Form 4: UMH Properties EVP Craig Koster Reports Changes in Beneficial Ownership
SEC Form 4
Craig Koster, EVP and General Counsel of UMH Properties, reports changes in beneficial ownership of company stock, including shares acquired through dividend reinvestment and holdings in a 401(k).
Summary
- Craig Koster, the EVP and General Counsel of UMH Properties, filed a Form 4 detailing changes in his beneficial ownership of UMH Properties stock.
- The report indicates that Koster directly owns 105,880.78 shares of UMH Properties, Inc. common stock, which includes 1,383.53 shares acquired through dividend reinvestment on June 17, 2024, and 8,909 shares held in a 401(k) as of the same date.
- He also directly owns 337.002 shares of UMH Properties, Inc. preferred stock.
- Additionally, Koster holds derivative securities in the form of options to purchase UMH Properties, Inc. common stock at various exercise prices and expiration dates, totaling 324,000 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the holdings of a key executive at UMH Properties.
Stakeholder Impact
- Shareholders may be interested in the ownership stake of key executives like Craig Koster.
Key Dates
| Date | Description |
|---|---|
| 01/02/2020 | Date exercisable for options to purchase 20,000 shares at $11.42, expiring 01/02/2029 |
| 03/25/2021 | Date exercisable for options to purchase 30,000 shares at $9.7, expiring 03/25/2030 |
| 07/14/2022 | Date exercisable for options to purchase 50,000 shares at $22.57, expiring 07/14/2031 |
| 03/28/2023 | Date exercisable for options to purchase 39,000 shares at $23.81, expiring 03/28/2032 |
| 03/21/2024 | Date exercisable for options to purchase 75,000 shares at $14.36, expiring 03/21/2033 |
| 06/17/2024 | Date of dividend reinvestment and 401(k) holdings as of this date. |
| 03/26/2025 | Date exercisable for options to purchase 50,000 shares at $15.66, expiring 03/26/2034 |
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