STOCK TITAN

UMH Properties (UMH) EVP gains 4,159 restricted shares, surrenders prior award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

UMH Properties, Inc. executive Craig Koster, EVP and General Counsel, reported changes in his stock holdings. On October 28, 2025, he voluntarily surrendered 11,333.17 shares of restricted stock and related dividend reinvestment shares back to the company. On January 30, 2026, he received a grant of 4,159 restricted shares at $15.63 per share under UMH’s 2023 Equity Incentive Award Plan, which will vest ratably over three years on each anniversary of the grant date.

After these transactions, Koster directly beneficially owned 119,378.28 shares of UMH common stock and 337.002 shares of UMH preferred D shares. He also held multiple stock option awards on UMH common stock, each covering between 20,000 and 75,000 shares, with exercise prices from $9.70 to $23.81 and expiration dates ranging from 2027 to 2035.

Positive

  • None.

Negative

  • None.
Insider Koster Craig
Role EVP and General Counsel
Type Security Shares Price Value
Grant/Award UMH Properties, Inc. 4,159 $15.63 $65K
Disposition UMH Properties, Inc. 11,333.17 $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. (Preferred D) -- -- --
Holdings After Transaction: UMH Properties, Inc. — 119,378.28 shares (Direct); UMH Properties, Inc. (Preferred D) — 337.002 shares (Direct)
Footnotes (1)
  1. Voluntary surrender to the Company of restricted stock award granted January 7, 2025, and related dividend reinvestment shares. Restricted stock granted to the named executive officers under the Company's 2023 Equity Incentive Award Plan to vest ratably over three years on the anniversary of the grant date.
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 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP and General Counsel
3. Date of Earliest Transaction (Month/Day/Year)
10/28/2025
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. 10/28/2025 D 11,333.17(1) D $0 115,219.28 D
UMH Properties, Inc. 01/30/2026 A 4,159(2) A $15.63 119,378.28 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
Explanation of Responses:
1. Voluntary surrender to the Company of restricted stock award granted January 7, 2025, and related dividend reinvestment shares.
2. Restricted stock granted to the named executive officers under the Company's 2023 Equity Incentive Award Plan to vest ratably over three years on the anniversary of the grant date.
Nelli Madden 02/02/2026
** 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.

FAQ

What did UMH (UMH) EVP and General Counsel Craig Koster report in this Form 4?

Koster reported one surrender and one grant of UMH common stock. He voluntarily surrendered 11,333.17 restricted shares, then received 4,159 restricted shares at $15.63, plus updated his holdings in preferred shares and multiple stock option awards.

How many UMH common shares does Craig Koster own after the reported transactions?

After the reported transactions, Craig Koster directly beneficially owned 119,378.28 shares of UMH Properties, Inc. common stock. This figure reflects the voluntary surrender of restricted shares and the subsequent 4,159-share restricted stock grant reported in the filing.

What was the size and price of Craig Koster’s new UMH restricted stock grant?

Koster received a grant of 4,159 shares of UMH common stock at $15.63 per share. The grant was made under UMH’s 2023 Equity Incentive Award Plan and is scheduled to vest ratably over three years on each anniversary of the grant date.

Why did Craig Koster surrender 11,333.17 UMH shares on October 28, 2025?

The 11,333.17 shares were voluntarily surrendered to UMH in connection with a restricted stock award granted on January 7, 2025 and related dividend reinvestment shares. This surrender is described in the Form 4 footnote as a voluntary return to the company.

What equity incentive plan governs Craig Koster’s new UMH restricted stock grant?

The 4,159-share restricted stock grant to Craig Koster was issued under UMH Properties, Inc.’s 2023 Equity Incentive Award Plan. According to the filing, these shares will vest in equal installments over three years on the anniversary of the grant date.

What stock options on UMH common stock does Craig Koster hold according to this filing?

Koster holds several UMH stock option awards, each covering 20,000 to 75,000 shares, with exercise prices between $9.70 and $23.81. These options have expiration dates between 2027 and 2035, reflecting long-term equity-based compensation.