Form 4: UMH Properties Director Matthew Hirsch Updates Shareholdings, Including Dividend Reinvestments

UMH Properties, Inc. Director and 10% Owner Matthew I. Hirsch has filed an updated Form 4, detailing his direct and indirect beneficial ownership of common stock and derivative securities, including shares acquired through dividend reinvestment.

Summary

• Matthew I. Hirsch, a Director and 10% Owner of UMH Properties, Inc. (UMH), reported his beneficial ownership of the company's securities.
• He directly holds 55,107.85 shares of UMH Properties, Inc. common stock.
• An additional 5,465.96 shares are held indirectly by his spouse.
• On June 16, 2025, 576.81 shares were acquired directly through dividend reinvestment.
• On June 16, 2025, 61.16 shares were acquired indirectly through dividend reinvestment by his spouse.
• Total shares acquired through dividend reinvestment on June 16, 2025, amount to 637.97 shares.
• Hirsch also holds direct beneficial ownership of derivative securities (stock options) for a total of 33,000 shares of UMH Properties, Inc.
• This includes 11,000 options with an exercise price of $15.80, exercisable from January 10, 2025, and expiring on January 10, 2034.
• It also includes 10,000 options with an exercise price of $14.36, exercisable from March 21, 2024, and expiring on March 21, 2033.
• Additionally, there are 12,000 options with an exercise price of $16.86, exercisable from June 16, 2026, and expiring on June 16, 2035.

Sentiment

Score: 7

Explanation: The sentiment is positive as a director increased their stake through dividend reinvestment, indicating continued confidence in the company. No negative transactions were reported.

Positives

• Director Matthew I. Hirsch increased his beneficial ownership of UMH Properties, Inc. common stock by 637.97 shares through dividend reinvestment, indicating continued confidence in the company.
• The director maintains significant direct and indirect holdings, totaling 60,573.81 common shares, alongside 33,000 derivative shares, aligning his interests with shareholders.

Negatives

• No negative transactions or dispositions of securities were reported in this filing.

Risks

• No specific risks are detailed in this Form 4 filing, as it primarily reports changes in beneficial ownership.

Future Outlook

This Form 4 filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Industry Context

This filing is a routine disclosure of insider ownership changes, specifically dividend reinvestment, which is common for directors of publicly traded companies, including REITs like UMH Properties, Inc. It reflects an individual director's investment activity rather than broader industry trends.

Comparison to Industry Standards

• This Form 4 reports a director's beneficial ownership and dividend reinvestment, which is a standard practice for insider reporting across all industries. There are no specific company or project results to compare against industry benchmarks in this type of filing.

Stakeholder Impact

• Shareholders: The increased ownership by a director through dividend reinvestment may be viewed positively as it aligns management interests with shareholder value.
• Employees, Customers, Suppliers, Creditors: This filing has no direct or material impact on these stakeholders.

Key Dates

Keywords

UMH Properties, UMH, SEC Form 4, Insider Trading, Beneficial Ownership, Director Holdings, Stock Options, Dividend Reinvestment, Matthew I. Hirsch, Real Estate Investment Trust, REIT