Form 4: UMH Properties Director Michael P. Landy Reports Acquisition of Shares

Director Michael P. Landy reports acquisition of 770 shares of UMH Properties, Inc. at $19.65 per share.

Summary

• On September 25, 2024, Michael P. Landy, a director of UMH Properties, Inc., acquired 770 shares of the company's stock at a price of $19.65 per share.
• This acquisition was a stock award for directors.
• Following the transaction, Landy directly owns 345,526.6 shares.
• Landy also indirectly owns 62,024.3 shares through an account for his daughter Monica, 18,099.85 shares through an account for his son Aaron, and 48,000 shares as co-manager of EWL Grandchildren Fund LLC.
• The reported transactions also include shares acquired through dividend reinvestments on September 16, 2024.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The director's purchase is a mildly positive signal.

Positives

• Director's acquisition of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The acquisition of shares by a director could positively influence shareholder sentiment.

Key Dates