Form 4: UMH Properties Director Kenneth Quigley Jr. Receives Stock Award and New Stock Options

UMH Properties, Inc. Director Kenneth K. Quigley Jr. was granted 1,112 shares as a stock award and 12,000 new stock options, increasing his beneficial ownership.

Summary

• Kenneth K. Quigley Jr., a Director of UMH Properties, Inc. (UMH), acquired 1,112 shares of common stock on June 16, 2025, at a price of $16.86 per share, as a stock award for directors.
• Following this transaction, Mr. Quigley Jr.'s direct beneficial ownership of UMH common stock increased to 34,904.69 shares.
• Additionally, Mr. Quigley Jr. was granted 12,000 new stock options on June 16, 2025, with an exercise price of $16.86 per share and an expiration date of June 16, 2035.
• These new stock options will vest over five years, with 20% (2,400 shares) vesting annually on June 16th, from 2026 through 2030.
• Mr. Quigley Jr. also holds existing stock options for 11,000 shares with an exercise price of $15.80 (exercisable from January 10, 2025, expiring January 10, 2034) and 10,000 shares with an exercise price of $14.36 (exercisable from March 21, 2024, expiring March 21, 2033).

Sentiment

Score: 7

Explanation: The document reports a routine insider transaction related to director compensation. The grant of stock and options aligns the director's interests with shareholders, which is generally viewed as a neutral to slightly positive development, indicating continued commitment.

Positives

• The stock award and option grant align the director's interests with those of the shareholders, as his compensation is tied to the company's performance.
• The increase in beneficial ownership by a director can be viewed positively, indicating confidence in the company's future.

Future Outlook

The document indicates a forward-looking compensation structure for Director Kenneth K. Quigley Jr., with new stock options vesting annually over the next five years, from June 16, 2026, through June 16, 2030.

Industry Context

UMH Properties, Inc. is a real estate investment trust (REIT) specializing in manufactured housing communities. This Form 4 filing is a routine disclosure of director compensation, reflecting standard practices within the REIT sector to align management and director incentives with shareholder value through equity awards.

Related Party Transactions

• The stock award and option grant to Kenneth K. Quigley Jr., a Director of UMH Properties, Inc., constitute related party transactions as they involve compensation from the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The equity awards to the director align his financial interests with the company's performance, potentially encouraging decisions that enhance shareholder value.
• Management/Directors: The awards serve as a form of compensation and incentive for the director's continued service and performance.

Next Steps

• The new stock options granted to Kenneth K. Quigley Jr. will vest annually at 20% per year on June 16th, from 2026 to 2030.

Key Dates

Keywords

UMH Properties, UMH, SEC Form 4, insider transaction, stock award, stock options, director compensation, beneficial ownership, REIT, real estate