Uleau Adrienne 4

What Happened

• Adrienne Uleau, Chief Financial Officer and Vice President of AMREP Corporation (ticker: AXR), received a grant of 2,250 restricted common shares on July 13, 2026. The reported acquisition price is $0 (award/grant), not an open-market purchase or sale. The award vests in three equal annual installments of 750 shares on July 13 of 2027, 2028 and 2029, subject to continued employment.

Key Details

• Transaction date: July 13, 2026 (Form 4 filed July 14, 2026).
• Transaction type/code: Award/Grant (A).
• Shares granted: 2,250 restricted shares; reported price $0.
• Vesting: 750 shares vest on July 13, 2027; 750 on July 13, 2028; 750 on July 13, 2029 (per footnote).
• Plan: Granted under the AMREP Corporation 2016 Equity Compensation Plan (footnote F1).
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Filed the next day (July 14, 2026), which is timely under Form 4 rules.

Context

• This is a compensation award of restricted stock, meaning the shares are subject to forfeiture until they vest and do not represent an immediate market purchase or sale. Such grants are common for executive pay; they reflect compensation arrangements rather than a direct bullish or bearish trading signal.