Form 4: UMH Properties Executive Acquires Shares and Holds Significant Derivative Positions

Daniel O. Landy, EVP and President of OZ Fund at UMH Properties, acquired 5,000 shares of common stock and holds significant derivative positions.

Summary

• Daniel O. Landy, an executive at UMH Properties, acquired 5,000 shares of the company's common stock at a price of $18.20 per share on January 7, 2025.
• Following this transaction, Mr. Landy directly owns 91,763.73 shares.
• He also has indirect ownership through various trusts and partnerships, including The Landy 2022 Family Trust (48,023.41 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).
• Additionally, Mr. Landy indirectly owns 900 preferred shares through Windsor Industrial Park Associates, LTD.
• Mr. Landy holds multiple derivative securities, including options to purchase 75,000 shares at $15.66 expiring on March 26, 2034, 75,000 shares at $14.36 expiring on March 21, 2033, 78,100 shares at $23.81 expiring on March 28, 2032, 100,000 shares at $22.57 expiring on July 14, 2031, 71,760 shares at $9.7 expiring on March 25, 2030, 100,000 shares at $13.9 expiring on April 2, 2029, 25,000 shares at $12.94 expiring on December 10, 2028, 10,000 shares at $15.75 expiring on July 9, 2028, and 1,000 shares at $13.09 expiring on April 2, 2028.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive is generally a positive sign, but the document is primarily a factual report of transactions.

Positives

• The acquisition of 5,000 shares by an executive may signal confidence in the company's future performance.
• The executive's significant holdings of both common stock and derivative securities indicates a strong alignment with shareholder interests.

Risks

• The document does not explicitly state any risks, but the value of the derivative securities is subject to market fluctuations.
• The vesting schedule of the restricted stock issuance may create a potential for future dilution.

Future Outlook

The document does not contain any explicit forward-looking statements, but the vesting schedule of the restricted stock indicates a long-term commitment from the executive.

Industry Context

This filing is a standard SEC Form 4, which is required when company insiders trade their company's stock. It provides transparency into the transactions of key personnel and their holdings.

Comparison to Industry Standards

• Form 4 filings are a common occurrence for publicly traded companies, and the information provided is consistent with standard reporting requirements.
• The number of shares and options held by Mr. Landy is not unusual for an executive at his level, but the specific amounts and terms are unique to his compensation package.

Stakeholder Impact

• The stock acquisition and derivative holdings of the executive may be of interest to shareholders as it reflects the executive's stake in the company's performance.
• The vesting schedule of the restricted stock may impact the company's share dilution over the next five years.

Key Dates

Keywords

UMH Properties, insider trading, stock acquisition, derivative securities, options, Daniel O. Landy, executive compensation, beneficial ownership