| New Jersey | | | 6798 | | | | |
| (State or jurisdiction of incorporation or organization) | | | (Primary Standard Industrial Classification Code Number) | | | (I.R.S. Employer Identification) | |
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TITLE OF EACH CLASS OF SECURITIES REGISTERED | | | | AMOUNT TO BE REGISTERED(1) | | | | PROPOSED MAXIMUM OFFERING PRICE PER SECURITY | | | | PROPOSED MAXIMUM AGGREGATE OFFERING PRICE(2) | | | | AMOUNT OF REGISTRATION FEE(2) | | |||||||||||||||||||||||||||||||||||||||||
TITLE OF EACH CLASS OF SECURITIES TO BE REGISTERED | | | | AMOUNT OF SECURITIES TO BE REGISTERED(1) | | | | PROPOSED MAXIMUM OFFERING PRICE | | | | PROPOSED MAXIMUM AGGREGATE OFFERING PRICE(2) | | | | AMOUNT OF REGISTRATION FEE(2) | | |||||||||||||||||||||||||||||||||||||||||
Common Stock, $.01 par value | | | | | | 6,856,651 | | | | | | $ | N/A | | | | | | $ | 18.00 | | | | | | $ | 13,465.09 | | | | | | | | 6,860,048.00 | | | | | | $ | 18.00 | | | | | | $ | 123,480,864.00 | | | | | | $ | 13,471.76 | | |
| | | | By Order of the Board of Trustees, | |
| Hackensack, New Jersey | | | John A. Aiello Secretary | |
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Name | | | Age | | | Position(s) | |
Robert S. Hekemian, Jr. | | | 61 | | | Chief Executive Officer, President and Trustee | |
Ronald J. Artinian | | | 72 | | | Chairman of the Board and Trustee | |
David F. McBride, Esq. | | | 73 | | | Trustee | |
John A. Aiello, Esq. | | | 71 | | | Executive Secretary, Secretary and Trustee* | |
Justin F. Meng | | | 42 | | | Trustee | |
David B. Hekemian | | | 54 | | | Trustee* | |
Richard J. Aslanian | | | 60 | | | Trustee* | |
Allan Tubin | | | 82 | | | Chief Financial Officer and Treasurer | |
| Chief Executive Officer compensation (A) | | | | $ | 408,022 | | |
| Median compensation of all employees (not including Chief Executive Officer) (B) | | | | $ | 47,286 | | |
| Ratio of (A) to (B) | | | | | 8.63 | | |
Name and Principal Position(1) | | | Year | | | Salary ($)(2) | | | Bonus ($) | | | Stock Awards ($) | | | Option Awards ($) | | | Non-Equity Incentive Plan Compensation ($) | | | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($) | | | All Other Compensation ($) | | | Total ($) | | |||||||||||||||||||||||||||
Robert S. Hekemian, | | | | | 2020 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Former Chairman of the | | | | | 2019 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | | | | | $ | | | ||
Board and Chief Executive | | | | | 2018 | | | | | $ | 128,932(4) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 235,806(5) | | | | | $ | 364,738(6) | | |
Officer(3) | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
Robert S. Hekemian, Jr., | | | | | 2020 | | | | | $ | 350,000 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 58,022(9) | | | | | $ | 408,022 | | |
President and Chief Executive | | | | | 2019 | | | | | $ | 400,000 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 81,190(9) | | | | | $ | 481,190 | | |
Officer(7) | | | | | 2018 | | | | | $ | 171,781(8) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 63,046(9) | | | | | $ | 234,827 | | |
Allan Tubin, | | | | | 2020 | | | | | $ | 25,500 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 25,500 | | |
Treasurer and Chief Financial | | | | | 2019 | | | | | $ | 21,863 (11) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 21,863 | | |
Officer(10) | | | | | 2018 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Donald W. Barney, | | | | | 2020 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Former President, Treasurer | | | | | 2019 | | | | | $ | 20,342 (13) | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 87,211(14) | | | | | $ | 107,553 | | |
and Chief Financial | | | | | 2018 | | | | | $ | 75,000 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 119,515(14) | | | | | $ | 194,515 | | |
Officer(12) | | | | | | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
John A. Aiello, Esq., | | | | | 2020 | | | | | $ | 34,000 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 72,750 (15) | | | | | $ | 106,750 (16) | | |
Executive Secretary and | | | | | 2019 | | | | | $ | 40,000 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 76,000(15) | | | | | $ | 116,000(16) | | |
Secretary | | | | | 2018 | | | | | $ | 35,000 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 68,000(15) | | | | | $ | 103,000(16) | | |
Name(1) | | | (a)(2) Executive Contributions in Last FY ($) | | | (b)(2) Registrant Contributions in Last FY ($) | | | (c) Aggregate Earnings in Last FY ($) | | | (d) Aggregate Withdrawals/ Distributions ($) | | | (e)(2) Aggregate Balance at Last FYE ($) | | |||||||||||||||
Robert S. Hekemian, Jr. | | | | $ | 51,250 | | | | | $ | — | | | | | $ | 6,772 | | | | | $ | — | | | | | $ | 663,216 | | |
