Form 4: UMH Properties Executive Vice President Exercises Stock Options
SEC Form 4 Filing
Daniel O. Landy, EVP and President of OZ Fund at UMH Properties, Inc., reports exercising stock options on March 7, 2024.
Summary
- On March 7, 2024, Daniel O. Landy, EVP and President of OZ Fund at UMH Properties, Inc., exercised stock options.
- The transaction involved the acquisition of 8,240 shares of UMH Properties, Inc. at a price of $9.7 per share.
- Following the transaction, Landy directly owns 83,982.18 shares and indirectly owns shares through various entities including The Landy 2022 Family Trust, Juniper Plaza Associates, LTD., Samuel Landy Family LTD Partnership, and Windsor Industrial Park Associates, LTD.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. It's a routine filing and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency regarding insider transactions in publicly traded companies. This filing indicates that an executive exercised stock options, which is a common form of compensation.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the increase in outstanding shares, but the effect is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/25/2021 | Date exercisable for 80,000 options at $0 expiring 03/25/2030 |
| 02/08/2023 | Date exercisable for 78,100 options at $23.81 expiring 03/28/2032 |
| 03/07/2024 | Date of transaction: Daniel O. Landy exercised stock options for 8,240 shares at $9.7. |
| 03/21/2024 | Date exercisable for 75,000 options at $14.36 expiring 03/21/2033 |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.