Form 4: UMH Properties Executive Acquires 75,000 Shares Through Stock Option Grant
SEC Form 4
Daniel O. Landy, EVP and President of OZ Fund at UMH Properties, Inc., reports the acquisition of 75,000 shares through a stock option grant.
Summary
- Daniel O. Landy, an executive at UMH Properties, Inc., filed a Form 4 disclosing changes in beneficial ownership.
- The earliest transaction date reported is March 26, 2024.
- Landy acquired 75,000 shares of UMH Properties, Inc. through a stock option with an exercise price of $15.66.
- This stock option vests over five years, with 15,000 shares vesting annually starting March 26, 2025, and ending March 26, 2029.
- Landy directly owns 83,982.18 shares of UMH Properties, Inc.
- Landy indirectly owns shares through The Landy 2022 Family Trust (45,660.56 shares), Juniper Plaza Associates, LTD. (37,903 shares), Samuel Landy Family LTD Partnership (16,220 shares), and Windsor Industrial Park Associates, LTD. (24,670 shares).
- Landy also indirectly owns 900 preferred shares through Windsor Industrial Park Associates, LTD.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock option grants and ownership, neither particularly positive nor negative on its own.
Positives
- The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge executive sentiment and potential future stock performance.
Stakeholder Impact
- The disclosure provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/25/2021 | Date related to derivative securities (options) with an exercise price of $9.7 and an expiration date of 03/25/2030. |
| 07/14/2022 | Date related to derivative securities (options) with an exercise price of $22.57 and an expiration date of 07/14/2031. |
| 02/08/2023 | Date related to derivative securities (options) with an exercise price of $23.81 and an expiration date of 03/28/2032. |
| 03/21/2024 | Date related to derivative securities (options) with an exercise price of $14.36 and an expiration date of 03/21/2033. |
| 03/26/2024 | Date of the earliest transaction reported; acquisition of 75,000 shares through stock option grant. |
| 03/26/2025 | First vesting date for the newly acquired stock options (15,000 shares). |
| 03/26/2026 | Second vesting date for the newly acquired stock options (15,000 shares). |
| 03/26/2027 | Third vesting date for the newly acquired stock options (15,000 shares). |
| 03/26/2028 | Fourth vesting date for the newly acquired stock options (15,000 shares). |
| 03/26/2029 | Final vesting date for the newly acquired stock options (15,000 shares). |
| 03/25/2030 | Expiration date for derivative securities (options) with an exercise price of $9.7. |
| 07/14/2031 | Expiration date for derivative securities (options) with an exercise price of $22.57. |
| 03/28/2032 | Expiration date for derivative securities (options) with an exercise price of $23.81. |
| 03/21/2033 | Expiration date for derivative securities (options) with an exercise price of $14.36. |
| 03/26/2034 | Expiration date for the newly acquired stock options. |
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