David B. Hekemian - 20 Feb 2025 Form 4 Insider Report for FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (FREVS)

Role
Director
Signature
/s/ David B. Hekemian
Issuer symbol
FREVS
Transactions as of
20 Feb 2025
Net transactions value
$0
Form type
4
Filing time
24 Feb 2025, 11:48:13 UTC
Previous filing
26 Mar 2024
Next filing
13 Mar 2026
SEC
View on sec.gov

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 +1,193 +0.56% $0.000000 216,052 20 Feb 2025 Direct F1, F2
holding FREVS Common Stock, par value $0.01 per share 102,216 20 Feb 2025 By Partnerships and LLCs F1, F3
holding FREVS Common Stock, par value $0.01 per share 22,506 20 Feb 2025 By Trust F1, F4
holding FREVS Common Stock, par value $0.01 per share 25,470 20 Feb 2025 By Trust F1, F5
holding FREVS Common Stock, par value $0.01 per share 88,940 20 Feb 2025 By Foundation F1, F6
holding FREVS Common Stock, par value $0.01 per share 6,000 20 Feb 2025 By Trust F1, F7
holding FREVS Common Stock, par value $0.01 per share 2,750 20 Feb 2025 By Spouse F1, F8
holding FREVS Common Stock, par value $0.01 per share 45,000 20 Feb 2025 By Partnerships F1, F9
* 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 certain partnerships and limited liability companies in which Mr. Hekemian is a partner or member.
F4 Shares held in by a certain trust for the benefit of Mr. Hekemian's nephews, of which Mr. Hekemian is the trustee. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust.
F5 Shares held in a certain trust, of which Mr. Hekemian is a beneficiary. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust except to the extent of his pecuniary interest therein.
F6 Shares held by the Robert and Mary Jane Hekemian Foundation, Inc., of which Mr. Hekemian is the Vice President/Treasurer. Mr. Hekemian disclaims beneficial ownership of the shares held by the Robert and Mary Jane Hekemian Foundation, Inc.
F7 Shares held in a certain trust for the benefit of Mr. Hekemian's children, of which Mr. Hekemian is the trustee. Mr. Hekemian disclaims beneficial ownership of the shares held by such trust.
F8 Shares held by Mr. Hekemian's wife. Mr. Hekemian disclaims beneficial ownership of the shares held by his wife.
F9 Shares held by Edelen Associates, a partnership of which Mr. Hekemian is a partner. Mr. Hekemian disclaims beneficial ownership of the shares held by Edelen Partnerships except to the extent of his pecuniary interest in the partnership.