Form 4: UMH Properties Chairman Eugene Landy Sells Shares on March 6, 2024
SEC Form 4
Eugene Landy, Chairman of UMH Properties, sold 1,108 shares of the company's stock at a price of $16.25 on March 6, 2024.
Summary
- On March 6, 2024, Eugene W. Landy, Chairman of UMH Properties, Inc., sold 1,108 shares of UMH Properties stock at $16.25 per share.
- Following the transaction, Landy directly owns 893,757.9 shares.
- Landy also indirectly owns shares through various entities, including The Sheltered Family Trust (112,849 shares), Eugene W. and Gloria Landy Family Foundation (152,880 shares), Landy & Landy Employees' Pension Plan (33,561.288 shares), and Landy & Landy Employees' Profit Sharing Plan (42,912.51 shares).
- The filing also details Landy's ownership of derivative securities in UMH Properties, including options with various exercise prices and expiration dates.
Sentiment
Score: 4
Explanation: The sentiment is slightly negative due to the Chairman selling shares, which could indicate a lack of confidence, but it's a small sale relative to overall holdings.
Negatives
- The sale of 1,108 shares by the Chairman could be interpreted negatively by the market.
Industry Context
Form 4 filings are a routine part of insider trading activity and are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The stock sale could have a minor negative impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of stock sale transaction |
| 03/08/2024 | Date of Form 4 filing |
| 03/21/2024 | Expiration date of some UMH Properties Inc. options |
| 03/25/2021 | Date of some UMH Properties Inc. options |
| 04/02/2019 | Date of some UMH Properties Inc. options |
| 04/02/2020 | Date of some UMH Properties Inc. options |
| 04/04/2018 | Date of some UMH Properties Inc. options |
| 04/05/2017 | Date of some UMH Properties Inc. options |
| 07/14/2022 | Date of some UMH Properties Inc. options |
| 09/09/2023 | Date of some UMH Properties Inc. options |
| 03/25/2030 | Expiration date of some UMH Properties Inc. options |
| 04/02/2028 | Expiration date of some UMH Properties Inc. options |
| 04/02/2029 | Expiration date of some UMH Properties Inc. options |
| 04/04/2027 | Expiration date of some UMH Properties Inc. options |
| 04/05/2024 | Expiration date of some UMH Properties Inc. options |
| 07/14/2031 | Expiration date of some UMH Properties Inc. options |
| 09/09/2032 | Expiration date of some UMH Properties Inc. options |
| 03/21/2033 | Expiration date of some UMH Properties Inc. options |
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