Form 4: UMH Properties Chairman Eugene Landy Reports Intra-Family Gift Transfer
SEC Form 4
Eugene Landy, Chairman of UMH Properties, reports an intra-family gift transfer of UMH Properties, Inc. shares.
Summary
- On September 16, 2024, Eugene W. Landy, Chairman of UMH Properties, Inc., reported a transaction involving UMH Properties, Inc. shares.
- The transaction involved an intra-family gift transfer of 10,000 shares at a price of $20.19.
- Following the transaction, Mr. Landy directly owns 983,757.9 shares.
- Mr. Landy also indirectly owns shares through The Sheltered Family Trust (112,849 shares), Eugene W. and Gloria Landy Family Foundation (154,380 shares), Landy & Landy Employees' Pension Plan (33,561.288 shares), and Landy & Landy Employees' Profit Sharing Plan (42,912.51 shares).
- Mr. Landy also holds derivative securities in the form of options to purchase UMH Properties, Inc. shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an intra-family gift transfer, which is neutral in sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders, providing transparency into their transactions and holdings in the company.
Related Party Transactions
- The intra-family gift transfer is a related party transaction.
Stakeholder Impact
- The transaction itself is unlikely to have a significant impact on stakeholders, as it is a transfer within the family of a key executive.
Key Dates
| Date | Description |
|---|---|
| 04/04/2018 | Options exercisable until 04/04/2027 at $15.04 |
| 04/02/2019 | Options exercisable until 04/02/2028 at $13.09 |
| 04/02/2020 | Options exercisable until 04/02/2029 at $13.9 |
| 03/25/2021 | Options exercisable until 03/25/2030 at $9.7 |
| 07/14/2022 | Options exercisable until 07/14/2031 at $22.57 |
| 09/09/2023 | Options exercisable until 09/09/2032 at $18.52 |
| 03/21/2024 | Options exercisable until 03/21/2033 at $14.36 |
| 09/16/2024 | Date of intra-family gift transfer of 10,000 shares at $20.19 |
| 03/26/2025 | Options exercisable until 03/26/2034 at $15.66 |
| 09/18/2024 | Date of signature on the Form 4 filing |
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