4/A: UMH Properties CEO Samuel Landy Amends Filing to Reflect Intra-Family Gift Transfer
SEC Form 4 Amendment
UMH Properties CEO Samuel Landy amended a previous filing to reflect an intra-family gift transfer of 1,000 shares and to correct an omitted transaction code.
Summary
- This document is an amended SEC Form 4 filing by Samuel Landy, the President and CEO of UMH Properties, Inc.
- The amendment corrects a previous filing to include a gift transfer of 1,000 shares of UMH Properties stock.
- The transaction occurred on January 2, 2025, and the original filing was on January 6, 2025.
- The amended filing also includes a correction of an omitted transaction code 'G' which represents a gift.
- Following the transaction, Mr. Landy directly owns 1,109,355.84 shares of UMH Properties stock.
- He also has indirect ownership through his spouse, with spouse, The Landy 2022 Family Trust, and as co-manager of EWL Grandchildren Fund LLC.
- Mr. Landy also holds various derivative securities, including options with different exercise prices and expiration dates.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to insider transactions. It does not indicate any significant positive or negative sentiment, but the correction of an error and the reporting of a gift are neutral to slightly positive.
Industry Context
This filing is a routine disclosure of insider transactions and is typical for publicly traded companies. It provides transparency into the holdings of key executives.
Comparison to Industry Standards
- SEC Form 4 filings are standard practice for all publicly traded companies in the United States.
- The level of detail provided in this filing is consistent with regulatory requirements.
- The reporting of both direct and indirect ownership, as well as derivative holdings, is typical for executive disclosures.
- The inclusion of transaction codes and explanations is also standard practice.
Related Party Transactions
- The intra-family gift transfer is a related party transaction.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small transfer of shares.
- The disclosure provides transparency to stakeholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 01/19/2018 | Date of options grant with an exercise price of $14.25, expiring on 01/19/2027 |
| 04/04/2018 | Date of options grant with an exercise price of $15.04, expiring on 04/04/2027 |
| 04/02/2019 | Date of options grant with an exercise price of $13.09, expiring on 04/02/2028 |
| 03/21/2024 | Date of options grant with an exercise price of $14.36, expiring on 03/21/2033 |
| 01/02/2025 | Date of the intra-family gift transfer of 1,000 shares. |
| 01/06/2025 | Date of the original SEC Form 4 filing and the date of the amended filing. |
Keywords
UMH Properties, Samuel Landy, SEC Form 4, Beneficial Ownership, Stock Transaction, Intra-family Gift, Derivative Securities, Options, Amendment
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