UMH Properties (UMH) CFO exercises stock options, retains over 28,000 option shares
Rhea-AI Filing Summary
UMH PROPERTIES, INC. executive Kevin S. Miller, EVP, CFO and Treasurer, reported a stock option exercise. He exercised options for 1,000 shares of UMH common stock at an exercise price of $14.36 per share, resulting in the acquisition of 1,000 directly held shares. The filing also shows remaining directly held stock options covering 13,740 shares at an exercise price of $15.66 expiring in 2034 and 15,000 shares at $18.30 expiring in 2035. In addition, Miller directly holds 4,466.28 shares of UMH Properties, Inc. Preferred D stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000 shares
Net Buy
5 txns
Insider
Miller Kevin S.
Role
EVP, CFO, Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | UMH Properties, Inc. F1 | 1,000 | $14.36 | $14K |
| Exercise | UMH Properties, Inc. F1 | 1,000 | $14.36 | $14K |
| holding | UMH Properties, Inc. | -- | -- | -- |
| holding | UMH Properties, Inc. | -- | -- | -- |
| holding | UMH Properties, Inc. (Preferred D) | -- | -- | -- |
Holdings After Transaction:
UMH Properties, Inc. — 54,781.12 shares (Direct);
UMH Properties, Inc. (Preferred D) — 4,466.28 shares (Direct)
Footnotes (1)
- F1. Exercise of stock options.
Key Figures
Options exercised: 1,000 shares
Exercise price: $14.36 per share
Remaining options 2034: 13,740 shares at $15.66
+2 more
5 metrics
Options exercised
1,000 shares
Stock options exercised by Kevin S. Miller at $14.36 per share
Exercise price
$14.36 per share
Exercise or conversion price for 1,000 underlying common shares
Remaining options 2034
13,740 shares at $15.66
Directly held stock options expiring 2034-03-26
Remaining options 2035
15,000 shares at $18.30
Directly held stock options expiring 2035-03-06
Preferred D holdings
4,466.28 shares
Directly held UMH Properties, Inc. (Preferred D) after transactions
Key Terms
stock options, exercise price, expiration date
3 terms
stock options financial
"Footnote F1: "Exercise of stock options.""
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
exercise price financial
""conversion_or_exercise_price": "14.3600" for the exercised options"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
""expiration_date": "2034-03-26" for one option grant"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did UMH (UMH) CFO Kevin S. Miller report in this Form 4?
Kevin S. Miller reported exercising stock options for 1,000 UMH common shares at an exercise price of $14.36 per share, increasing his directly held common stock through an option exercise rather than an open-market purchase or sale.
At what price were the UMH (UMH) stock options exercised by the CFO?
The reported stock options were exercised at an exercise price of $14.36 per share. This price reflects the strike price of the options granted earlier, not necessarily the current market price on the exercise date.
How many UMH (UMH) stock options does the CFO still hold after this transaction?
After the reported exercise, Miller still holds stock options on 13,740 shares at $15.66 expiring in 2034 and 15,000 shares at $18.30 expiring in 2035, all reported as directly owned derivative positions.
Does the UMH (UMH) Form 4 show any common stock sales by the CFO?
The Form 4 shows a stock option exercise for 1,000 shares and the acquisition of those shares, but it does not report any open-market sales of UMH common stock in this filing.