CHEW ANNA T 4

What Happened Anna T. Chew, EVP, CFO and a director of UMH Properties (UMH), reported two transactions. On 2025-10-28 she voluntarily surrendered 72,650.112 restricted shares back to the company (disposition reported at $0). On 2026-01-30 she was granted 26,658 restricted shares with a reported grant value of $15.63 per share (total value ≈ $416,665). The surrender is a disposition of restricted stock (not an open-market sale); the January entry is an equity award rather than a market purchase.

Key Details

• Transactions and amounts:
  • 2025-10-28 — Disposition to issuer: 72,650.112 shares at $0.00 (disposed; total $0). (Footnote F1)
  • 2026-01-30 — Grant/award: 26,658 shares at $15.63 each (total reported value $416,665). (Footnote F2)
• Footnotes:
  • F1: Voluntary surrender to the company of restricted stock awarded Jan 7, 2025, plus related dividend reinvestment shares.
  • F2: Restricted stock granted under the 2023 Equity Incentive Award Plan; these awards vest ratably over three years on the grant anniversary.
• Shares owned after the reported transactions: Not specified in the provided filing.
• Filing timeliness: Both transactions are reported on a Form 4 filed 2026-02-02. The October 28, 2025 disposition was reported months after the transaction; the January 30, 2026 award was reported on the same Form 4.

Context

• The January entry is an equity award (restricted stock) that vests over time, so it is not an immediate open-market purchase and does not necessarily signal near-term stock purchases or sales.
• The October disposition was a voluntary surrender of restricted shares (common for tax/settlement or grant adjustment reasons) rather than a market sale, and therefore should not be read as a straightforward bearish sale of holdings.