Form 4: UMH Properties CEO Acquires 87,912 Shares of Restricted Stock
SEC Form 4 Filing
UMH Properties CEO Samuel A. Landy acquired 87,912 shares of restricted stock at $18.20 per share on January 7, 2025.
Summary
- Samuel A. Landy, the President and CEO of UMH Properties, Inc., acquired 87,912 shares of restricted stock on January 7, 2025.
- The shares were acquired at a price of $18.20 per share.
- Following the transaction, Mr. Landy directly owns 1,197,267.84 shares.
- He also has indirect ownership of 12,019.66 shares held by his spouse, 44,215.65 shares held with his spouse, 48,023.41 shares held by The Landy 2022 Family Trust, and 48,000 shares as co-manager of EWL Grandchildren Fund LLC.
- Mr. Landy also holds derivative securities including options to purchase 29,500 shares at $14.36, 50,000 shares at $13.09, 50,000 shares at $15.04, and 50,000 shares at $14.25.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction of restricted stock being granted to the CEO, which is generally viewed positively as it aligns management's interests with shareholders. There are no negative implications.
Positives
- The acquisition of shares by the CEO could be seen as a positive sign of confidence in the company's future.
Industry Context
This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders make transactions in their company's stock. It provides transparency into the ownership changes of key personnel.
Comparison to Industry Standards
- Form 4 filings are a standard practice for all publicly traded companies in the US, ensuring transparency of insider transactions.
- The acquisition of restricted stock is a common form of executive compensation, aligning management's interests with those of shareholders.
- The number of shares acquired and the price are specific to UMH Properties and its compensation structure, making direct comparisons to other companies difficult without further context.
Stakeholder Impact
- The acquisition of shares by the CEO could be viewed positively by shareholders as it demonstrates confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 01/19/2018 | Date of exercisable options for 50,000 shares at $14.25 |
| 04/04/2018 | Date of exercisable options for 50,000 shares at $15.04 |
| 04/02/2019 | Date of exercisable options for 50,000 shares at $13.09 |
| 03/21/2024 | Date of exercisable options for 29,500 shares at $14.36 |
| 01/07/2025 | Date of restricted stock acquisition by Samuel A. Landy |
| 01/08/2025 | Date of signature on the form |
Keywords
UMH Properties, Samuel A. Landy, restricted stock, insider trading, executive compensation, share ownership, derivative securities
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