Jeffrey A. Carus - 21 Mar 2023 Form 4 Insider Report for UMH PROPERTIES, INC. (UMH)

Role: Director
Signature: /s/ Nelli Madden
Issuer symbol: UMH
Transactions as of: 21 Mar 2023
Net transactions value: +$157,357
Form type: 4
Filing time: 23 Mar 2023, 18:11:56 UTC
Previous filing: 05 Apr 2023
Next filing: 18 Apr 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	$13,757	+958	+6%	$14.36	16,874	21 Mar 2023	Direct	F1
holding	UMH	UMH Properties, Inc.						251	21 Mar 2023	Custodial account for Son, Daniel
holding	UMH	UMH Properties, Inc.						251	21 Mar 2023	Custodial account for Son, Ethan
holding	UMH	UMH Properties, Inc. (Preferred D)						500	21 Mar 2023	Direct

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	$143,600	+10,000		$14.36	10,000	21 Mar 2023	UMH Properties, Inc.	10,000	$14.36	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Stock award for Directors.
F2	This stock option will vest over the next five years, 20% per year on each anniversary date as follows: 2,000 shares vesting on 3/21/2024; 2,000 shares vesting on 3/21/2025; 2,000 shares vesting on 3/21/2026; 2,000 shares vesting on 3/21/2027; and 2,000 shares vesting on 3/21/2028.