Form 4: UMH Properties Director Stuart Levy Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Stuart Levy reports changes in beneficial ownership of UMH Properties, Inc. stock, including acquisitions through dividend reinvestment.
Summary
- On March 15, 2024, Stuart Levy, a director of UMH Properties, Inc., reported changes in beneficial ownership of the company's stock.
- The report includes the acquisition of 219.59 shares through dividend reinvestment on March 15, 2024.
- Following the reported transactions, Levy directly owns 17,387.19 shares of UMH Properties, Inc.
- Levy also owns derivative securities including 11,000 shares exercisable on 01/10/2025 expiring on 01/10/2034 with an exercise price of $15.8 and 10,000 shares exercisable on 03/21/2024 expiring on 03/21/2023 with an exercise price of $14.36.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing indicating changes in ownership, with a slight positive leaning due to dividend reinvestment.
Positives
- The director's continued stock ownership, including reinvestment of dividends, signals confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the trading activities of a company director.
Key Dates
| Date | Description |
|---|---|
| 03/21/2023 | Expiration date for 10,000 derivative securities with an exercise price of $14.36. |
| 03/15/2024 | Date of the earliest transaction reported, including dividend reinvestment. |
| 03/21/2024 | Exercisable date for 10,000 derivative securities with an exercise price of $14.36. |
| 01/10/2025 | Exercisable date for 11,000 derivative securities with an exercise price of $15.8. |
| 01/10/2034 | Expiration date for 11,000 derivative securities with an exercise price of $15.8. |
| 04/12/2024 | Date of the signature on the report. |
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