Levy Stuart 4

What Happened

• Stuart Levy, a director of UMH Properties (UMH), was granted a total economic package on 2026-01-21 comprising 1,220 immediate shares and a 12,000-share derivative award (listed as a derivative grant). The grants were priced at $16.15 per share: 1,220 × $16.15 = $19,703 and 12,000 × $16.15 = $193,800, for a combined value of about $213,503. This was an award/grant (compensation), not a market purchase or sale.

Key Details

• Transaction date: 2026-01-21; Filing date: 2026-01-23 (filed two days after the transaction).
• Prices and values: $16.15 per share; 1,220 shares = $19,703; 12,000 derivative shares = $193,800; total ≈ $213,503.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 indicates the 1,220 is a stock award for directors; F2 explains the 12,000-share derivative vests 20% per year over five years (2,400 shares vesting each 1/21 from 2027–2031).
• Timeliness: Filing appears to be within the Form 4 two-business-day requirement.

Context

• The 1,220 shares were delivered as a stock award (typical director compensation). The 12,000-share derivative is a time-vesting award (not immediately exercisable/transferable); it vests 20% per year over five years, so the award converts into deliverable shares in installments if Levy remains a director. Awards to directors are routine compensation and do not by themselves indicate insider buying or selling sentiment.