Justin Meng - Mar 9, 2023 Form 4 Insider Report for FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (FREVS)

Role
Director
Signature
/s/ Justin F. Meng
Stock symbol
FREVS
Transactions as of
Mar 9, 2023
Transactions value $
$0
Form type
4
Date filed
3/13/2023, 03:41 PM
Previous filing
Jan 31, 2023
Next filing
Mar 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FREVS Common Stock, par value $0.01 per share Award $0 +1.29K +1.97% $0.00 66.8K Mar 9, 2023 Direct F1, F2
holding FREVS Common Stock, par value $0.01 per share 2.4K Mar 9, 2023 By Wife F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 an IRA for the benefit of Mr. Meng's wife, Christine Lee Yoon. Mr. Meng disclaims beneficial ownership of the shares held by the IRA.