Form 4: UMH Properties EVP and General Counsel Craig Koster Discloses Extensive Equity Holdings and Option Grants
Insider Ownership Disclosure
UMH Properties, Inc.'s Executive Vice President and General Counsel, Craig Koster, has filed a Form 4 detailing his beneficial ownership of common and preferred stock, along with various stock options.
Summary
- Craig Koster, Executive Vice President and General Counsel of UMH Properties, Inc. (UMH), reported his beneficial ownership of company securities.
- Directly owns 122,884.32 shares of UMH Properties, Inc. common stock.
- Directly owns 337.002 shares of UMH Properties, Inc. Preferred D stock.
- The common stock holdings include 1,531.4 shares acquired through dividend reinvestment on June 16, 2025, and 10,113 shares held in a 401(k) as of June 30, 2025.
- Holds various stock options totaling 354,000 shares of UMH Properties, Inc. common stock, with exercise prices ranging from $9.70 to $23.81 and expiration dates between 2027 and 2035.
Sentiment
Score: 5
Explanation: The document is a routine SEC Form 4 filing disclosing an executive's beneficial ownership of company stock and stock options, including shares acquired through dividend reinvestment. It does not contain information that would inherently indicate a strong positive or negative sentiment regarding the company's performance or outlook.
Positives
- Craig Koster's direct beneficial ownership of 122,884.32 common shares and 337.002 preferred shares demonstrates significant alignment with shareholder interests.
- The acquisition of 1,531.4 shares through dividend reinvestment on June 16, 2025, indicates a continued commitment to increasing equity stake in the company.
- Holding 354,000 stock options across various tranches provides long-term incentive for management performance.
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- NA
Industry Context
This Form 4 filing is a routine disclosure of an executive's equity holdings and option grants, common practice across all publicly traded companies, including those in the real estate investment trust (REIT) sector. It reflects standard executive compensation structures that align management incentives with shareholder value.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- The reporting person, Craig Koster, is an executive (EVP and General Counsel) of UMH Properties, Inc., making his beneficial ownership and option grants related party transactions.
- Acquisition of 1,531.4 shares through dividend reinvestment on June 16, 2025, is a transaction between the company and a related party.
Stakeholder Impact
- Shareholders: Provides transparency regarding executive equity alignment and compensation structure. The executive's significant holdings and option grants align his interests with long-term shareholder value.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 04/04/2018 | Date exercisable for 20,000 stock options with an exercise price of $15.04, expiring 04/04/2027. |
| 04/02/2019 | Date exercisable for 20,000 stock options with an exercise price of $13.09, expiring 04/02/2028. |
| 01/02/2020 | Date exercisable for 20,000 stock options with an exercise price of $11.42, expiring 01/02/2029. |
| 03/25/2021 | Date exercisable for 30,000 stock options with an exercise price of $9.70, expiring 03/25/2030. |
| 07/14/2022 | Date exercisable for 50,000 stock options with an exercise price of $22.57, expiring 07/14/2031. |
| 03/28/2023 | Date exercisable for 39,000 stock options with an exercise price of $23.81, expiring 03/28/2032. |
| 03/21/2024 | Date exercisable for 75,000 stock options with an exercise price of $14.36, expiring 03/21/2033. |
| 03/26/2025 | Date exercisable for 50,000 stock options with an exercise price of $15.66, expiring 03/26/2034. |
| 06/16/2025 | Date of earliest transaction reported, specifically the acquisition of 1,531.4 shares through dividend reinvestment. |
| 06/30/2025 | Date of filing and the date as of which 10,113 shares were held in 401(k). |
| 06/16/2026 | Date exercisable for 50,000 stock options with an exercise price of $16.86, expiring 06/16/2035. |
Keywords
UMH Properties, Craig Koster, SEC Form 4, insider ownership, stock options, executive compensation, REIT, beneficial ownership
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