UMH Properties (UMH) CEO updates holdings with stock grant and surrender

Rhea-AI Filing Summary

UMH Properties, Inc. President and CEO Samuel A. Landy, who also serves as a director, reported changes in his ownership of UMH Properties, Inc. common stock. On October 28, 2025, he disposed of 92,992.476 shares at a reported price of $0, described as a voluntary surrender to the company of a restricted stock award granted January 7, 2025, along with related dividend reinvestment shares.

On January 30, 2026, he acquired 34,122 restricted shares at $15.63 per share under the company’s 2023 Equity Incentive Award Plan, scheduled to vest ratably over three years on the anniversary of the grant date. After these transactions, he directly held 1,002,336.704 shares, with additional indirect holdings through his spouse, joint holdings with his spouse, a family trust, and an LLC for grandchildren.

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

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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^*

LANDY SAMUEL A

(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
X	Officer (give title below)		Other (specify below)
	President and CEO

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		92,992.476(1)	D	$0	968,214.704	D
UMH Properties, Inc.	01/30/2026		A		34,122(2)	A	$15.63	1,002,336.704	D
UMH Properties, Inc.								12,127.31	I	Held by Spouse
UMH Properties, Inc.								41,359.12	I	Held with Spouse
UMH Properties, Inc.								50,798.71	I	The Landy 2022 Family Trust
UMH Properties, Inc.								48,000	I	Co-Manager of EWL Grandchildren Fund LLC

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.	$14.36							03/21/2024	03/21/2033	UMH Properties, Inc.	29,500		29,500	D
UMH Properties, Inc.	$13.09							04/02/2019	04/02/2028	UMH Properties, Inc.	50,000		50,000	D
UMH Properties, Inc.	$15.04							04/04/2018	04/04/2027	UMH Properties, Inc.	50,000		50,000	D
UMH Properties, Inc.	$14.25							01/19/2018	01/19/2027	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.
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FAQ

What insider transactions did UMH (UMH) CEO Samuel A. Landy report?

UMH Properties CEO Samuel A. Landy reported surrendering 92,992.476 shares on October 28, 2025, and receiving 34,122 restricted shares on January 30, 2026. These actions adjusted his mix of unrestricted and restricted holdings but maintained a substantial overall ownership stake in the company.

Why were 92,992.476 UMH Properties shares surrendered on October 28, 2025?

The 92,992.476 UMH Properties shares were voluntarily surrendered to the company, tied to a restricted stock award granted January 7, 2025, and related dividend reinvestment shares. This reflects an administrative share adjustment connected to previously granted equity compensation rather than an open-market sale.

What are the terms of the 34,122 restricted UMH shares granted on January 30, 2026?

The 34,122 UMH restricted shares granted on January 30, 2026, were issued under the 2023 Equity Incentive Award Plan. They are scheduled to vest ratably over three years on each anniversary of the grant date, aligning the CEO’s compensation with long-term company performance.

How many UMH Properties shares does CEO Samuel A. Landy hold directly after these transactions?

After the reported transactions, CEO Samuel A. Landy directly held 1,002,336.704 UMH Properties shares. This figure reflects the surrender of 92,992.476 shares tied to a prior restricted award and the new grant of 34,122 restricted shares in early 2026.

What indirect UMH shareholdings are associated with CEO Samuel A. Landy?

In addition to direct holdings, indirect UMH shares are associated with Landy through positions held by his spouse, jointly with his spouse, The Landy 2022 Family Trust, and EWL Grandchildren Fund LLC. These structures reflect family and estate-planning ownership rather than direct personal accounts.

What derivative UMH securities are listed in CEO Samuel A. Landy’s Form 4?

The filing lists derivative securities referencing UMH shares with exercise prices between $13.09 and $15.04 and expiration dates from 2027 to 2033. Each line corresponds to options or similar rights over 29,500 or 50,000 underlying UMH shares held directly by Landy.