Form 4: UMH Properties Director Amy Butewicz Reports Stock Award
SEC Form 4 Filing
Director Amy Lynn Butewicz reports acquisition of 983 shares of UMH Properties, Inc. stock at $15.38 per share on June 20, 2024, as a stock award.
Summary
- On June 20, 2024, Amy Lynn Butewicz, a director of UMH Properties, Inc., acquired 983 shares of UMH Properties stock at a price of $15.38 per share.
- This acquisition was a direct transaction and resulted in Butewicz owning 11,479.69 shares of UMH Properties, Inc.
- Butewicz also holds derivative securities, including options to purchase 11,000 shares exercisable on January 10, 2025, at $15.80 and options to purchase 10,000 shares exercisable on March 21, 2024, at $14.36.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of a director receiving a stock award. It doesn't indicate any significant positive or negative outlook.
Positives
- The director's stock award could be seen as a positive sign, aligning her interests with those of the shareholders.
Industry Context
Form 4 filings are routine disclosures and provide transparency into the transactions of company insiders. This specific filing indicates a director's acquisition of shares through a stock award, which is a common practice.
Stakeholder Impact
- The stock award aligns the director's interests with shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Date of exercisable options for 10,000 shares at $14.36. |
| 06/20/2024 | Date of stock award transaction where 983 shares were acquired at $15.38. |
| 01/10/2025 | Date of exercisable options for 11,000 shares at $15.80. |
| 03/21/2033 | Expiration date of options for 10,000 shares at $14.36. |
| 01/10/2034 | Expiration date of options for 11,000 shares at $15.80. |
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