Form 4: UMH Properties Director Michael P. Landy Reports Beneficial Ownership Changes
SEC Form 4
Director Michael P. Landy reports changes in beneficial ownership of UMH Properties, Inc. shares and derivative securities.
Summary
- Michael P. Landy, a director of UMH Properties, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report indicates direct ownership of 336,550.59 shares of UMH Properties, Inc.
- It also shows indirect ownership through a spouse (20,920.33 shares), a daughter's account (59,810.54 shares), a son's account (17,409.3 shares), and as a co-manager of the EWL Grandchildren Fund LLC (48,000 shares).
- The report also details ownership of derivative securities, including 11,000 shares exercisable between 01/10/2025 and 01/10/2034 at $15.80 and 10,000 shares exercisable between 03/21/2024 and 03/21/2033 at $14.36.
- 42,720 shares were received in a pro rata distribution upon the liquidation of Landy Investments Ltd.
Sentiment
Score: 5
Explanation: This is a routine filing; the sentiment is neutral as it simply reports changes in ownership.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates changes in the holdings of a key executive, which is relevant to investors monitoring insider sentiment.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership stake of a key director.
- It offers insights into insider confidence, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of earliest transaction and date of signature. |
| 03/21/2024 | Date exercisable for 10,000 derivative securities. |
| 01/10/2025 | Date exercisable for 11,000 derivative securities. |
| 03/21/2033 | Expiration date for 10,000 derivative securities. |
| 01/10/2034 | Expiration date for 11,000 derivative securities. |
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