Form 4: UMH Properties Executive Acquires Shares in Intra-Family Transfer
SEC Form 4 Filing
Daniel O. Landy, EVP and President of OZ Fund at UMH Properties, acquired 1,000 shares of company stock through an intra-family gift transfer.
Summary
- Daniel O. Landy, an executive at UMH Properties, acquired 1,000 shares of UMH stock on January 2, 2025, at a price of $18.90 per share.
- The acquisition was part of an intra-family gift transfer.
- Following the transaction, Mr. Landy directly owns 86,763.73 shares and indirectly owns shares through various trusts and partnerships.
- Mr. Landy also holds various derivative securities, including options, with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a neutral disclosure of an insider transaction. It doesn't indicate positive or negative sentiment about the company's performance.
Positives
- The acquisition of shares by an executive could be seen as a positive sign of confidence in the company's future.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. It does not indicate any specific trend in the manufactured housing industry.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, such as UMH Properties, and are required by the SEC to ensure transparency in insider trading.
- Other REITs and real estate companies also have similar filings when executives trade company stock, for example, filings from executives at Equity Residential (EQR) or AvalonBay Communities (AVB) would be similar.
Related Party Transactions
- The transaction was an intra-family gift transfer, which is a related party transaction.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it is a small transfer of shares.
Key Dates
| Date | Description |
|---|---|
| 04/02/2019 | Options for 1,000 shares at $13.09 exercisable until 04/02/2028 |
| 07/09/2019 | Options for 10,000 shares at $15.75 exercisable until 07/09/2028 |
| 12/10/2019 | Options for 25,000 shares at $12.94 exercisable until 12/10/2028 |
| 04/02/2020 | Options for 100,000 shares at $13.90 exercisable until 04/02/2029 |
| 03/25/2021 | Options for 71,760 shares at $9.70 exercisable until 03/25/2030 |
| 07/14/2022 | Options for 100,000 shares at $22.57 exercisable until 07/14/2031 |
| 02/08/2023 | Options for 78,100 shares at $23.81 exercisable until 03/28/2032 |
| 03/21/2024 | Options for 75,000 shares at $14.36 exercisable until 03/21/2033 |
| 01/02/2025 | Date of the intra-family gift transfer of 1,000 shares at $18.90. |
| 03/26/2025 | Options for 75,000 shares at $15.66 exercisable until 03/26/2034 |
Keywords
UMH Properties, insider trading, stock acquisition, Form 4, Daniel O. Landy, executive, share ownership, derivative securities, options, intra-family transfer
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