Form 4: UMH Properties Chairman Eugene Landy Transfers 15,000 Shares in Intra-Family Gift
SEC Form 4 Filing
UMH Properties Chairman Eugene Landy gifted 15,000 shares of company stock in an intra-family transfer on January 2, 2025.
Summary
- Eugene W. Landy, Chairman of UMH Properties, Inc., executed a transaction involving 15,000 shares of UMH stock on January 2, 2025.
- The transaction was an intra-family gift transfer, with the shares being transferred at a price of $18.9 per share.
- Following the transaction, Mr. Landy directly owns 968,757.9 shares of UMH Properties, Inc.
- Mr. Landy also has indirect ownership through various trusts and plans, including 112,849 shares through The Sheltered Family Trust, 154,380 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 various derivative securities, including options to purchase 100,000 shares at prices ranging from $9.7 to $22.57, with expiration dates between 2027 and 2034.
Sentiment
Score: 5
Explanation: The document is a neutral disclosure of an insider transaction, with no indication of positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and is common for publicly traded companies. It provides transparency into the ownership changes of key personnel.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- The level of detail provided in this filing is consistent with SEC requirements for reporting changes in beneficial ownership.
- The number of shares and options held by Mr. Landy is not unusual for a chairman of a company of this size.
Related Party Transactions
- The transaction was an intra-family gift transfer, which is a related party transaction.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a transfer of shares within the family of a key executive and does not change the total number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of the intra-family gift transfer of 15,000 shares. |
| 03/25/2021 | Date of options exercisable for 100,000 shares at $9.7 expiring 03/25/2030 |
| 04/02/2019 | Date of options exercisable for 100,000 shares at $13.09 expiring 04/02/2028 |
| 04/02/2020 | Date of options exercisable for 100,000 shares at $13.9 expiring 04/02/2029 |
| 04/04/2018 | Date of options exercisable for 100,000 shares at $15.04 expiring 04/04/2027 |
| 03/21/2024 | Date of options exercisable for 75,000 shares at $14.36 expiring 03/21/2033 |
| 07/14/2022 | Date of options exercisable for 100,000 shares at $22.57 expiring 07/14/2031 |
| 09/09/2023 | Date of options exercisable for 100,000 shares at $18.52 expiring 09/09/2032 |
| 03/26/2025 | Date of options exercisable for 100,000 shares at $15.66 expiring 03/26/2034 |
| 01/06/2025 | Date of signature on the form. |
Keywords
UMH Properties, Eugene Landy, stock transfer, insider trading, share ownership, derivative securities, family trust, options
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