Form 4: UMH Properties Executive Craig Koster Reports Share Transactions
SEC Form 4 Filing
Craig Koster, EVP and General Counsel of UMH Properties, Inc., reported transactions involving company stock and derivative securities.
Summary
- Craig Koster, an Executive Vice President and General Counsel at UMH Properties, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report includes transactions in both common stock and derivative securities, specifically stock options.
- Koster's holdings include 108,415.2 shares of common stock, which includes 1,303.86 shares acquired through dividend reinvestment and 9,078 shares held in a 401(k).
- He also holds various stock options with different exercise prices and expiration dates, totaling 304,000 shares.
- The earliest transaction date reported is December 16, 2024.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, not indicative of positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the holdings of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and UMH Properties' filing is consistent with these requirements.
- The reported transactions are typical for executives who receive stock options and participate in dividend reinvestment programs.
- Companies like Equity LifeStyle Properties (ELS) and Sun Communities (SUI), which are also in the manufactured housing REIT sector, would have similar filings from their executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive ownership.
- The information is unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 04/04/2018 | Stock options for 20,000 shares exercisable until 04/04/2027 at $15.04. |
| 04/02/2019 | Stock options for 20,000 shares exercisable until 04/02/2028 at $13.09. |
| 01/02/2020 | Stock options for 20,000 shares exercisable until 01/02/2029 at $11.42. |
| 03/25/2021 | Stock options for 30,000 shares exercisable until 03/25/2030 at $9.70. |
| 07/14/2022 | Stock options for 50,000 shares exercisable until 07/14/2031 at $22.57. |
| 03/28/2023 | Stock options for 39,000 shares exercisable until 03/28/2032 at $23.81. |
| 03/21/2024 | Stock options for 75,000 shares exercisable until 03/21/2033 at $14.36. |
| 12/16/2024 | Date of earliest transaction reported, including dividend reinvestment. |
| 03/26/2025 | Stock options for 50,000 shares exercisable until 03/26/2034 at $15.66. |
| 12/27/2024 | Date the form was signed. |
Keywords
UMH Properties, Form 4, insider trading, stock options, beneficial ownership, Craig Koster, executive, securities, dividend reinvestment, 401k
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