Form 4: UMH Chairman Landy Gifts Shares in Family Transfer

Sentiment:

Insider Transaction Report 6 January 2026 12:05 PM

UMH Properties Chairman Eugene W. Landy reported an intra-family gift transfer of 11,850 shares of common stock, valued at $15.9 per share, effective January 5, 2026.

Summary

Eugene W. Landy, Chairman and a 10% owner of UMH Properties, Inc., reported a disposition of 11,850 shares of UMH Properties, Inc. common stock.
The transaction, effective January 5, 2026, was an intra-family gift transfer, valued at $15.9 per share.
Following this transaction, Mr. Landy will directly own 956,897.9 shares and indirectly own an additional 343,702.798 shares through various trusts and plans.
Mr. Landy also holds derivative securities (stock options) for 800,000 shares of UMH Properties, Inc. common stock, with exercise prices ranging from $9.70 to $22.57 and expiration dates between 2027 and 2035.

Sentiment

Score: 5

Explanation: The filing reports a routine insider gift transfer, which is a neutral event for the company's operational or financial performance. It reflects personal financial planning rather than a change in company fundamentals or management's view of the stock.

Positives

The transaction is a gift, not a sale, indicating no immediate intent by the Chairman to liquidate holdings for personal cash needs.
The Chairman retains a substantial direct and indirect beneficial ownership, demonstrating continued alignment with shareholder interests.

Negatives

A reduction in direct beneficial ownership, even via gift, slightly decreases the Chairman's direct stake.

Future Outlook

Industry Context

Related Party Transactions

The transaction is explicitly stated as an "Intra-family gift transfer," which is a transaction between related parties.

Stakeholder Impact

Shareholders: Minimal direct impact. The total outstanding shares remain unchanged, but a small portion of the Chairman's direct ownership is transferred within his family.
Employees, Customers, Suppliers, Creditors: No direct impact from this transaction.

Key Dates

Date	Description
04/02/2019	Date of grant for derivative securities with an expiration date of 04/02/2028.
04/02/2020	Date of grant for derivative securities with an expiration date of 04/02/2029.
03/25/2021	Date of grant for derivative securities with an expiration date of 03/25/2030.
07/14/2022	Date of grant for derivative securities with an expiration date of 07/14/2031.
09/09/2023	Date of grant for derivative securities with an expiration date of 09/09/2032.
03/21/2024	Date of grant for derivative securities with an expiration date of 03/21/2033.
03/26/2025	Date of grant for derivative securities with an expiration date of 03/26/2034.
01/05/2026	Date of earliest transaction (intra-family gift transfer).
01/06/2026	Signature date of reporting person.
06/16/2026	Date of grant for derivative securities with an expiration date of 06/16/2035.

Recommendation

hold

This Form 4 reports an intra-family gift transfer by the Chairman, which is a personal financial planning event and not indicative of a change in the company's operational performance or future prospects. The Chairman retains substantial direct and indirect ownership, suggesting continued confidence. Therefore, the filing itself does not warrant a change in investment recommendation.

Keywords

UMH Properties, Eugene W. Landy, Form 4, insider transaction, gift, beneficial ownership, stock options, Chairman, real estate, REIT

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