Form 4: UMH Properties CEO Samuel Landy Reports Gift Transfer of Shares
SEC Form 4 Filing
Samuel Landy, CEO of UMH Properties, reported a gift transfer of 3,200 shares of UMH Properties, Inc. at a price of $16.24 on March 7, 2024.
Summary
- On March 7, 2024, Samuel A. Landy, the President and CEO of UMH Properties, Inc., reported a transaction involving the company's stock.
- The transaction involved a gift transfer of 3,200 shares at a price of $16.24.
- Following the transaction, Landy directly owns 964,213.81 shares.
- Landy also has indirect ownership through his spouse (10,977.21 shares), jointly with his spouse (44,149.69 shares), The Landy 2022 Family Trust (45,660.56 shares), and as Co-Manager of EWL Grandchildren Fund LLC (48,000 shares).
- He also holds derivative securities in the form of options to purchase UMH Properties, Inc. stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a gift transfer of shares. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider transactions.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates changes in the beneficial ownership of UMH Properties, Inc. stock by its CEO.
Comparison to Industry Standards
- Form 4 filings are a standard practice for publicly traded companies, ensuring transparency in insider transactions.
- Comparing Landy's holdings and transactions to those of executives at similar REITs (e.g., Sun Communities, Equity LifeStyle Properties) can provide insights into relative executive compensation and ownership structures.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects a change in insider ownership.
- The gift transfer itself does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/19/2018 | Date exercisable for options on UMH Properties, Inc. stock |
| 04/04/2018 | Date exercisable for options on UMH Properties, Inc. stock |
| 04/02/2019 | Date exercisable for options on UMH Properties, Inc. stock |
| 2022 | Year of The Landy 2022 Family Trust |
| 01/19/2027 | Expiration date for options on UMH Properties, Inc. stock |
| 04/04/2027 | Expiration date for options on UMH Properties, Inc. stock |
| 04/02/2028 | Expiration date for options on UMH Properties, Inc. stock |
| 03/07/2024 | Date of gift transfer transaction |
| 03/08/2024 | Date of signature on the Form 4 filing |
| 03/21/2024 | Date exercisable for options on UMH Properties, Inc. stock |
| 03/21/2033 | Expiration date for options on UMH Properties, Inc. stock |
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