Form 4: UMH Properties Executive Daniel Landy Reports New Stock Option Grant

Sentiment:

Insider Transaction Report 17 June 2025 12:22 PM

Daniel O. Landy, EVP and President of OZ Fund at UMH Properties, Inc., has reported the acquisition of 50,000 new stock options with a vesting schedule over the next five years.

Summary

Daniel O. Landy, EVP and President of OZ Fund at UMH Properties, Inc. (UMH), filed a Form 4, detailing changes in his beneficial ownership.
The filing reports the acquisition of 50,000 derivative securities (stock options) on June 16, 2025.
These newly acquired options have an exercise price of $16.86 and an expiration date of June 16, 2035.
The 50,000 options will vest over five years, with 20% (10,000 shares) vesting annually on each anniversary date, starting June 16, 2026, through June 16, 2030.
Mr. Landy's direct beneficial ownership of UMH Properties, Inc. common stock remains at 92,015.12 shares.
His indirect beneficial ownership includes 48,621.96 shares through The Landy 2022 Family Trust, 37,903 shares through Juniper Plaza Associates, LTD., 16,220 shares through Samuel Landy Family LTD Partnership, and 24,670 shares of common stock and 900 shares of preferred stock through Windsor Industrial Park Associates, LTD.
Mr. Landy also holds a total of 579,860 existing derivative securities (stock options) from previous grants, with exercise prices ranging from $9.70 to $23.81 and expiration dates between March 25, 2030, and March 26, 2034.

Sentiment

Score: 6

Explanation: The filing reports a routine grant of stock options to an executive, which is generally a positive sign of aligning management incentives with long-term company performance. There are no negative disclosures.

Positives

The grant of 50,000 new stock options to a key executive, Daniel O. Landy, aligns his financial interests with the long-term performance and shareholder value of UMH Properties, Inc.
The five-year vesting schedule for the new options encourages long-term retention and sustained performance from the executive.

Future Outlook

The newly granted stock options for Daniel O. Landy are structured to vest over the next five years, with 10,000 shares vesting annually on June 16th from 2026 through 2030, indicating a long-term incentive for the executive.

Industry Context

This Form 4 filing is a routine disclosure of executive equity compensation, common across all industries, including the real estate investment trust (REIT) sector where UMH Properties operates. Such grants are standard practice to align executive incentives with shareholder interests and long-term company performance.

Related Party Transactions

Indirect beneficial ownership of UMH Properties, Inc. shares through The Landy 2022 Family Trust (48,621.96 shares).
Indirect beneficial ownership of UMH Properties, Inc. shares through Juniper Plaza Associates, LTD. (37,903 shares).
Indirect beneficial ownership of UMH Properties, Inc. shares through Samuel Landy Family LTD Partnership (16,220 shares).
Indirect beneficial ownership of UMH Properties, Inc. shares through Windsor Industrial Park Associates, LTD. (24,670 shares of common stock and 900 shares of preferred stock).

Stakeholder Impact

Shareholders: The grant of stock options aligns the executive's financial interests with the long-term performance of the company, potentially benefiting shareholders if the stock price increases. It also provides transparency regarding executive compensation.
Management: The executive, Daniel O. Landy, receives a significant equity incentive, which can motivate performance and retention.

Next Steps

Vesting of 10,000 shares of stock options on June 16, 2026.
Vesting of 10,000 shares of stock options on June 16, 2027.
Vesting of 10,000 shares of stock options on June 16, 2028.
Vesting of 10,000 shares of stock options on June 16, 2029.
Vesting of 10,000 shares of stock options on June 16, 2030.

Key Dates

Date	Description
04/02/2019	Date of grant for 1,000 stock options with an exercise price of $13.09, expiring 04/02/2028.
07/09/2019	Date of grant for 10,000 stock options with an exercise price of $15.75, expiring 07/09/2028.
12/10/2019	Date of grant for 25,000 stock options with an exercise price of $12.94, expiring 12/10/2028.
04/02/2020	Date of grant for 100,000 stock options with an exercise price of $13.90, expiring 04/02/2029.
03/25/2021	Date of grant for 71,760 stock options with an exercise price of $9.70, expiring 03/25/2030.
07/14/2022	Date of grant for 100,000 stock options with an exercise price of $22.57, expiring 07/14/2031.
02/08/2023	Date of grant for 78,100 stock options with an exercise price of $23.81, expiring 03/28/2032.
03/21/2024	Date of grant for 75,000 stock options with an exercise price of $14.36, expiring 03/21/2033.
03/26/2025	Date of grant for 75,000 stock options with an exercise price of $15.66, expiring 03/26/2034.
06/16/2025	Date of earliest transaction reported, specifically the acquisition of 50,000 new stock options.
06/16/2026	First vesting date for 10,000 shares of the newly acquired stock options.
06/16/2027	Second vesting date for 10,000 shares of the newly acquired stock options.
06/16/2028	Third vesting date for 10,000 shares of the newly acquired stock options.
06/16/2029	Fourth vesting date for 10,000 shares of the newly acquired stock options.
06/16/2030	Fifth and final vesting date for 10,000 shares of the newly acquired stock options.
06/16/2035	Expiration date for the newly acquired 50,000 stock options.
06/17/2025	Signature date of the reporting person.

Keywords

UMH Properties, UMH, SEC Form 4, Stock Options, Executive Compensation, Beneficial Ownership, Daniel O. Landy, Equity Grant, Insider Transaction

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