LANDY DANIEL O. 4

What Happened Daniel O. Landy, EVP and President of OZ Fund at UMH Properties, received a grant/award of 5,000 shares on 2026-01-21 at a reported price of $16.15 per share, for a total reported value of $80,750. The Form 4 transaction type is coded "A" (award/grant/acquisition) — this is an equity compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-01-21; 5,000 shares @ $16.15 (total $80,750).
• Shares owned after transaction: Not specified in the disclosed excerpt of the filing.
• Footnote: Restricted stock issuance with vesting of 20% each year over a five-year period commencing 1/21/2027.
• Filing timing: Report filed 2026-01-23 for a 2026-01-21 transaction (appears timely under Form 4 reporting rules).
• Transaction code: A = Grant/award (equity compensation).

Context Restricted stock awards are typically compensation/retention grants that vest over time; they do not represent an immediate market purchase or sale and therefore are not a direct market-confidence signal. The vesting schedule means Landy will gain full ownership gradually (20% per year starting 1/21/2027).