Form 4: UMH Properties EVP and COO, Brett Taft, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Brett Taft, EVP and COO of UMH Properties, reports changes in beneficial ownership of company stock, including shares acquired through dividend reinvestment and holdings in a 401(k).
Summary
- On September 27, 2024, Brett Taft, the EVP and COO of UMH Properties, filed a Form 4 with the SEC.
- The filing reports changes in his beneficial ownership of UMH Properties stock.
- As of September 16, 2024, Taft directly owns 119,395.52 shares of UMH Properties, Inc., which includes 475.63 shares acquired through dividend reinvestment and 7,890 shares held in a 401(k).
- Taft also holds derivative securities in the form of options to purchase UMH Properties stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard SEC filing reporting changes in beneficial ownership.
Positives
- The reporting person's continued holding of a significant number of shares and options indicates a vested interest in the company's success.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- Shareholders can use this information to understand the actions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 01/02/2020 | Date of options grant for 40,000 shares at $11.42, expiring 01/02/2029 |
| 03/25/2021 | Date of options grant for 50,000 shares at $9.7, expiring 03/25/2030 |
| 07/14/2022 | Date of options grant for 50,000 shares at $22.57, expiring 07/14/2031 |
| 03/28/2023 | Date of options grant for 39,000 shares at $23.81, expiring 03/28/2032 |
| 03/21/2024 | Date of options grant for 75,000 shares at $14.36, expiring 03/21/2033 |
| 03/26/2024 | Date of options grant for 50,000 shares at $15.66, expiring 03/26/2034 |
| 09/16/2024 | Date of dividend reinvestment and 401(k) holdings reported. |
| 09/27/2024 | Date of Form 4 filing. |
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