MCBRIDE DAVID F 4
4 · FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
FREVS Director David McBride Receives 1,584-Share Award
What Happened David F. McBride, a director of First Real Estate Investment Trust of New Jersey, Inc. (FREVS), was granted 1,584 shares of common stock on March 12, 2026. The Form 4 reports the transaction as an award/grant (transaction code A) at a reported price of $0.00, so the filing shows $0 cash paid for the shares. The award was made under FREIT's Equity Incentive Plan of 1998 and was approved by the Board of Directors upon the Compensation Committee's recommendation (footnote F2).
Key Details
- Transaction date: 2026-03-12; reported on Form 4 filed 2026-03-13 (timely filing).
- Transaction type/code: Award/Grant (A).
- Shares granted: 1,584; reported price: $0.00; reported cash value: $0.
- Shares owned after transaction: Not specified in the provided filing.
- Relevant footnotes: F1 (historical note on reincorporation and share conversion), F2 (award under the 1998 Equity Incentive Plan, Board-approved), F3 (some shares are held by Mr. McBride’s wife).
- No indication in the filing that shares were sold or immediately transferred.
Context This was a compensation-related equity award rather than an open-market purchase or sale. Such grants typically reflect board-approved compensation practices and may vest over time (vesting terms not disclosed in this filing). Awards do not, by themselves, indicate the insider is buying or selling stock on the open market; they are a routine part of executive/director pay.
Insider Transaction Report
- Award
Common Stock, par value $0.01 per share
[F1][F2]2026-03-12+1,584→ 70,095 total
- 4,000(indirect: By Spouse)
Common Stock, par value $0.01 per share
[F1][F3]
Footnotes (3)
- [F1]Prior to the reincorporation of First Real Estate Investment Trust of New Jersey, Inc. ("FREIT") from a New Jersey real estate investment trust to a Maryland corporation on July 1, 2021, FREIT's equity securities were beneficial interests in FREIT that were designated as "shares" without par value. In connection with the reincorporation of FREIT as a Maryland corporation, FREIT's shares of beneficial interest were converted to shares of common stock, par value $0.01 per share, on a 1-for-1 basis.
- [F2]Award of shares of Common Stock, par value $0.01 per share, under FREIT's Equity Incentive Plan of 1998. Such award was approved by FREIT's Board of Directors upon the recommendation of the Compensation Committee of the Board.
- [F3]Shares held by Mr. McBride's wife.