Form 4: UMH Properties CEO Samuel Landy Reports Changes in Beneficial Ownership
SEC Form 4
Samuel Landy, President and CEO of UMH Properties, reported changes in his beneficial ownership of the company's stock, including acquisitions through dividend reinvestment and holdings in various accounts.
Summary
- Samuel Landy, the President and CEO of UMH Properties, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report includes shares acquired through dividend reinvestment on March 15, 2024.
- Landy's direct holdings include 1,179,765.32 shares, which incorporates 89,034 shares held in a 401(k).
- He also has indirect holdings through his spouse (10,988.33 shares), jointly with his spouse (44,166.97 shares), and via The Landy 2022 Family Trust (46,279.43 shares).
- Additionally, Landy holds 48,000 shares as a Co-Manager of EWL Grandchildren Fund LLC.
- The report also details derivative securities, including options to purchase UMH Properties stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing. The sentiment is neutral as it simply reports changes in ownership.
Positives
- The reporting of dividend reinvestments indicates continued investment in the company by the CEO.
- The CEO's significant holdings demonstrate a strong alignment of interests with shareholders.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders can use this information to understand the CEO's investment in the company.
- The filing provides transparency to the market regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 01/19/2018 | Date of exercisable options for UMH Properties, Inc. |
| 04/04/2018 | Date of exercisable options for UMH Properties, Inc. |
| 04/02/2019 | Date of exercisable options for UMH Properties, Inc. |
| 03/15/2024 | Date of dividend reinvestment. |
| 03/21/2024 | Date of exercisable options for UMH Properties, Inc. |
| 01/19/2027 | Expiration date of options for UMH Properties, Inc. |
| 04/04/2027 | Expiration date of options for UMH Properties, Inc. |
| 04/02/2028 | Expiration date of options for UMH Properties, Inc. |
| 03/21/2033 | Expiration date of options for UMH Properties, Inc. |
| 04/22/2024 | Date of report filing. |
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