STOCK TITAN

UMH CFO granted 29K stock options at $15.58

UMH’s CFO received a new multi-year stock option grant, adding to existing option and preferred share holdings.

(Moderate)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

UMH PROPERTIES, INC. (UMH) reported that Executive Vice President, Chief Financial Officer and Treasurer Kevin S. Miller received a grant of stock options on September 16, 2026. The award covers 29,167 options with an exercise price of $15.58 per share, vesting 20% annually over five years from September 16, 2027 through September 16, 2031. No Rule 10b5-1 trading plan is reported for this grant.

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Insider Miller Kevin S.
Role EVP, CFO, Treasurer
Type Security Shares Price Value
Grant/Award UMH Properties, Inc. F1 29,167 $15.58 $454K
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. — 59,907 contracts for 30,740 underlying shares (Direct); UMH Properties, Inc. — 24,172.35 shares (Direct); UMH Properties, Inc. (Preferred D) — 4,466.28 shares (Direct)
Footnotes (1)
  1. F1. This stock option will vest over the next five years, 20% per year on each anniversary date as follows: 5,833.4 shares vesting on 9/16/2027; 5,833.4 shares vesting on 9/16/2028; 5,833.4 shares vesting on 9/16/2029; 5,833.4 shares vesting on 9/16/2030; and 5,833.4 shares vesting on 9/16/2031.
New stock options granted 29,167 options Grant to CFO on September 16, 2026
Exercise price of new options $15.58 per share New option grant expiring September 16, 2036
Vesting per year 5,833.4 options 20% of 29,167 options vesting annually from 2027 to 2031
Existing options at $14.36 2,000 underlying shares Options expiring March 21, 2033, held directly
Existing options at $15.66 13,740 underlying shares Options expiring March 26, 2034, held directly
Existing options at $18.30 15,000 underlying shares Options expiring March 6, 2035, held directly
Preferred D shares held 4,466.28 shares UMH Properties, Inc. (Preferred D) held directly after transactions
stock option financial
"This stock option will vest over the next five years, 20% per year"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"conversion_or_exercise_price: "15.5800""
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.
vesting financial
"shares vesting on 9/16/2027; 5,833.4 shares vesting on 9/16/2028"
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.
expiration date financial
"expiration_date: "2036-09-16""
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.
Preferred D financial
"UMH Properties, Inc. (Preferred D)"

FAQ

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

What did UMH (UMH) disclose about Kevin S. Miller’s new equity grant?

UMH disclosed that CFO Kevin S. Miller received a grant of 29,167 stock options on September 16, 2026, with an exercise price of $15.58 per share, vesting 20% per year over five years starting September 16, 2027.

What is the vesting schedule for the new UMH (UMH) stock options granted to the CFO?

The stock option grant of 29,167 options vests over five years at 20% per year: 5,833.4 options vest on each of September 16, 2027, 2028, 2029, 2030, and 2031, according to the filing footnote.

What is the exercise price and term of the new UMH (UMH) options granted to the CFO?

The new options granted to the CFO have an exercise price of $15.58 per share, become exercisable beginning September 16, 2027 as they vest, and expire on September 16, 2036, giving a ten-year option term.

What existing stock options does the UMH (UMH) CFO hold according to this filing?

The filing lists outstanding options for 2,000 shares at $14.36 expiring March 21, 2033, 13,740 shares at $15.66 expiring March 26, 2034, and 15,000 shares at $18.30 expiring March 6, 2035, all held directly.

Does the UMH (UMH) CFO hold any preferred shares according to this Form 4?

Yes. The Form 4 reports that the CFO directly holds 4,466.28 shares of UMH Properties, Inc. (Preferred D) after the reported transactions on September 16, 2026.

Were the UMH (UMH) CFO’s reported transactions made under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 trading plan.

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

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
Miller Kevin S.

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP, CFO, Treasurer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
UMH Properties, Inc.24,172.35D
UMH Properties, Inc. (Preferred D)4,466.28D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
UMH Properties, Inc.$14.3603/21/202403/21/2033UMH Properties, Inc.2,0002,000D
UMH Properties, Inc.$15.6603/26/202503/26/2034UMH Properties, Inc.13,74013,740D
UMH Properties, Inc.$18.303/06/202603/06/2035UMH Properties, Inc.15,00015,000D
UMH Properties, Inc.$15.5809/16/2026A29,167(1)09/16/202709/16/2036UMH Properties, Inc.29,167$15.5829,167D
Explanation of Responses:
1. This stock option will vest over the next five years, 20% per year on each anniversary date as follows: 5,833.4 shares vesting on 9/16/2027; 5,833.4 shares vesting on 9/16/2028; 5,833.4 shares vesting on 9/16/2029; 5,833.4 shares vesting on 9/16/2030; and 5,833.4 shares vesting on 9/16/2031.
Nelli Madden09/18/2026
** Signature of Reporting PersonDate
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)

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