Form 4: UMH Director Carus Updates Beneficial Ownership
Insider Ownership Report
UMH Properties Director Jeffrey A. Carus reported his beneficial ownership, including shares acquired through dividend reinvestment.
Summary
- Jeffrey A. Carus, a Director of UMH Properties, Inc., filed a Form 4 statement detailing his beneficial ownership of company securities.
- As of September 15, 2025, Mr. Carus directly beneficially owns 30,023.85 shares of UMH Properties, Inc. common stock, which includes 438 shares acquired through dividend reinvestment on that date.
- He indirectly beneficially owns 614.44 shares of common stock in a custodial account for his son, Daniel, including 9.35 shares from dividend reinvestment on September 15, 2025.
- He also indirectly beneficially owns 507.2 shares of common stock in a custodial account for his son, Ethan, including 7.72 shares from dividend reinvestment on September 15, 2025.
- Additionally, Mr. Carus directly beneficially owns 500 shares of UMH Properties, Inc. Preferred D stock.
- Mr. Carus holds derivative securities (options) for a total of 33,000 shares of UMH Properties, Inc. common stock across three grants with varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of insider beneficial ownership, including shares acquired through dividend reinvestment. It does not contain information that would significantly alter the sentiment towards the company, hence a neutral score.
Positives
- A Director's continued acquisition of shares through dividend reinvestment indicates ongoing confidence in the company's performance and future prospects.
- The dividend reinvestment program allows insiders to increase their stake in the company without direct open market purchases, reflecting a long-term investment strategy.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This is a routine insider transaction report (Form 4) required by the SEC, detailing changes in beneficial ownership for a director. Such filings are common across all publicly traded companies and provide transparency into insider holdings, which can sometimes signal management's confidence or concerns about the company's prospects.
Related Party Transactions
- Indirect beneficial ownership of common stock is reported through custodial accounts for the reporting person's two sons, Daniel and Ethan.
Stakeholder Impact
- Shareholders gain transparency into a director's holdings and recent acquisitions through dividend reinvestment, which can be viewed as a positive signal of insider confidence.
- Regulatory bodies receive mandated disclosure of insider transactions, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Date exercisable for 10,000 derivative securities (options) with an exercise price of $14.36. |
| 01/10/2025 | Date exercisable for 11,000 derivative securities (options) with an exercise price of $15.8. |
| 09/15/2025 | Transaction date for dividend reinvestment, resulting in acquisition of common shares. |
| 09/29/2025 | Date the Form 4 statement was signed and filed. |
| 06/16/2026 | Date exercisable for 12,000 derivative securities (options) with an exercise price of $16.86. |
| 03/21/2033 | Expiration date for 10,000 derivative securities (options) with an exercise price of $14.36. |
| 01/10/2034 | Expiration date for 11,000 derivative securities (options) with an exercise price of $15.8. |
| 06/16/2035 | Expiration date for 12,000 derivative securities (options) with an exercise price of $16.86. |
Keywords
UMH Properties, Form 4, insider ownership, beneficial ownership, director, equity, dividend reinvestment, stock options
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