Form 4: UMH Properties Executive Updates Beneficial Ownership
SEC Form 4
Daniel O. Landy, EVP and President of OZ Fund at UMH Properties, reports changes in beneficial ownership of company stock, including shares acquired through dividend reinvestment.
Summary
- Daniel O. Landy, an executive at UMH Properties, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report includes direct and indirect holdings of UMH Properties, Inc. stock.
- Landy directly owns 85,288.83 shares, including shares acquired through dividend reinvestment and shares held in a 401(k).
- He indirectly owns shares through The Landy 2022 Family Trust (46,954.01 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 of common stock and 900 shares of preferred stock).
- The report also details ownership of derivative securities (options) with varying exercise prices and expiration dates, totaling 485,860 options.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment, but rather provides information for investors to interpret.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for investors to gauge management's confidence in the company.
Comparison to Industry Standards
- Tracking insider transactions is a common practice in financial analysis.
- Comparing Landy's holdings and transactions to those of other executives in similar REITs (e.g., executives at companies like Equity LifeStyle Properties or Sun Communities) can provide context.
- Analyzing the ratio of insider buying to selling across the industry can indicate overall sentiment towards the manufactured housing sector.
Stakeholder Impact
- Shareholders can use this information to assess the confidence of a key executive in the company's prospects.
- The filing provides transparency to the market regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 03/25/2021 | Options exercisable for UMH Properties, Inc. at $9.70, expiring 03/25/2030 (71,760 options). |
| 07/14/2022 | Options exercisable for UMH Properties, Inc. at $22.57, expiring 07/14/2031 (100,000 options). |
| 02/08/2023 | Options exercisable for UMH Properties, Inc. at $23.81, expiring 03/28/2032 (78,100 options). |
| 03/21/2024 | Options exercisable for UMH Properties, Inc. at $14.36, expiring 03/21/2033 (75,000 options). |
| 06/17/2024 | Date of the earliest transaction reported; dividend reinvestment occurred. |
| 07/03/2024 | Date of the report filing. |
| 03/26/2025 | Options exercisable for UMH Properties, Inc. at $15.66, expiring 03/26/2034 (75,000 options). |
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