Hekemian Robert S Jr 4
4 · FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
FREVS CEO Robert S. Hekemian Jr. Receives 1,584-Share Award
What Happened
Robert S. Hekemian Jr., CEO of First Real Estate Investment Trust of New Jersey, Inc. (FREVS), was granted 1,584 shares on March 12, 2026. The reported acquisition price is $0.00, indicating these were awarded shares under the company’s equity incentive plan rather than a market purchase. The filing does not state a cash value or the market price at grant.
Key Details
- Transaction type: Award/Grant (code A) of 1,584 shares on 2026-03-12; price reported $0.00 (acquisition by award).
- Filing: Form 4 filed 2026-03-13 for the 2026-03-12 transaction (filed within the typical 2-business-day window).
- Shares owned after transaction: Not specified in the excerpt provided.
- Notable footnotes: (F2) Award made under FREIT’s Equity Incentive Plan of 1998 and approved by the Board on recommendation of the Compensation Committee. Other footnotes (F3–F7) note various shares held in trusts, by his wife, or partnerships for which Mr. Hekemian disclaims beneficial ownership except to his pecuniary interest.
Context
An "award" typically reflects equity granted to an executive (often subject to vesting or restrictions); the filing here does not disclose vesting terms or whether the shares are restricted. Awards are common compensation for executives and do not by themselves indicate an immediate buy/sell market action.
Insider Transaction Report
- Award
Common Stock, par value $0.01 per share
[F1][F2]2026-03-12+1,584→ 220,973 total
- 25,458(indirect: By Trust)
Common Stock, par value $0.01 per share
[F1][F3] - 11,000(indirect: By Trust)
Common Stock, par value $0.01 per share
[F1][F4] - 1,000(indirect: By Spouse)
Common Stock, par value $0.01 per share
[F1][F5] - 147,316(indirect: By Partnership)
Common Stock, par value $0.01 per share
[F1][F6] - 9,238(indirect: By Trust)
Common Stock, par value $0.01 per share
[F1][F7]
Footnotes (7)
- [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 in trust for which Mr. Hekemian is a beneficiary. Mr. Hekemian disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
- [F4]Shares held by certain trusts for the benefit of Mr. Hekemian's nephews, and of which Mr. Hekemian is trustee. Mr. Hekemian disclaims beneficial ownership of these shares.
- [F5]Shares held by Mr. Hekemian's wife. Mr. Hekemian disclaims beneficial ownership of these shares.
- [F6]Shares held by certain partnerships in which Mr. Hekemian is a partner. Mr. Hekemian disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
- [F7]Shares held in trust by Mr. Hekemian for the benefit of his children. Mr. Hekemian disclaims beneficial ownership of these shares.