Anna T. Chew - 21 Mar 2023 Form 4 Insider Report for UMH PROPERTIES, INC. (UMH)

Role: Chief Financial Officer, Director
Signature: /s/ Nelli Madden
Issuer symbol: UMH
Transactions as of: 21 Mar 2023
Transactions value $: $1,705,968
Form type: 4
Date filed: 23 Mar 2023, 15:21
Previous filing: 05 Apr 2023
Next filing: 11 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UMH	UMH Properties, Inc.	Award	$629K	+43.8K	+5.82%	$14.36	796K	21 Mar 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	UMH	UMH Properties, Inc.	Award	$1.08M	+75K		$14.36	75K	21 Mar 2023	UMH Properties, Inc.	75K	$14.36	Direct	F2
holding	UMH	UMH Properties, Inc.						39K	21 Mar 2023	UMH Properties, Inc.	39K	$23.81	Direct
holding	UMH	UMH Properties, Inc.						50K	21 Mar 2023	UMH Properties, Inc.	50K	$22.57	Direct
holding	UMH	UMH Properties, Inc.						30K	21 Mar 2023	UMH Properties, Inc.	30K	$9.70	Direct
holding	UMH	UMH Properties, Inc.						50K	21 Mar 2023	UMH Properties, Inc.	50K	$13.90	Direct
holding	UMH	UMH Properties, Inc.						50K	21 Mar 2023	UMH Properties, Inc.	50K	$15.04	Direct
holding	UMH	UMH Properties, Inc.						10K	21 Mar 2023	UMH Properties, Inc.	10K	$14.25	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Issuance: Vesting Schedule: 20% each year upon the first anniversary of Grant Date.
F2	This stock option will vest over the next five years, 20% per year on each anniversary date as follows: 15,000 shares vesting on 3/21/2024 15,000 shares vesting on 3/21/2025 15,000 shares vesting on 3/21/2026 15,000 shares vesting on 3/21/2027 and 15,000 shares vesting on 3/21/2028.