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FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.·4

Mar 13, 2:36 PM ET

Aslanian Richard 4

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FREVS Director Richard Aslanian Receives 1,584 Share Award

What Happened

  • Richard Aslanian, a director of First Real Estate Investment Trust of New Jersey, Inc. (ticker: FREVS), received an award of 1,584 shares of common stock on March 12, 2026. The shares were granted at $0.00 per share (award/grant), so the reported acquisition value is $0. This was a compensatory grant under the company's equity incentive plan, not an open‑market purchase or sale.

Key Details

  • Transaction date: 2026-03-12; Filing date: 2026-03-13 (timely filing).
  • Transaction type/code: Award/Grant (A).
  • Shares acquired: 1,584; Price per share: $0.00; Reported acquisition value: $0.
  • Shares owned after transaction: Not specified in the provided filing.
  • Relevant footnotes:
    • F1: Historical note on FREIT’s 2021 reincorporation from a NJ REIT to a Maryland corporation and 1-for-1 conversion of prior “shares” to common stock.
    • F2: Grant was made under FREIT’s Equity Incentive Plan of 1998 and approved by the Board/Compensation Committee.
  • No indication of a sale, option exercise, tax withholding, or 10b5-1 plan in this filing.

Context

  • Awards like this are typically compensatory (part of director/executive pay) and do not represent an open‑market purchase signal. The filing does not disclose vesting or restriction terms for the awarded shares; those terms, if any, would be governed by the Equity Incentive Plan and related award agreement.