Form 4: UMH Properties Executive Daniel Landy Updates Beneficial Ownership in Latest SEC Filing
Insider Ownership Report
Daniel O. Landy, EVP and President of OZ Fund for UMH Properties, Inc., has filed an updated Form 4 detailing his direct and indirect beneficial ownership of common and preferred stock, including shares acquired through dividend reinvestment.
Summary
- Daniel O. Landy, EVP and President of OZ Fund for UMH Properties, Inc. (UMH), filed a Form 4 statement of changes in beneficial ownership.
- Direct beneficial ownership of UMH Properties, Inc. common stock totals 93,137.5 shares, which includes 225.39 shares acquired through dividend reinvestment on June 16, 2025, and 7,088 shares held in a 401(k) as of June 30, 2025.
- Indirect beneficial ownership of UMH Properties, Inc. common stock totals 128,088.19 shares, held through various entities: 49,295.19 shares via The Landy 2022 Family Trust (including 673.23 shares from dividend reinvestment on June 16, 2025), 37,903 shares via Juniper Plaza Associates, LTD., 16,220 shares via Samuel Landy Family LTD Partnership, and 24,670 shares via Windsor Industrial Park Associates, LTD.
- Indirect beneficial ownership also includes 900 shares of UMH Properties, Inc. Preferred D stock held via Windsor Industrial Park Associates, LTD.
- Landy directly holds 585,860 derivative securities (stock options) for UMH Properties, Inc. common stock, with exercise prices ranging from $9.70 to $23.81 and expiration dates between March 28, 2028, and June 16, 2035.
Sentiment
Score: 6
Explanation: The document is a routine insider ownership filing, primarily factual. The dividend reinvestment indicates a positive, albeit minor, signal of confidence, leading to a slightly positive sentiment.
Positives
- Significant insider ownership by Daniel O. Landy, EVP and President of OZ Fund, aligns his interests with those of public shareholders.
- The acquisition of shares through dividend reinvestment by both direct holdings (225.39 shares) and indirect holdings (673.23 shares by The Landy 2022 Family Trust) indicates a continued commitment to increasing ownership and confidence in the company's performance.
Future Outlook
The Form 4 filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic direction.
Industry Context
UMH Properties, Inc. operates as a Real Estate Investment Trust (REIT) specializing in manufactured housing communities. This Form 4 filing is a routine disclosure of insider ownership, common across all publicly traded companies, including REITs, providing transparency on the extent of management's stake in the company.
Related Party Transactions
- Indirect beneficial ownership through The Landy 2022 Family Trust (49,295.19 shares of common stock).
- Indirect beneficial ownership through Juniper Plaza Associates, LTD. (37,903 shares of common stock).
- Indirect beneficial ownership through Samuel Landy Family LTD Partnership (16,220 shares of common stock).
- Indirect beneficial ownership through Windsor Industrial Park Associates, LTD. (24,670 shares of common stock and 900 shares of Preferred D stock).
Stakeholder Impact
- Shareholders: The filing provides transparency on the extent of insider ownership, which can be viewed positively as it aligns management's interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/02/2019 | Date exercisable for 1,000 derivative securities with an exercise price of $13.09. |
| 07/09/2019 | Date exercisable for 10,000 derivative securities with an exercise price of $15.75. |
| 12/10/2019 | Date exercisable for 25,000 derivative securities with an exercise price of $12.94. |
| 04/02/2020 | Date exercisable for 100,000 derivative securities with an exercise price of $13.90. |
| 03/25/2021 | Date exercisable for 71,760 derivative securities with an exercise price of $9.70. |
| 07/14/2022 | Date exercisable for 100,000 derivative securities with an exercise price of $22.57. |
| 02/08/2023 | Date exercisable for 78,100 derivative securities with an exercise price of $23.81. |
| 03/21/2024 | Date exercisable for 75,000 derivative securities with an exercise price of $14.36. |
| 03/26/2025 | Date exercisable for 75,000 derivative securities with an exercise price of $15.66. |
| 06/16/2025 | Earliest transaction date reported; dividend reinvestment for 225.39 direct shares and 673.23 indirect shares via The Landy 2022 Family Trust. |
| 06/30/2025 | Date as of which 7,088 shares are held in 401(k). |
| 06/16/2026 | Date exercisable for 50,000 derivative securities with an exercise price of $16.86. |
| 04/02/2028 | Expiration date for 1,000 derivative securities. |
| 07/09/2028 | Expiration date for 10,000 derivative securities. |
| 12/10/2028 | Expiration date for 25,000 derivative securities. |
| 04/02/2029 | Expiration date for 100,000 derivative securities. |
| 03/25/2030 | Expiration date for 71,760 derivative securities. |
| 07/14/2031 | Expiration date for 100,000 derivative securities. |
| 03/28/2032 | Expiration date for 78,100 derivative securities. |
| 03/21/2033 | Expiration date for 75,000 derivative securities. |
| 03/26/2034 | Expiration date for 75,000 derivative securities. |
| 06/16/2035 | Expiration date for 50,000 derivative securities. |
Keywords
UMH Properties, Daniel O. Landy, SEC Form 4, Insider Ownership, Beneficial Ownership, Stock Options, Dividend Reinvestment, Real Estate Investment Trust, REIT, Corporate Governance
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