Form 4: UMH Properties EVP and COO, Brett Taft, Reports Changes in Beneficial Ownership
SEC Form 4
Brett Taft, EVP and COO of UMH Properties, reported changes in beneficial ownership of company stock, including shares acquired through dividend reinvestment and holdings in a 401(k).
Summary
- On July 3, 2024, Brett Taft, the EVP and COO of UMH Properties, filed a Form 4 with the SEC.
- The filing reports changes in Mr. Taft's beneficial ownership of UMH Properties stock.
- As of June 17, 2024, Mr. Taft directly owns 118,845.89 shares of UMH Properties, Inc.
- This includes 619.77 shares acquired through dividend reinvestment on June 17, 2024, and 7,816 shares held in a 401(k) as of the same date.
- Mr. Taft also holds derivative securities in the form of options to purchase UMH Properties stock.
- These options have various exercise prices and expiration dates, with the earliest exercisable date being March 21, 2024, and the latest expiration date being April 4, 2027.
- The total number of shares underlying these derivative securities is 284,000.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, so the sentiment is neutral. It simply reports changes in beneficial ownership.
Positives
- The reporting person increased their holdings through dividend reinvestment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. Investors often monitor these filings to gauge management's sentiment and confidence in the company's prospects.
Stakeholder Impact
- Shareholders may be interested in the insider's holdings and trading activity.
Key Dates
| Date | Description |
|---|---|
| 01/02/2020 | Date exercisable for options on UMH Properties, Inc. with an exercise price of $11.42 and an expiration date of 01/02/2029 for 40,000 shares. |
| 03/25/2021 | Date exercisable for options on UMH Properties, Inc. with an exercise price of $9.7 and an expiration date of 03/25/2030 for 50,000 shares. |
| 07/14/2022 | Date exercisable for options on UMH Properties, Inc. with an exercise price of $22.57 and an expiration date of 07/14/2031 for 50,000 shares. |
| 03/28/2023 | Date exercisable for options on UMH Properties, Inc. with an exercise price of $23.81 and an expiration date of 03/28/2032 for 39,000 shares. |
| 03/21/2024 | Date exercisable for options on UMH Properties, Inc. with an exercise price of $14.36 and an expiration date of 03/21/2033 for 75,000 shares. |
| 03/26/2024 | Date exercisable for options on UMH Properties, Inc. with an exercise price of $15.66 and an expiration date of 03/26/2034 for 50,000 shares. |
| 06/17/2024 | Date of dividend reinvestment, resulting in the acquisition of 619.77 shares. |
| 07/03/2024 | Date of the Form 4 filing. |
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