Form 4: UMH Properties CEO Samuel Landy Reports Beneficial Ownership Changes
SEC Form 4 Filing
UMH Properties CEO Samuel Landy reports changes in his beneficial ownership of company stock, including shares acquired through dividend reinvestment and holdings in various accounts.
Summary
- Samuel Landy, the President and CEO of UMH Properties, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The report includes direct holdings of 1,109,355.84 shares, which includes 3,632.99 shares acquired through dividend reinvestment on December 16, 2024, and 92,796 shares held in a 401(k).
- Indirect holdings include 11,019.66 shares held by his spouse, 44,215.65 shares held jointly with his spouse, 48,023.41 shares held in The Landy 2022 Family Trust, and 48,000 shares held as co-manager of EWL Grandchildren Fund LLC.
- The report also details 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.
- Dividend reinvestments on December 16, 2024, resulted in the acquisition of 9.91 shares for his spouse, 15.4 shares held jointly with his spouse, and 551.7 shares for The Landy 2022 Family Trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral disclosure of transactions.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings of key executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- The reported transactions are typical for executives who receive stock options and participate in dividend reinvestment programs.
- Similar filings can be seen from executives at comparable real estate investment trusts (REITs) such as Equity LifeStyle Properties (ELS) and Sun Communities (SUI).
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of the company's CEO.
- The information is relevant for investors tracking insider activity.
Key Dates
| Date | Description |
|---|---|
| 01/19/2018 | Date of exercisable stock options for 50,000 shares at $14.25, expiring 01/19/2027. |
| 04/04/2018 | Date of exercisable stock options for 50,000 shares at $15.04, expiring 04/04/2027. |
| 04/02/2019 | Date of exercisable stock options for 50,000 shares at $13.09, expiring 04/02/2028. |
| 03/21/2024 | Date of exercisable stock options for 29,500 shares at $14.36, expiring 03/21/2033. |
| 12/16/2024 | Date of dividend reinvestment transactions and the date of the earliest transaction reported. |
| 12/30/2024 | Date the Form 4 was signed. |
Keywords
UMH Properties, Samuel Landy, Beneficial Ownership, Form 4, Dividend Reinvestment, Stock Options, Insider Trading
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