Form 4: UMH Properties CEO Boosts Stake via Dividend Reinvestment

UMH Properties' President and CEO, Samuel A. Landy, increased his beneficial ownership through dividend reinvestment and holds significant direct and indirect shares.

Summary

• Samuel A. Landy, President and CEO, Director, and 10% Owner of UMH Properties, Inc. (UMH), reported changes in his beneficial ownership.
• Landy directly owns 1,061,207.18 shares of UMH Properties, Inc., which includes 6,469.93 shares acquired through dividend reinvestment on December 15, 2025, and 97,214 shares held in a 401(k) as of December 31, 2025.
• Indirect beneficial ownership includes 12,127.31 shares held by his spouse (including 28.65 shares from dividend reinvestment on December 15, 2025), 41,359.12 shares held with his spouse (including 20.62 shares from dividend reinvestment on December 15, 2025), and 50,798.71 shares held by The Landy 2022 Family Trust (including 738.59 shares from dividend reinvestment on December 15, 2025).
• Landy also indirectly beneficially owns 48,000 shares as Co-Manager of EWL Grandchildren Fund LLC.
• Derivative securities include options to acquire 29,500 shares at $14.36 (expiring 03/21/2033), 50,000 shares at $13.09 (expiring 04/02/2028), 50,000 shares at $15.04 (expiring 04/04/2027), and 50,000 shares at $14.25 (expiring 01/19/2027).

Sentiment

Score: 6

Explanation: The sentiment is mildly positive. The CEO's continued dividend reinvestment indicates a sustained belief in the company's value and future performance, which is a positive signal for investors, though not a major market-moving event.

Positives

• The President and CEO's continued participation in dividend reinvestment programs signals ongoing confidence in the company's long-term prospects and commitment to increasing his stake.
• The accumulation of shares through various direct and indirect holdings, including a 401(k) and family trusts, demonstrates a significant and diversified personal investment in UMH Properties.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of insider ownership changes and does not provide broader industry context or trends. It reflects an individual executive's investment activity within the real estate investment trust (REIT) sector, specifically in manufactured housing communities.

Related Party Transactions

• Indirect beneficial ownership of 12,127.31 shares held by spouse, including 28.65 shares acquired through dividend reinvestment on 12/15/25.
• Indirect beneficial ownership of 41,359.12 shares held with spouse, including 20.62 shares acquired through dividend reinvestment on 12/15/25.
• Indirect beneficial ownership of 50,798.71 shares held by The Landy 2022 Family Trust, including 738.59 shares acquired through dividend reinvestment on 12/15/25.
• Indirect beneficial ownership of 48,000 shares as Co-Manager of EWL Grandchildren Fund LLC.

Stakeholder Impact

• Shareholders may view the CEO's continued investment, particularly through dividend reinvestment, as a positive sign of management's alignment with shareholder interests and confidence in the company's long-term value.
• The significant total beneficial ownership by the CEO reinforces a perception of stable and committed leadership.

Key Dates

Recommendation

The filing primarily details routine dividend reinvestment and existing beneficial ownership by the CEO. While the continued accumulation of shares by a key executive is a positive indicator of confidence, it does not represent a new, significant market transaction that would typically warrant a 'buy' or 'sell' recommendation. For existing investors, it reinforces a 'hold' position, signaling management's long-term commitment.

Keywords

UMH Properties, Samuel A. Landy, Insider Ownership, Beneficial Ownership, Dividend Reinvestment, CEO, Director, Stock Options, Form 4