Mitchell William Edward 4

What Happened

• Mitchell William Edward, a director of UMH PROPERTIES, received equity awards on 2026-01-21: 1,220 ordinary shares at $16.15 each (total $19,703) and a 12,000-share derivative award valued at $16.15 per share (total $193,800). These were reported on a Form 4 filed 2026-01-23.
• These awards are director compensation (footnote F1). The 12,000-share derivative is a time-vesting award (footnote F2), not an immediate open-market purchase or sale.

Key Details

• Transaction date: 2026-01-21; Filing date: 2026-01-23 (filed within the Form 4 reporting window).
• Awards: 1,220 shares acquired at $16.15 ($19,703) + 12,000-share derivative award at $16.15 ($193,800); combined notional value $213,503.
• Vesting schedule for the 12,000-share derivative: vests 20% per year — 2,400 shares vesting on each anniversary 1/21/2027, 1/21/2028, 1/21/2029, 1/21/2030, and 1/21/2031 (footnote F2).
• Shares owned after the transaction: not disclosed in the filing.
• Nature of transaction code: A = grant/award. This is compensation, not a sale or market purchase.

Context

• Director awards are common as compensation and do not necessarily indicate personal trading intent; the derivative award vests over five years, so the director cannot access all shares immediately.
• Because this was an award (not an exercise or a sale), there was no immediate cashless exercise or proceeds reported.