QUIGLEY KENNETH K JR 4

What Happened Kenneth K. Quigley Jr., a director of UMH Properties (UMH), received stock awards on 2026-01-21. The filing shows two acquisitions: 1,220 shares acquired at $16.15 each (total $19,703) and a derivative award of 12,000 shares valued at $16.15 each (total $193,800). The derivative award is a time-vesting grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-01-21; Filing date: 2026-01-23 (timely Form 4 filing within the usual 2-business-day window).
• Prices and values: 1,220 shares × $16.15 = $19,703; 12,000 derivative shares × $16.15 = $193,800; combined value ≈ $213,503.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: F1 — stock award for directors; F2 — the 12,000-share derivative vests 20% per year over five years:
  • 2,400 shares vest 1/21/2027
  • 2,400 shares vest 1/21/2028
  • 2,400 shares vest 1/21/2029
  • 2,400 shares vest 1/21/2030
  • 2,400 shares vest 1/21/2031
• No sale or immediate disposition reported.

Context This was a director compensation award (grant/derivative), which is common for board pay and is different from an open-market purchase. Because the 12,000-share component vests over five years, it represents future compensation subject to continued service rather than an immediate transfer of free shares. Awards like this are informative about company pay practices but do not by themselves signal a buy/sell decision by the insider.