Insider Trends: Insider at UMH Properties Converts Options in Mist of 90-Day Buying Trend
12:59 PM EDT, 05/11/2021 (MT Newswires) -- Anna T Chew, Director and CFO, on May 10, 2021, exercised options for 40,000 shares in UMH Properties (UMH) for $523,600. Following the Form 4 filing with the SEC, Chew has 687,842 company shares, which have a market value of $15.2 million as of the prior-day closing price. In addition the company has granted Chew stock options of which 10,000 are currently in the money and have an approximate value of $90,100 as of yesterday's closing price.
There have been 9 insider transactions during the 90-day period previous to the date of this filing from the activities of 6 different insiders all of which have been purchases and resulted in the acquisition of 109,079 company shares. In the preceding 90-day window of time, there were 26 transactions from 13 insiders and resulted in the net acquisition of 167,022 shares.
This is a lower level of transactions than the peer group average in the 31-company Residential REITs peer group over the last 90-day period. Peer group activity averaged 128.9 transactions per company, with company insiders acquiring on average 105,693 shares.
SEC Story Link http://www.sec.gov/Archives/edgar/data/752642/000156761921009518/xslF345X03/doc1.xml
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