Form 4: UMH Properties CEO Samuel Landy Sells 25,000 Shares
SEC Form 4 Filing
UMH Properties CEO Samuel Landy sold 25,000 shares of the company's stock at a price of $15.0125 per share on May 28, 2024.
Summary
- On May 28, 2024, Samuel A. Landy, the President and CEO of UMH Properties, Inc., sold 25,000 shares of UMH Properties stock.
- The sale price was $15.0125 per share.
- Following the transaction, Landy directly owns 1,149,565.32 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).
- Landy also owns derivative securities in the form of options to purchase UMH Properties stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale by the CEO. It doesn't inherently convey positive or negative sentiment, but the market's interpretation of the sale could influence sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their potential impact on the stock's price and investor sentiment.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The information disclosed is comparable to similar filings made by executives at other REITs and publicly traded companies.
Stakeholder Impact
- The stock sale could potentially influence shareholder sentiment, depending on how the market interprets the transaction.
- The sale has no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/19/2018 | Date exercisable for UMH Properties, Inc. derivative security |
| 04/04/2018 | Date exercisable for UMH Properties, Inc. derivative security |
| 04/02/2019 | Date exercisable for UMH Properties, Inc. derivative security |
| 03/21/2024 | Date exercisable for UMH Properties, Inc. derivative security |
| 05/28/2024 | Date of stock sale by Samuel Landy |
| 05/30/2024 | Date of signature on the Form 4 filing |
| 01/19/2027 | Expiration date for UMH Properties, Inc. derivative security |
| 04/04/2027 | Expiration date for UMH Properties, Inc. derivative security |
| 04/02/2028 | Expiration date for UMH Properties, Inc. derivative security |
| 03/21/2033 | Expiration date for UMH Properties, Inc. derivative security |
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