[Form 4] FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. Insider Trading Activity
Meng Justin reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Meng Justin reported acquisition or exercise transactions in this Form 4 filing.
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. director Justin Meng received an award of 1,584 shares of common stock under the company’s Equity Incentive Plan of 1998, approved by the Board of Directors upon recommendation of the Compensation Committee. Following the grant, he holds 70,847 shares directly. An additional 2,400 shares are held in an IRA for the benefit of his wife, for which he disclaims beneficial ownership.
Insider Trade Summary
| 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 | -- | -- | -- |
Footnotes (3)
- 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 an IRA for the benefit of Mr. Meng's wife, Christine Lee Yoon. Mr. Meng disclaims beneficial ownership of the shares held by the IRA.
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