Form 4: UMH Properties EVP Discloses Beneficial Ownership
Statement of Beneficial Ownership
UMH Properties EVP Daniel O. Landy filed a Form 4 detailing his beneficial ownership of common stock and derivative securities, including recent dividend reinvestments.
Summary
- Daniel O. Landy, EVP and President of OZ Fund for UMH Properties, Inc., reported his beneficial ownership of the company's securities.
- Directly owns 93,472.59 shares of UMH Properties, Inc. common stock, which includes 256.09 shares acquired via dividend reinvestment on September 15, 2025, and 7,167 shares held in a 401(k) as of September 29, 2025.
- Indirectly owns 50,060.12 shares through The Landy 2022 Family Trust, including 764.93 shares from dividend reinvestment on September 15, 2025.
- Further indirect ownership includes 37,903 shares via Juniper Plaza Associates, LTD., 16,220 shares via Samuel Landy Family LTD Partnership, and 24,670 shares of common stock and 900 shares of preferred stock (Preferred D) via Windsor Industrial Park Associates, LTD.
- Beneficially owns 585,860 derivative securities (stock options) directly, with exercise prices ranging from $9.70 to $23.81 and expiration dates from March 25, 2030, to June 16, 2035.
Sentiment
Score: 6
Explanation: Neutral to slightly positive. The filing is a routine disclosure of executive ownership. The dividend reinvestment indicates continued confidence, but no major new investment or divestment is reported.
Positives
- Continued beneficial ownership by a key executive indicates alignment of interests with shareholders.
- Dividend reinvestment demonstrates a long-term commitment to the company and its performance.
Negatives
- No significant new share acquisitions or dispositions were reported, indicating no major new investment or divestment signal.
Future Outlook
The filing is a statement of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing is a routine disclosure of an executive's holdings and does not provide specific insights into broader industry trends or competitive positioning. It primarily reflects an individual's investment in the company.
Related Party Transactions
- Indirect beneficial ownership of 50,060.12 shares through The Landy 2022 Family Trust.
- Indirect beneficial ownership of 37,903 shares through Juniper Plaza Associates, LTD.
- Indirect beneficial ownership of 16,220 shares through Samuel Landy Family LTD Partnership.
- Indirect beneficial ownership of 24,670 shares of common stock and 900 shares of preferred stock through Windsor Industrial Park Associates, LTD.
Stakeholder Impact
- Shareholders: Provides transparency regarding executive ownership, potentially reinforcing confidence due to the executive's continued holdings and dividend reinvestment.
- Employees, Customers, Suppliers, Creditors: No direct impact from this routine ownership disclosure.
Key Dates
| Date | Description |
|---|---|
| 04/02/2019 | Grant date for 1,000 derivative securities with an exercise price of $13.09. |
| 07/09/2019 | Grant date for 10,000 derivative securities with an exercise price of $15.75. |
| 12/10/2019 | Grant date for 25,000 derivative securities with an exercise price of $12.94. |
| 04/02/2020 | Grant date for 100,000 derivative securities with an exercise price of $13.90. |
| 03/25/2021 | Grant date for 71,760 derivative securities with an exercise price of $9.70. |
| 07/14/2022 | Grant date for 100,000 derivative securities with an exercise price of $22.57. |
| 02/08/2023 | Grant date for 78,100 derivative securities with an exercise price of $23.81. |
| 03/21/2024 | Grant date for 75,000 derivative securities with an exercise price of $14.36. |
| 03/26/2025 | Grant date for 75,000 derivative securities with an exercise price of $15.66. |
| 09/15/2025 | Acquisition of 256.09 shares directly and 764.93 shares indirectly through dividend reinvestment. |
| 09/29/2025 | Date as of which 7,167 shares are held in 401(k). |
| 10/02/2025 | Filing date of the Statement of Changes in Beneficial Ownership. |
| 06/16/2026 | Grant date for 50,000 derivative securities with an exercise price of $16.86. |
Recommendation
holdThis Form 4 filing is a routine disclosure of an executive's beneficial ownership and minor dividend reinvestment. It does not contain new information that would warrant a change in investment thesis. The executive's continued holdings and dividend reinvestment suggest ongoing confidence, but without further operational or financial updates, a 'hold' recommendation is appropriate.
Keywords
UMH Properties, Daniel O. Landy, Form 4, Beneficial Ownership, Stock Options, Dividend Reinvestment, Executive Holdings, SEC Filing
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