Board grants 1,584 shares to FREIT (FREVS) secretary

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Form Type

Rhea-AI Filing Summary

AIELLO JOHN A reported acquisition or exercise transactions in this Form 4 filing.

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY reported that Secretary and director John A. Aiello received an award of 1,584 shares of common stock. The shares were granted at no cash cost under the company’s Equity Incentive Plan of 1998.

After this equity award, Aiello directly holds 29,297 common shares. The grant was approved by the Board of Directors based on a recommendation from its Compensation Committee, indicating this was a scheduled compensation-related stock award rather than an open-market purchase.

Insider Trade Summary

Net Buyer: 1,584 shares

Net Buy 1 txn

Insider AIELLO JOHN A

Role Secretary

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01 per share	1,584	$0.00	$0.00

Holdings After Transaction: Common Stock, par value $0.01 per share — 29,297 shares (Direct)

Footnotes (2)

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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/13/2026 - 02:36 PM

FAQ

What insider transaction did FREVS disclose for John A. Aiello?

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY disclosed that Secretary and director John A. Aiello received 1,584 shares of common stock as a stock award. This was a compensation-related grant, not an open-market purchase or sale of shares.

How many FREVS shares did John A. Aiello acquire in this grant?

John A. Aiello acquired 1,584 shares of common stock in this transaction. The shares were granted at a stated price of $0.00 per share under the company’s Equity Incentive Plan of 1998 as part of his compensation package.

What are John A. Aiello’s FREVS holdings after the reported award?

Following the stock award, John A. Aiello directly holds 29,297 shares of FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY common stock. This updated figure reflects his position after receiving the 1,584-share grant described in the Form 4 filing.

Was the FREVS stock grant to John A. Aiello a board-approved award?

Yes. The 1,584-share award of common stock to John A. Aiello was approved by the company’s Board of Directors after a recommendation from its Compensation Committee, consistent with normal governance for equity incentive grants.

Under which plan was John A. Aiello’s FREVS stock award granted?

The 1,584-share grant to John A. Aiello was made under FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY’s Equity Incentive Plan of 1998. This plan provides for equity-based compensation awards such as stock grants to eligible participants.

Is John A. Aiello’s FREVS transaction a market purchase or a compensation grant?

The transaction is a compensation grant, not a market purchase. John A. Aiello received 1,584 shares of common stock at a stated price of $0.00 per share as an equity award approved by the Board under the Equity Incentive Plan of 1998.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

AIELLO JOHN A

(Last)

(First)

(Middle)

C/O GIORDANO, HALLERAN & CIESLA, P.C.

125 HALF MILE ROAD, SUITE 300

(Street)

RED BANK

07701

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. [ FREVS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Secretary

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.01 per share⁽¹⁾	03/12/2026		A⁽²⁾		1,584	A	$0	29,297	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. 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.

2. 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.

	/s/ John A. Aiello	03/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR