UMH EVP Daniel O. Landy Exercises Options and Sells 22,400 Shares

What Happened

• Daniel O. Landy, EVP and President of OZ Fund at UMH Properties (UMH), exercised 22,400 stock options on 2026-08-07 at an exercise price of $9.70, representing $217,280 in option exercise value. The filing also shows the simultaneous disposition of the same 22,400 shares (recorded as a derivative disposition) for the same value.
• This was an option exercise (transaction code M) with an immediate disposition of the underlying shares, so it did not result in a net increase in shareholdings.

Key Details

• Transaction date: 2026-08-07; Filing date: 2026-08-10 (filed timely).
• Exercise price / reported price: $9.70 per share.
• Shares exercised (acquired): 22,400; Shares disposed: 22,400.
• Dollar amounts reported: $217,280 (for the exercised/ disposed shares).
• Footnote F1: Exercise of stock options.
• Shares owned after transaction: not specified in the excerpt of the filing.

Context

• The filing shows both an exercise and an immediate disposition of the same shares — commonly this reflects a cashless exercise or same-day sale to cover exercise costs, meaning the insider did not add to net holdings.
• Purchases typically carry more weight as bullish signals; exercises followed by sales are often routine liquidity or tax-related events and do not necessarily indicate a change in sentiment.