Form 4: UMH Properties Director Michael P. Landy Reports Stock Acquisition
SEC Form 4 Filing
Director Michael P. Landy of UMH Properties, Inc. acquired 831 shares of common stock on January 7, 2025, as part of a director stock award.
Summary
- Michael P. Landy, a director at UMH Properties, Inc., reported acquiring 831 shares of the company's common stock on January 7, 2025.
- The acquisition was a stock award for directors, with the shares acquired at a price of $18.2 each.
- Following the transaction, Mr. Landy directly owns 348,473.59 shares.
- He also has indirect ownership of 62,698.64 shares through an account for his daughter Monica, 18,310.2 shares through an account for his son Aaron, and 48,000 shares as co-manager of the EWL Grandchildren Fund LLC.
- Mr. Landy also holds derivative securities, including options to purchase 11,000 shares at $15.8 each, exercisable on January 10, 2025, and options to purchase 10,000 shares at $14.36 each, exercisable on March 21, 2024.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction, which is generally positive as it shows director alignment with the company. There is no indication of any negative sentiment.
Positives
- The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.
Industry Context
This is a routine filing related to a director's stock acquisition, which is common in publicly traded companies. It reflects standard compensation practices for board members.
Comparison to Industry Standards
- Director stock awards are a common practice in publicly traded companies as part of their compensation packages.
- The number of shares and option grants are within the typical range for director compensation at similar companies.
- The vesting and exercise dates are also standard for such grants.
Stakeholder Impact
- The stock acquisition by a director may be viewed positively by shareholders, indicating confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Date options to purchase 10,000 shares at $14.36 each become exercisable. |
| 01/07/2025 | Date of stock acquisition of 831 shares by Michael P. Landy. |
| 01/10/2025 | Date options to purchase 11,000 shares at $15.8 each become exercisable. |
| 01/10/2034 | Expiration date of options to purchase 11,000 shares at $15.8 each. |
Keywords
UMH Properties, Michael P. Landy, stock acquisition, director, Form 4, beneficial ownership, stock award, derivative securities, options
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