[Form 4] FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. Insider Trading Activity
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,584 shares
Net Buy
2 txns
Insider
Meng Justin
Role
Director
| 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 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 70,847 shares (Direct);
Common Stock, par value $0.01 per share — 2,400 shares (Indirect, By Wife)
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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