UMH Properties, Inc. (UMH) director receives stock award and 12,000-share option grant

Rhea-AI Filing Summary

UMH Properties, Inc. director Jeffrey A. Carus reported new equity awards in the company. On January 21, 2026, he acquired 1,220 shares of UMH Properties, Inc. common stock as a stock award for directors at a price of $16.15 per share, bringing his directly held common stock to 31,684.73 shares.

On the same date, he was also granted a stock option for 12,000 shares of UMH Properties, Inc. common stock at an exercise price of $16.15 per share. This option vests over five years, with 2,400 shares vesting each year on 1/21/2027, 1/21/2028, 1/21/2029, 1/21/2030, and 1/21/2031. He also reports indirect holdings of 729.39 and 620.58 common shares in custodial accounts for his sons and 500 shares of Preferred D directly.

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

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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^*

Carus Jeffrey A

(Last) (First) (Middle)

3499 ROUTE 9 NORTH, 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	31,684.73	D
UMH Properties, Inc.								729.39	I	Custodial account for Son, Daniel
UMH Properties, Inc.								620.58	I	Custodial account for Son, Ethan
UMH Properties, Inc. (Preferred D)								500	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.	$15.8							01/10/2025	01/10/2034	UMH Properties, Inc.	11,000		11,000	D
UMH Properties, Inc.	$14.36							03/21/2024	03/21/2033	UMH Properties, Inc.	10,000		10,000	D
UMH Properties, Inc.	$16.86							06/16/2026	06/16/2035	UMH Properties, Inc.	12,000		12,000	D
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.
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FAQ

What did UMH (UMH) director Jeffrey A. Carus report on this Form 4?

He reported receiving a stock award of 1,220 UMH Properties, Inc. common shares at $16.15 per share and a stock option for 12,000 shares with an exercise price of $16.15 per share, both dated January 21, 2026.

How many UMH Properties, Inc. common shares does Jeffrey A. Carus own directly after these transactions?

Following the reported stock award, Jeffrey A. Carus directly beneficially owns 31,684.73 shares of UMH Properties, Inc. common stock.

What are the terms of Jeffrey A. Carus’s new UMH stock option grant?

The new stock option covers 12,000 shares of UMH Properties, Inc. common stock at an exercise price of $16.15 per share and will vest over five years at 20% (2,400 shares) each year on 1/21/2027, 1/21/2028, 1/21/2029, 1/21/2030, and 1/21/2031.

What does the transaction code "A" mean in this UMH Form 4 filing?

In this filing, the transaction code "A" indicates an acquisition of securities, here representing a stock award of 1,220 common shares and the grant of a 12,000-share stock option to director Jeffrey A. Carus.

Does Jeffrey A. Carus have any indirect holdings of UMH shares?

Yes. He reports 729.39 shares held indirectly in a custodial account for his son Daniel and 620.58 shares held indirectly in a custodial account for his son Ethan, in addition to 500 shares of UMH Properties, Inc. Preferred D stock held directly.

Are the equity awards to Jeffrey A. Carus part of a director compensation program at UMH?

A footnote states that the 1,220 common shares were a "Stock award for Directors", indicating they were issued as part of director compensation. The 12,000-share stock option grant accompanies this award and includes the specified five-year vesting schedule.