Daniel O. Landy, EVP and President of OZ Fund at UMH Properties, Inc., filed a Form 4 on November 12, 2026, reporting the exercise of 2,500 stock options in UMH Properties, Inc. common shares on that same date.

Key Highlights

  • Transaction: Landy exercised 2,500 stock options (transaction code M) on November 12, 2026, acquiring 2,500 shares at $9.70 per share.
  • Direct ownership after transaction: Landy directly holds 137,801.82 shares of UMH Properties, Inc. common stock following the reported transaction.
  • Indirect holdings: Additional indirect beneficial ownership is reported through The Landy 2022 Family Trust (53,194.49 shares), Juniper Plaza Associates, LTD. (37,903 shares), Samuel Landy Family LTD Partnership (16,220 shares), and Windsor Industrial Park Associates, LTD. (24,670 shares).
  • Preferred stock: Windsor Industrial Park Associates, LTD. also holds 900 shares of UMH Properties, Inc. Preferred D stock indirectly.
  • Remaining derivative securities: Following the exercise, Landy retains 35,860 options at the $9.70 exercise price expiring March 25, 2030, plus options across multiple other tranches with exercise prices ranging from $12.94 to $23.81.
  • Role: The reporting person is identified as EVP and President of OZ Fund, not a director or 10% owner.

Landy's November 2026 Option Exercise and Beneficial Ownership at UMH Properties

According to the filing, Daniel O. Landy reported a single non-derivative transaction on November 12, 2026: the exercise of 2,500 stock options in UMH Properties, Inc. (NYSE:UMH) at an exercise price of $9.70 per share, coded as transaction type M (exercise of in-the-money or at-the-money derivative security). The filing identifies this as an exercise of stock options in the explanation of responses. Following the transaction, Landy directly beneficially owns 137,801.82 shares of UMH Properties, Inc. common stock.

Beyond his direct holdings, the filing discloses indirect beneficial ownership in UMH Properties, Inc. common shares through four entities: The Landy 2022 Family Trust holding 53,194.49 shares; Juniper Plaza Associates, LTD. holding 37,903 shares; Samuel Landy Family LTD Partnership holding 16,220 shares; and Windsor Industrial Park Associates, LTD. holding 24,670 shares. Windsor Industrial Park Associates, LTD. also holds 900 shares of UMH Properties, Inc. Preferred D stock on an indirect basis, according to the filing.

In Table II, the filing reports Landy's remaining derivative securities after the exercise. The option tranche from which the 2,500 shares were exercised originally covered 38,360 shares at $9.70, exercisable from March 25, 2021 through March 25, 2030; after the reported exercise, 35,860 options remain in that tranche. The filing also lists multiple other option grants with exercise prices of $12.94, $13.09, $13.90, $14.36, $15.20, $15.66, $15.75, $16.86, $22.57, and $23.81, with share counts ranging from 1,000 to 100,000, all held directly.

What Was Disclosed

Daniel O. Landy, EVP and President of OZ Fund of UMH Properties, Inc., disclosed the exercise of 2,500 stock options at $9.70 per share on November 12, 2026, resulting in direct beneficial ownership of 137,801.82 shares, plus significant indirect holdings through four affiliated entities.