UMH Properties EVP Craig Koster Receives 50,000-Share Option Award

What Happened
Craig Koster, EVP and General Counsel of UMH Properties (UMH), was granted a derivative award of 50,000 stock options on 2026-09-16. The grant shows a per-share price/strike of $15.58, for an aggregate grant value of $779,000. This transaction is an award/acquisition (not a sale) and represents a compensation grant rather than an immediate purchase or sale of shares.

Key Details

• Transaction date: 2026-09-16; filing date: 2026-09-18 (filed timely).
• Instrument: stock option award (derivative) with strike/exercise price $15.58.
• Quantity/value: 50,000 options; reported aggregate value $779,000.
• Vesting: 20% per year over five years — 10,000 options vesting each anniversary on 9/16/2027, 2028, 2029, 2030, and 2031 (footnote).
• Shares owned after transaction: not specified in the filing.
• Transaction code: "A" = award/grant.

Context
This was an option grant (a common form of executive compensation). The options were granted but not exercised or sold; vesting is phased over five years, so any ownership or potential sale depends on future vesting and any exercise decisions. The filing appears timely (reported two days after the grant).