Hekemian David 4
4 · FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
FREVS Director David Hekemian Receives 1,584-Share Award
What Happened
- David Hekemian, a director of First Real Estate Investment Trust of New Jersey, Inc. (FREVS), was granted 1,584 shares of common stock on March 12, 2026. The award was reported at $0.00 per share (aggregate value $0) and was issued under FREIT’s Equity Incentive Plan of 1998.
Key Details
- Transaction date: 2026-03-12; Form 4 filed 2026-03-13 (timely filing).
- Transaction type: Award/Grant (code A); 1,584 shares acquired at $0.00 per share (aggregate $0).
- Plan: Award issued under FREIT’s Equity Incentive Plan of 1998, approved by the Board on recommendation of the Compensation Committee (footnote F2).
- Shares owned after transaction: Not specified in the provided summary — see the full Form 4 for total beneficial ownership.
- Notable footnotes from the filing:
- F1: Shares are common stock (par $0.01) following FREIT’s 2021 reincorporation conversion.
- F3–F8: Some FREVS shares are held by entities, trusts or family members (partnerships/LLCs, trusts for relatives, a foundation, and spouse); Mr. Hekemian disclaims beneficial ownership of certain trust/foundation/spouse-held shares per the footnotes.
- No sale or exercise occurred—this was a grant of common stock (not a purchase or option exercise).
Context
- This was a compensation award rather than an open-market purchase; such awards are commonly part of director compensation and do not by themselves indicate insider buying or selling sentiment.
- There’s no indication in the reported transaction that the shares were immediately sold, used to cover taxes, or subject to a cashless exercise. For complete ownership details and any vesting/tax withholding info, review the full Form 4 filing.
Insider Transaction Report
Form 4
Hekemian David
Director
Transactions
- Award
Common Stock, par value $0.01 per share
[F1][F2]2026-03-12+1,584→ 217,636 total
Holdings
- 147,316(indirect: By LLC)
Common Stock, par value $0.01 per share
[F1][F3] - 22,506(indirect: By Trust)
Common Stock, par value $0.01 per share
[F1][F4] - 25,470(indirect: By Trust)
Common Stock, par value $0.01 per share
[F1][F5] - 88,940(indirect: By Foundation)
Common Stock, par value $0.01 per share
[F1][F6] - 6,000(indirect: By Trust)
Common Stock, par value $0.01 per share
[F1][F7] - 2,750(indirect: By Spouse)
Common Stock, par value $0.01 per share
[F1][F8]
Footnotes (8)
- [F1]Prior to the reincorporation of First Real Estate Investment Trust of New Jersey, Inc. ("FREIT") from a New Jersey real estate investment trust to a Maryland corporation on July 1, 2021, FREIT's equity securities were beneficial interests in FREIT that were designated as "shares" without par value. In connection with the reincorporation of FREIT as a Maryland corporation, FREIT's shares of beneficial interest were converted to shares of common stock, par value $0.01 per share, on a 1-for-1 basis.
- [F2]Award of shares of Common Stock, par value $0.01 per share, under FREIT's Equity Incentive Plan of 1998. Such award was approved by FREIT's Board of Directors upon the recommendation of the Compensation Committee of the Board.
- [F3]Shares held by certain partnerships and limited liability companies in which Mr. Hekemian is a partner or member.
- [F4]Shares held in by a certain trust for the benefit of Mr. Hekemian's nephews, of which Mr. Hekemian is the trustee. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust.
- [F5]Shares held in a certain trust, of which Mr. Hekemian is a beneficiary. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust except to the extent of his pecuniary interest therein.
- [F6]Shares held by the Robert and Mary Jane Hekemian Foundation, Inc., of which Mr. Hekemian is the Vice President/Treasurer. Mr. Hekemian disclaims beneficial ownership of the shares held by the Robert and Mary Jane Hekemian Foundation, Inc.
- [F7]Shares held in a certain trust for the benefit of Mr. Hekemian's children, of which Mr. Hekemian is the trustee. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust.
- [F8]Shares held by Mr. Hekemian's wife. Mr. Hekemian disclaims beneficial ownership of the shares held by his wife.
Signature
/s/ David B. Hekemian|2026-03-13