STOCK TITAN

UMH grants EVP 50K stock options at $15.58

UMH Properties, Inc. (UMH) reported that Executive Vice President and General Counsel Craig Koster received a grant of stock options covering 50,000 shares on September 16, 2026 at an exercise price of $15.58 per share.

(Very High)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

UMH Properties, Inc. (UMH) reported that Executive Vice President and General Counsel Craig Koster received a grant of stock options covering 50,000 shares on September 16, 2026 at an exercise price of $15.58 per share. These options vest in five equal annual installments from September 16, 2027 through September 16, 2031 and are exercisable until September 16, 2036. The filing also lists several previously granted stock option awards and a direct holding of Preferred D shares.

Positive

  • None.

Negative

  • None.

Insights

Analyzing...

Insider Koster Craig
Role EVP and General Counsel
Type Security Shares Price Value
Grant/Award UMH Properties, Inc. F1 50,000 $15.58 $779K
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. — 404,000 contracts for 354,000 underlying shares (Direct); UMH Properties, Inc. — 123,594.63 shares (Direct); UMH Properties, Inc. (Preferred D) — 337.002 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: 10,000 shares vesting on 9/16/2027; 10,000 shares vesting on 9/16/2028; 10,000 shares vesting on 9/16/2029; 10,000 shares vesting on 9/16/2030; and 10,000 shares vesting on 9/16/2031.
New stock option grant 50,000 shares Options on common stock granted to Craig Koster on September 16, 2026
Exercise price of new options $15.58 per share Stock option grant dated September 16, 2026
Option vesting tranches 10,000 shares per year Vesting each September 16 from 2027 through 2031
New option expiration September 16, 2036 Expiration date of the 50,000-share stock option grant
Existing option position 50,000 shares at $16.86 Stock options expiring June 16, 2035, held directly
Existing option position 75,000 shares at $14.36 Stock options expiring March 21, 2033, held directly
Preferred D shares held 337.002 shares Direct holding of UMH Properties, Inc. Preferred D stock
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.
vest financial
"will vest over the next five years, 20% per year on each anniversary date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
anniversary date financial
"20% per year on each anniversary date as follows"
exercise price financial
"Stock options over common shares with an exercise price and stated expiration date"
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.
expiration date financial
"Stock options over common shares with an exercise price and stated expiration date"
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.

FAQ

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

What insider transaction did UMH (UMH) report for Craig Koster on September 16, 2026?

UMH reported that Craig Koster received a grant of stock options for 50,000 shares of common stock on September 16, 2026, at an exercise price of $15.58 per share. This is reported as a compensation-related acquisition, not a market purchase or sale.

How do Craig Koster’s new UMH stock options vest?

The new stock option grant vests over five years, with 10,000 shares vesting on each of September 16, 2027, 2028, 2029, 2030 and 2031. This schedule is disclosed in the footnote describing the vesting terms of the award.

What are the exercise and expiration dates for the new UMH options granted to Craig Koster?

The filing states an exercise (first exercisable) date of September 16, 2027 and an expiration date of September 16, 2036 for the 50,000-share stock option grant at a $15.58 exercise price.

Were Craig Koster’s UMH transactions made under a Rule 10b5-1 trading plan?

The filing indicates no Rule 10b5-1 trading plan for these transactions. The document-level checkbox for trades made pursuant to a Rule 10b5-1 plan is left unchecked.

What other UMH stock option positions for Craig Koster are disclosed in this Form 4?

The Form 4 lists several existing stock option awards, including options over 50,000 shares at $16.86 expiring June 16, 2035, and options over 75,000 shares at $14.36 expiring March 21, 2033, among other grants with different exercise prices and expiration dates.

Does Craig Koster hold any UMH preferred shares according to this filing?

Yes. The filing reports a direct holding of 337.002 shares of UMH Properties, Inc. Preferred D stock as of the reported date. This is disclosed as a holding entry, not as a new transaction.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
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*
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP and General Counsel
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.123,594.63D
UMH Properties, Inc. (Preferred D)337.002D
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.$15.6603/26/202503/26/2034UMH Properties, Inc.50,00050,000D
UMH Properties, Inc.$14.3603/21/202403/21/2033UMH Properties, Inc.75,00075,000D
UMH Properties, Inc.$23.8103/28/202303/28/2032UMH Properties, Inc.39,00039,000D
UMH Properties, Inc.$22.5707/14/202207/14/2031UMH Properties, Inc.50,00050,000D
UMH Properties, Inc.$9.703/25/202103/25/2030UMH Properties, Inc.30,00030,000D
UMH Properties, Inc.$11.4201/02/202001/02/2029UMH Properties, Inc.20,00020,000D
UMH Properties, Inc.$13.0904/02/201904/02/2028UMH Properties, Inc.20,00020,000D
UMH Properties, Inc.$15.0404/04/201804/04/2027UMH Properties, Inc.20,00020,000D
UMH Properties, Inc.$16.8606/16/202606/16/2035UMH Properties, Inc.50,00050,000D
UMH Properties, Inc.$15.5809/16/2026A50,000(1)09/16/202709/16/2036UMH Properties, Inc.50,000$15.5850,000D
Explanation of Responses:
1. This stock option will vest over the next five years, 20% per year on each anniversary date as follows: 10,000 shares vesting on 9/16/2027; 10,000 shares vesting on 9/16/2028; 10,000 shares vesting on 9/16/2029; 10,000 shares vesting on 9/16/2030; and 10,000 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)

Keep reading