Clark Todd J. 4

What Happened Todd J. Clark, a director of UMH Properties (UMH), was granted a total of 13,220 shares on 2026-01-21. The filing shows 1,220 shares were awarded outright at $16.15 each ($19,703) and an additional 12,000 shares recorded as a derivative award at $16.15 each ($193,800), for a combined grant value of $213,503. This is a compensation grant (award), not a purchase or sale on the open market.

Key Details

• Transaction date: 2026-01-21; filing date: 2026-01-23 (timely filing).
• Prices and values: 1,220 shares @ $16.15 = $19,703; 12,000 derivative shares @ $16.15 = $193,800; total = $213,503.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 = stock award for directors; F2 = the 12,000-share award vests 20% per year over five years (2,400 shares vest each year on 1/21/2027–1/21/2031).
• Transaction type: Code A (grant/award). No immediate sale of shares reported.

Context The 12,000-share portion is a time‑vesting award (derivative) that will be delivered/vested in installments over five years, so the full economic ownership is phased in. Director awards like this are standard compensation and should not be interpreted alone as insider buying or selling sentiment.