Form 4: UMH Properties Director, Jeffrey A. Carus, Reports Stock Transactions
SEC Form 4 Filing
Director Jeffrey A. Carus of UMH Properties, Inc. reported the purchase of shares and holdings in custodial accounts.
Summary
- Jeffrey A. Carus, a director at UMH Properties, Inc., reported a purchase of 54.05 shares at $18.50 per share on December 16, 2024.
- Following the transaction, Mr. Carus directly owns 24,238.45 shares of UMH Properties, Inc.
- He also holds 582.44 shares indirectly in a custodial account for his son, Daniel, and 424.47 shares in a custodial account for his son, Ethan.
- Additionally, Mr. Carus directly owns 500 preferred shares of UMH Properties, Inc.
- Mr. Carus also holds derivative securities including 11,000 shares exercisable at $15.80 and 10,000 shares exercisable at $14.36.
Sentiment
Score: 5
Explanation: The document is a neutral disclosure of stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, which is a routine disclosure for company insiders who trade their company's stock. It provides transparency into the trading activities of company directors.
Comparison to Industry Standards
- Form 4 filings are a standard practice for all publicly traded companies in the United States.
- The information provided is consistent with what is expected in such filings, including details of the transaction, the number of shares, and the price.
- Similar filings can be found for directors and officers of other publicly traded companies, such as Equity LifeStyle Properties (ELS) and Sun Communities (SUI), which are also in the real estate sector.
Stakeholder Impact
- The stock purchase by a director may be viewed positively by shareholders as it indicates confidence in the company.
- The disclosure provides transparency to all stakeholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Date of exercisable derivative securities. |
| 12/16/2024 | Date of the reported stock purchase. |
| 12/17/2024 | Date of signature on the form. |
| 01/10/2025 | Date of exercisable derivative securities. |
| 01/10/2034 | Expiration date of derivative securities. |
| 03/21/2033 | Expiration date of derivative securities. |
Keywords
UMH Properties, insider trading, stock purchase, Form 4, director, Jeffrey A. Carus, derivative securities, custodial account
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