Hekemian David 4

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.