UMH Properties grants Craig Koster 8,710 restricted shares

UMH's EVP and General Counsel's restricted shares are subject to performance milestones, with achievement determined following the Form 10-K for the year ending December 31, 2028.

Rhea-AI Filing Summary

UMH Properties, Inc. reported that Craig Koster, its EVP and General Counsel, received a grant of 8,710 restricted shares on October 6, 2026. Vesting is subject to achievement of previously established performance milestones, with achievement to be determined following the filing of UMH's Form 10-K for the year ending December 31, 2028. Craig Koster's direct derivative positions include 50,000 underlying shares at a $15.66 exercise price, expiring March 26, 2034, and 75,000 underlying shares at a $14.36 exercise price, expiring March 21, 2033.

Insider Trade Summary

Grant/Award: 8,710 shares

Grant/Award 12 txns

Insider Koster Craig

Role EVP and General Counsel

Type	Security	Shares	Price	Value
Grant/Award	UMH Properties, Inc. F1	8,710	$0.00	$0.00
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc.	--	--	--
holding	UMH Properties, Inc. (Preferred D)	--	--	--

Holdings After Transaction: UMH Properties, Inc. — 134,129.81 shares (Direct); UMH Properties, Inc. — 404,000 contracts (Direct); UMH Properties, Inc. (Preferred D) — 337.002 shares (Direct)

Footnotes (1)

1. F1. Restricted stock granted to named executive officer. The vesting of these restricted shares of stock is subject to the achievement of certain previously established performance milestones. Whether such performance milestones have been achieved will be determined following the filing of the Company's Form 10-K for the year ending December 31, 2028.

Key Figures

Restricted stock grant: 8,710 shares Underlying shares: 50,000 shares Underlying shares: 75,000 shares

3 metrics

Restricted stock grant 8,710 shares Granted October 6, 2026; vesting subject to performance milestones

Underlying shares 50,000 shares Direct derivative position; $15.66 exercise price; expiration March 26, 2034

Underlying shares 75,000 shares Direct derivative position; $14.36 exercise price; expiration March 21, 2033

Key Terms

restricted stock, vesting, performance milestones

3 terms

restricted stock financial

"Restricted stock granted to named executive officer"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vesting financial

"vesting of these restricted shares of stock"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

performance milestones financial

"subject to the achievement of certain previously established performance milestones"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many restricted shares did UMH's EVP and General Counsel receive?

Craig Koster, UMH's EVP and General Counsel, received 8,710 restricted shares on October 6, 2026. Vesting is subject to achievement of previously established performance milestones, which will be determined following the filing of UMH's Form 10-K for the year ending December 31, 2028.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/08/2026 - 01:41 PM Accepted by SEC EDGAR 10/08/2026 - 01:41 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^*

Koster Craig

(Last) (First) (Middle)

3499 US HIGHWAY 9

SUITE 3C

(Street)

FREEHOLD NEW JERSEY 07728

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/06/2026

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

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

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

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.	10/06/2026		A		8,710(1)	A	$0	134,129.81	D
UMH Properties, Inc. (Preferred D)								337.002	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.	$15.66							03/26/2025	03/26/2034	UMH Properties, Inc.	50,000		50,000	D
UMH Properties, Inc.	$14.36							03/21/2024	03/21/2033	UMH Properties, Inc.	75,000		75,000	D
UMH Properties, Inc.	$23.81							03/28/2023	03/28/2032	UMH Properties, Inc.	39,000		39,000	D
UMH Properties, Inc.	$22.57							07/14/2022	07/14/2031	UMH Properties, Inc.	50,000		50,000	D
UMH Properties, Inc.	$9.7							03/25/2021	03/25/2030	UMH Properties, Inc.	30,000		30,000	D
UMH Properties, Inc.	$11.42							01/02/2020	01/02/2029	UMH Properties, Inc.	20,000		20,000	D
UMH Properties, Inc.	$13.09							04/02/2019	04/02/2028	UMH Properties, Inc.	20,000		20,000	D
UMH Properties, Inc.	$15.04							04/04/2018	04/04/2027	UMH Properties, Inc.	20,000		20,000	D
UMH Properties, Inc.	$16.86							06/16/2026	06/16/2035	UMH Properties, Inc.	50,000		50,000	D
UMH Properties, Inc.	$15.58							09/16/2027	09/16/2036	UMH Properties, Inc.	50,000		50,000	D

Explanation of Responses:

1. Restricted stock granted to named executive officer. The vesting of these restricted shares of stock is subject to the achievement of certain previously established performance milestones. Whether such performance milestones have been achieved will be determined following the filing of the Company's Form 10-K for the year ending December 31, 2028.

	Nelli Madden	10/08/2026
	** 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.
* Form 4: SEC 1474 (03-26)