UMH director awarded shares and stock options

UMH Properties director Todd J. Clark reported new equity awards.

Rhea-AI Filing Summary

UMH Properties director Todd J. Clark reported new equity awards. On 01/21/2026, he received a stock award of 1,220 UMH Properties, Inc. shares at $16.15 per share, bringing his directly held common shares to 3,081.7.

He was also granted a stock option for 12,000 UMH Properties, Inc. shares with an exercise price of $16.15, expiring on 01/21/2036. This option vests over five years, in equal installments of 2,400 shares each year on the anniversaries from 01/21/2027 through 01/21/2031. Both holdings are reported as directly owned.

Insider Trade Summary

Grant/Award: 13,220 shares

Grant/Award 2 txns

Insider Clark Todd J.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	UMH Properties, Inc.	12,000	$16.15	$194K
Grant/Award	UMH Properties, Inc.	1,220	$16.15	$20K

Holdings After Transaction: UMH Properties, Inc. — 12,000 contracts (Direct); UMH Properties, Inc. — 3,081.7 shares (Direct)

Footnotes (2)

1. F1. Stock award for Directors.
2. F2. This stock option will vest over the next five years, 20% per year on each anniversary date as follows: 2,400 shares vesting on 1/21/2027; 2,400 shares vesting on 1/21/2028; 2,400 shares vesting on 1/21/2029; 2,400 shares vesting on 1/21/2030; and 2,400 shares vesting on 1/21/2031.

FAQ

What insider transaction did UMH (UMH) report for Todd J. Clark?

Director Todd J. Clark reported a stock award of 1,220 UMH Properties, Inc. shares and a stock option grant for 12,000 shares, both dated 01/21/2026.

How many UMH Properties, Inc. shares does Todd J. Clark own after this Form 4?

Following the reported transaction, Todd J. Clark directly owns 3,081.7 UMH Properties, Inc. common shares, as disclosed in the filing.

What are the terms of Todd J. Clarks 12,000-share UMH stock option?

The 12,000-share stock option has an exercise price of $16.15 per share, became exercisable starting 01/21/2027, and expires on 01/21/2036.

How does the UMH stock option for Todd J. Clark vest over time?

The option vests over five years at 20% per year: 2,400 shares vest on each anniversary from 01/21/2027 through 01/21/2031, according to the footnote.

Is Todd J. Clarks UMH share ownership reported as direct or indirect?

The Form 4 shows both the 3,081.7 common shares and the 12,000-share stock option as direct (D) ownership, with no separate entity listed.

What is the nature of the 1,220-share award reported by UMH for Todd J. Clark?

A footnote states the 1,220-share award is a stock award for Directors, indicating it is part of director compensation in equity rather than a market purchase.

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Accepted by SEC EDGAR 01/23/2026 - 12:24 PM Learn about SEC filing dates

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^*

Clark Todd J.

(Last) (First) (Middle)

3499 US HWY 9

SUITE 3C

(Street)

FREEHOLD NJ 07728

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UMH PROPERTIES, INC. [ UMH ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/21/2026

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)
			Code	V	Amount	(A) or (D)	Price
UMH Properties, Inc.	01/21/2026		A		1,220(1)	A	$16.15	3,081.7	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
UMH Properties, Inc.	$16.15	01/21/2026		A		12,000(2)		01/21/2027	01/21/2036	UMH Properties, Inc.	12,000	$16.15	12,000	D

Explanation of Responses:

1. Stock award for Directors.

2. This stock option will vest over the next five years, 20% per year on each anniversary date as follows: 2,400 shares vesting on 1/21/2027; 2,400 shares vesting on 1/21/2028; 2,400 shares vesting on 1/21/2029; 2,400 shares vesting on 1/21/2030; and 2,400 shares vesting on 1/21/2031.

	Nelli Madden	01/23/2026
	** 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.
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