Form 4: UMH Properties Chairman Eugene Landy Reports Gift Transfer of Shares
SEC Form 4
Eugene Landy, Chairman of UMH Properties, reported a gift transfer of 8,500 shares of UMH Properties, Inc. at a price of $16.37 per share on July 8, 2024.
Summary
- On July 8, 2024, Eugene W. Landy, Chairman of UMH Properties, Inc., reported a transaction involving the company's stock.
- The transaction involved a gift transfer of 8,500 shares at a price of $16.37 per share.
- Following the transaction, Mr. Landy directly owns 993,757.9 shares.
- Mr. Landy also indirectly owns shares through various trusts and pension plans.
- These include 112,849 shares through The Sheltered Family Trust, 144,380 shares through the Eugene W. and Gloria Landy Family Foundation, 33,561.288 shares through the Landy & Landy Employees' Pension Plan, and 42,912.51 shares through the Landy & Landy Employees' Profit Sharing Plan.
- Mr. Landy 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: This is a neutral report of a transaction. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/25/2021 | Options exercisable for UMH Properties, Inc. at $9.7 expiring 03/25/2030 |
| 07/14/2022 | Options exercisable for UMH Properties, Inc. at $22.57 expiring 07/14/2031 |
| 09/09/2023 | Options exercisable for UMH Properties, Inc. at $18.52 expiring 09/09/2032 |
| 03/21/2024 | Options exercisable for UMH Properties, Inc. at $14.36 expiring 03/21/2033 |
| 07/08/2024 | Date of gift transfer of 8,500 shares of UMH Properties, Inc. |
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