Form 4: Robert Hekemian Jr., Director and CEO of First Real Estate Investment Trust of New Jersey, Reports Acquisition of Shares

Robert Hekemian Jr., Director and CEO of First Real Estate Investment Trust of New Jersey, reports acquiring 1,230 shares of common stock and discloses beneficial ownership of a significant number of shares through various trusts and partnerships.

Summary

• On March 22, 2024, Robert S. Hekemian Jr., the Director and CEO of First Real Estate Investment Trust of New Jersey (FREVS), acquired 1,230 shares of common stock.
• The shares were awarded under FREIT's Equity Incentive Plan of 1998.
• Following the transaction, Mr. Hekemian directly owns 218,196 shares.
• He also has indirect ownership through trusts, partnerships, and his spouse.
• The total indirect ownership includes 25,458 shares held in trust for which Mr. Hekemian is a beneficiary, 11,000 shares held by trusts for his nephews, 1,000 shares held by his spouse, 102,216 shares held by partnerships, and 9,238 shares held in trust for his children.
• Mr. Hekemian disclaims beneficial ownership of shares held by certain trusts, his spouse, and partnerships, except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing. The CEO acquiring shares is generally a positive sign, but it's a relatively small amount in the context of overall ownership.

Positives

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of shares by the CEO could positively influence shareholder sentiment.

Key Dates