UMH Director Anna T. Chew Receives Stock Option Award (20,833)

What Happened
Anna T. Chew, a director and special advisor at UMH Properties, was granted a derivative award on 2026-09-16: 20,833 shares classified as a stock option/derivative with an exercise price of $15.58 per share and a reported aggregate value of $324,578. This is a compensation-style grant (award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-16; filing date (Form 4): 2026-09-18 (timely filing).
• Award: 20,833 derivative shares (stock options) at $15.58 per share; total reported value $324,578.
• Shares owned after transaction: not provided in the supplied filing details.
• Vesting: per footnote — vests 20% per year on each anniversary for five years (4,166.6 shares vest each year from 9/16/2027 through 9/16/2031).
• Filing status: timely (no late filing indicated).

Context
This was a standard director compensation grant in the form of stock options. Because the award vests over five years, the options are not fully exercisable immediately; their value depends on future share price and whether Chew exercises the options once vested. Grants to directors are common and reflect compensation practices rather than a direct open-market bullish purchase.