Form 4: UMH Properties EVP Reports Insider Holdings
Insider Ownership Report
UMH Properties' EVP and General Counsel, Craig Koster, filed a Form 4 detailing his beneficial ownership of common stock, preferred stock, and stock options.
Summary
- Craig Koster, Executive Vice President and General Counsel of UMH Properties, Inc. (UMH), filed a Form 4 statement of changes in beneficial ownership.
- The filing reports direct beneficial ownership of 126,552.45 shares of UMH Properties, Inc. common stock.
- This common stock total includes 1,678.05 shares acquired through dividend reinvestment on December 15, 2025, and 10,376 shares held in a 401(k) as of December 31, 2025.
- Koster also directly owns 337.002 shares of UMH Properties, Inc. Preferred D stock.
- The filing details ownership of multiple derivative securities, specifically stock options, for UMH Properties, Inc. common stock.
- These options have various exercise prices ranging from $9.70 to $23.81 and expiration dates extending from March 25, 2027, to June 16, 2035, totaling 354,000 underlying shares.
Sentiment
Score: 5
Explanation: The filing is a neutral, factual disclosure of insider holdings and a routine dividend reinvestment. It does not contain information that would significantly alter the perception of the company's financial health or prospects, nor does it indicate any unusual positive or negative events.
Positives
- The reporting person, a key executive, maintains a significant direct beneficial ownership in the company's common and preferred stock, aligning executive interests with shareholders.
- The acquisition of 1,678.05 shares through dividend reinvestment indicates a continued investment and confidence in the company's performance and dividend policy.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This filing is a routine disclosure of insider ownership and transactions, common across all publicly traded companies. It provides transparency into an executive's stake in UMH Properties, a real estate investment trust (REIT), but does not offer broader insights into industry trends or competitive positioning.
Related Party Transactions
- The reported transactions involve an executive (Craig Koster) and the company (UMH Properties, Inc.), which are inherently related-party dealings. These are standard disclosures for executive compensation and ownership.
Stakeholder Impact
- Shareholders gain transparency into the beneficial ownership of a key executive, which can influence perceptions of management's alignment with shareholder interests.
- The dividend reinvestment indicates continued confidence from management, potentially reinforcing investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 01/02/2020 | Date exercisable for 20,000 stock options with an exercise price of $11.42, expiring on 01/02/2029. |
| 03/25/2021 | Date exercisable for 30,000 stock options with an exercise price of $9.70, expiring on 03/25/2030. |
| 07/14/2022 | Date exercisable for 50,000 stock options with an exercise price of $22.57, expiring on 07/14/2031. |
| 03/28/2023 | Date exercisable for 39,000 stock options with an exercise price of $23.81, expiring on 03/28/2032. |
| 03/21/2024 | Date exercisable for 75,000 stock options with an exercise price of $14.36, expiring on 03/21/2033. |
| 03/26/2025 | Date exercisable for 50,000 stock options with an exercise price of $15.66, expiring on 03/26/2034. |
| 12/15/2025 | Date of earliest transaction reported, specifically the acquisition of 1,678.05 shares through dividend reinvestment. |
| 12/31/2025 | Date as of which 10,376 shares were held in a 401(k). |
| 01/09/2026 | Date the Form 4 was signed by Nelli Madden on behalf of the reporting person. |
| 06/16/2026 | Date exercisable for 50,000 stock options with an exercise price of $16.86, expiring on 06/16/2035. |
Keywords
UMH Properties, UMH, Craig Koster, Form 4, insider ownership, beneficial ownership, stock options, executive compensation, REIT, real estate
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