HIRSCH MATTHEW I 4

What Happened

• Matthew I. Hirsch, a director of UMH PROPERTIES, INC. (UMH), was granted stock awards on 2026-01-21. The filing shows two awards: 1,220 shares at $16.15 per share (value $19,703) and a 12,000‑share derivative award at $16.15 per share (value $193,800). Both transactions are coded as "A" (award/grant), not open‑market purchases or sales. Total value of the grants is $213,503.

Key Details

• Transaction date and price: 2026-01-21, $16.15 per share for both awards.
• Share counts and values: 1,220 shares ($19,703) + 12,000 derivative shares ($193,800) = 13,220 shares (~$213,503).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: F1 = stock award for directors; F2 = the 12,000‑share derivative award vests 20% per year (2,400 shares) on each anniversary from 1/21/2027 through 1/21/2031.
• Filing status: Report filed 2026-01-23 for transactions dated 2026-01-21 — appears to be timely (Form 4 is generally due within two business days).

Context

• The 12,000‑share grant is a time‑vesting derivative award (not an immediate sale or open‑market buy); 2,400 shares will vest each year for five years starting 1/21/2027. Director awards are common compensation/retention tools and do not necessarily signal immediate buying or selling intent.