underlying the option vested. |
| May 3, 2021 | 3,800 shares underlying the option vested. |
| May 3, 2022 | 3,800 shares underlying the option vested. |
| May 3, 2023 | 3,800 shares underlying the option vested. |
| 10/18/2024 | Director Aslanian exercised options and disposed of shares. |
| 05/02/2028 | Expiration date of the option to purchase. |
| 10/21/2024 | Date of signature of the Form 4 filing. |
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