Form 4: UMH Properties CEO Samuel Landy Reports Gift Transfer of Shares
SEC Form 4 Filing
Samuel Landy, CEO of UMH Properties, reports a gift transfer of 5,200 shares at $15.70 per share.
Summary
- On May 13, 2024, Samuel A. Landy, the President and CEO of UMH Properties, Inc., reported a transaction involving the company's stock.
- The transaction was a gift transfer of 5,200 shares at a price of $15.70.
- Following the transaction, Landy directly owns 1,174,565.32 shares.
- Landy also has indirect ownership through his spouse (10,988.33 shares), jointly with his spouse (44,166.97 shares), The Landy 2022 Family Trust (46,279.43 shares), and as Co-Manager of EWL Grandchildren Fund LLC (48,000 shares).
- The report also details Landy's holdings of derivative securities, including options with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a gift transfer of shares, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions and holdings of company stock.
Stakeholder Impact
- The gift transfer may have a minor impact on shareholders, as it changes the distribution of ownership.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 04/02/2019 | Date of UMH Properties, Inc. derivative security with exercise price of $13.09 and expiration date of 04/02/2028 |
| 04/04/2018 | Date of UMH Properties, Inc. derivative security with exercise price of $15.04 and expiration date of 04/04/2027 |
| 01/19/2018 | Date of UMH Properties, Inc. derivative security with exercise price of $14.25 and expiration date of 01/19/2027 |
| 03/21/2024 | Date of UMH Properties, Inc. derivative security with exercise price of $14.36 and expiration date of 03/21/2033 |
| 05/13/2024 | Date of gift transfer transaction of 5,200 shares of UMH Properties, Inc. |
| 05/14/2024 | Date of signature for the Form 4 filing. |
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