Form 4: UMH Properties Director Stuart Levy Receives Stock Award and New Option Grant

UMH Properties, Inc. Director Stuart Levy reported the acquisition of 1,112 shares as a stock award and a grant of 12,000 stock options, aligning his interests with shareholders.

Summary

• Stuart Levy, a Director of UMH Properties, Inc. (UMH), acquired 1,112 shares of common stock on June 16, 2025, as a stock award.
• The acquired shares were valued at $16.86 per share.
• Following this transaction, Mr. Levy's direct beneficial ownership of UMH common stock increased to 23,250.74 shares.
• Mr. Levy was also granted 12,000 stock options on June 16, 2025, with an exercise price of $16.86 per share.
• These new stock options will vest over five years, with 20% (2,400 shares) vesting annually on each anniversary date from June 16, 2026, through June 16, 2030.
• The newly granted options are exercisable starting June 16, 2026, and expire on June 16, 2035.
• Mr. Levy continues to hold previously granted stock options: 11,000 options exercisable at $15.80 (expiring 01/10/2034) and 10,000 options exercisable at $14.36 (expiring 03/21/2033).

Sentiment

Score: 7

Explanation: The document reports a director receiving equity compensation (stock award and options), which generally aligns management's interests with shareholders and can be viewed as a positive signal of confidence in the company's future, though it is a routine compensation event.

Positives

• The acquisition of additional shares and the grant of stock options to a director, Stuart Levy, indicates a continued alignment of management's interests with those of shareholders.
• Equity-based compensation encourages long-term commitment and performance from the director.

Future Outlook

The document details the vesting schedule for the newly granted stock options, indicating future equity accumulation for the director over the next five years, with 2,400 shares vesting annually until June 16, 2030.

Industry Context

This Form 4 filing reflects standard equity compensation practices for directors in publicly traded companies, aiming to align their long-term interests with shareholder value creation. Such grants are common across various industries, including real estate investment trusts (REITs) like UMH Properties, Inc.

Related Party Transactions

• The stock award of 1,112 shares and the grant of 12,000 stock options to Stuart Levy, a director, represent compensation from the company to a related party.

Stakeholder Impact

• Shareholders: The equity awards to a director can be seen as a positive for aligning management incentives with shareholder returns, potentially fostering long-term value creation.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The 12,000 stock options granted to Stuart Levy will vest at a rate of 2,400 shares per year on each anniversary date from June 16, 2026, through June 16, 2030.

Key Dates

Keywords

UMH Properties, SEC Form 4, Insider Transaction, Stock Award, Stock Option, Director Compensation, Equity Grant, Beneficial Ownership, UMH