FIRST REAL ESTATE INVESTMENT TRUST (FREVS) CEO awarded 1,584 shares
Rhea-AI Filing Summary
Hekemian Robert S Jr reported acquisition or exercise transactions in this Form 4 filing.
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. reported that Chief Executive Officer Robert S. Hekemian Jr received an award of 1,584 shares of common stock on March 12, 2026. The grant was made at a price of $0.00 per share under FREIT's Equity Incentive Plan of 1998, approved by the Board of Directors following a recommendation from the Compensation Committee.
After this award, Hekemian directly holds 220,973 common shares, with additional indirect holdings reported through various trusts, partnerships and his spouse, for many of which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,584 shares
Net Buy
6 txns
Insider
Hekemian Robert S Jr
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 1,584 | $0.00 | $0.00 |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 220,973 shares (Direct);
Common Stock, par value $0.01 per share — 25,458 shares (Indirect, By Trust);
Common Stock, par value $0.01 per share — 20,238 shares (Indirect, By Trusts);
Common Stock, par value $0.01 per share — 1,000 shares (Indirect, By Spouse);
Common Stock, par value $0.01 per share — 147,316 shares (Indirect, By Partnerships)
Footnotes (7)
- 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 in trust for which Mr. Hekemian is a beneficiary. Mr. Hekemian disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
- F4. Shares held by certain trusts for the benefit of Mr. Hekemian's nephews, and of which Mr. Hekemian is trustee. Mr. Hekemian disclaims beneficial ownership of these shares.
- F5. Shares held by Mr. Hekemian's wife. Mr. Hekemian disclaims beneficial ownership of these shares.
- F6. Shares held by certain partnerships in which Mr. Hekemian is a partner. Mr. Hekemian disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
- F7. Shares held in trust by Mr. Hekemian for the benefit of his children. Mr. Hekemian disclaims beneficial ownership of these shares.
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FAQ
What did FREVS CEO Robert Hekemian report in this Form 4 filing?
Robert S. Hekemian Jr reported receiving 1,584 FREVS common shares. The shares were awarded at $0.00 per share as equity compensation under the Equity Incentive Plan of 1998, approved by the Board of Directors after a Compensation Committee recommendation.
Does the FREVS CEO have indirect holdings reported in this Form 4?
Yes, several indirect holdings are reported through trusts, partnerships and his spouse. Many of these positions are held in entities where he is beneficiary, trustee, partner or related, and he disclaims beneficial ownership except for any pecuniary interest described.
Under which plan was the FREVS CEO equity award granted?
The 1,584-share award was granted under the Equity Incentive Plan of 1998. The plan’s award was approved by the Board of Directors of FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC., based on a recommendation from the Board’s Compensation Committee.