Form 4: UMH Properties Director Michael P. Landy Reports Changes in Beneficial Ownership
SEC Form 4
Director Michael P. Landy reports changes in beneficial ownership of UMH Properties, Inc. stock due to dividend reinvestments and other holdings.
Summary
- On March 15, 2024, Michael P. Landy, a director of UMH Properties, Inc., reported changes in his beneficial ownership of the company's stock.
- These changes include acquisitions through dividend reinvestments.
- Landy directly owns 339,584.31 shares of UMH Properties, Inc.
- He also has indirect ownership through his spouse (21,190.32 shares), a C/F account for his daughter Monica (60,566.98 shares), a C/F account for his son Aaron (17,645.26 shares), and as a Co-Manager of EWL Grandchildren Fund LLC (48,000 shares).
- He also owns derivative securities in the form of options to purchase 11,000 shares at $15.80 expiring 01/10/2034 and 10,000 shares at $14.36 expiring 03/21/2033.
Sentiment
Score: 5
Explanation: This is a routine filing, so the sentiment is neutral.
Positives
- The director's continued ownership, including through dividend reinvestments, could be seen as a positive signal.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of earliest transaction (dividend reinvestment) |
| 04/12/2024 | Date of Form 4 filing |
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