UMH EVP Daniel Landy Exercises Stock Options

What Happened
Daniel O. Landy, EVP and President of OZ Fund at UMH Properties (UMH), exercised 11,000 stock options on August 6, 2026 at an exercise price of $9.70 per share (total cost $106,700) and a matching disposition of 11,000 shares was reported the same day (value shown at $106,700). The filing footnote (F1) confirms these were option exercises.

Key Details

• Date(s) and price(s): 2026-08-06 — Exercise (code M): 11,000 shares @ $9.70 = $106,700 (Acquired); 11,000 shares @ $9.70 = $106,700 (Disposed, derivative).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 — Exercise of stock options.
• Transaction code: M = Option exercise.
• Filing timeliness: No late filing indication provided in the excerpt.

Context
Because the same number of shares were acquired by exercise and disposed of the same day, this appears to be an exercise paired with an immediate sale (commonly a cashless exercise or sale to cover exercise costs/taxes). Such transactions are often routine and do not necessarily signal a change in the insider’s view of the company. Purchases generally carry more informational weight for retail investors than exercises followed by sales.