Allan Tubin | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
John A. Aiello, Esq. | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Participant | | | Aggregate Deferred Fees for FY 2020 | | | Accrued Deferred Interest for FY 2020 | | | Dividends Payable on Credited Share Units for FY 2020 | | | Share Units Credited for FY 2020 | | | Aggregate Share Units Credited | | |||||||||||||||
Robert S. Hekemian, Jr. | | | | $ | 51,250 | | | | | $ | 6,772 | | | | | $ | — | | | | | | 3,328 | | | | | | 22,353 | | |
Allan Tubin | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | | — | | | | | | — | | |
John A. Aiello, Esq. | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | | — | | | | | | — | | |
Plan category | | | Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants and Rights (a) | | | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights (b) | | | Number of Securities Remaining Available for Future Issuance under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) (c) | | |||||||||
Equity compensation plans approved by shareholders(1) | | | | | 310,740 | | | | | $ | 18.35 | | | | | | 442,060 | | |
Equity compensation plans not approved by shareholders | | | | | — | | | | | $ | — | | | | | | — | | |
Total | | | | | 310,740 | | | | | $ | 18.35 | | | | | | 442,060 | | |
| | | OPTION AWARDS | | | | | | | | | STOCK AWARDS | | ||||||||||||||||||||||||||||||||||||||||||
Name | | | Number of Securities Underlying Unexercised Options (#) Exercisable | | | Number of Securities Underlying Unexercised Options (#) Unexercisable | | | Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) | | | Option Exercise Price ($) | | | Option Expiration Date | | | Number of Shares or Units of Stock That Have Not Vested (#) | | | Market Value of Shares or Units of Stock That Have Not Vested ($) | | | Equity Incentive Plan Awards: Number of Unexercised Shares, Units or Other Rights That Have Not Vested (#) | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested (#) | | |||||||||||||||||||||||||||
Robert S. Hekemian, Jr. | | | | | 19,000 | | | | | | — | | | | | | — | | | | | $ | 18.45(1) | | | | | | 9/3/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 4,000 | | | | | | — | | | | | | — | | | | | $ | 18.45(1) | | | | | | 9/3/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Allan Tubin | | | | | 6,000 | | | | | | — | | | | | | — | | | | | $ | 18.45(1) | | | | | | 9/3/2024 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
John A. Aiello, Esq. | | | | | 15,200 | | | | | | 3,800(2) | | | | | | — | | | | | $ | 21.00(1) | | | | | | 11/9/2026 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Name | | | Deferred Fees Earned ($) | | | Stock Awards ($) | | | Option Awards ($) | | | Non-Equity Incentive Plan Compensation ($) | | | Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)(2) | | | All Other Compensation ($) | | | Total ($) | | |||||||||||||||||||||
Ronald J. Artinian | | | | $ | 136,098 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 136,098 | | |
David F. McBride | | | | $ | 91,233 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 91,233 | | |
Justin F. Meng | | | | $ | 86,500 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 150,000(3) | | | | | $ | 236,500 | | |
David B. Hekemian | | | | $ | 50,250 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 50,250 | | |
Richard J. Aslanian | | | | $ | 77,850 | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | 77,850 | | |
Participant | | | Aggregate Deferred Fees for FY 2020 | | | Accrued Deferred Interest for FY 2020 | | | Dividends Paid on Credited Share Units for FY 2020 | | | Share Units Credited for FY 2020 | | | Aggregate Share Units Credited | | |||||||||||||||
Ronald J. Artinian | | | | $ | 89,230 | | | | | $ | 21,368 | | | | | $ | — | | | | | | 6,172 | | | | | | 39,134 | | |
David F. McBride | | | | $ | 84,525 | | | | | $ | 6,708 | | | | | $ | — | | | | | | 5,023 | | | | | | 29,414 | | |
Justin F. Meng | | | | $ | 86,500 | | | | | $ | — | | | | | $ | — | | | | | | 4,639 | | | | | | 18,436 | | |
David B. Hekemian | | | | $ | 50,250 | | | | | $ | — | | | | | $ | — | | | | | | 2,892 | | | | | | 6,177 | | |
Richard J. Aslanian | | | | $ | 77,850 | | | | | $ | — | | | | | $ | — | | | | | | 4,246 | | | | | | 9,992 | | |
Totals | | | | $ | 388,355 | | | | | $ | 28,076 | | | | | $ | — | | | | | | 22,972 | | | | | | 103,153 | | |
| | | 10/16 | | | 10/17 | | | 10/18 | | | 10/19 | | | 10/20 | | |||||||||||||||
First Real Estate Investment Trust | | | | $ | 113.34 | | | | | $ | 86.50 | | | | | $ | 88.57 | | | | | $ | 100.74 | | | | | $ | 77.82 | | |
Russell 2000 | | | | $ | 104.11 | | | | | $ | 133.11 | | | | | $ | 135.57 | | | | | $ | 142.22 | | | | | $ | 142.03 | | |
FTSE NAREIT Equity REITs | | | | $ | 106.81 | | | | | $ | 112.87 | | | | | $ | 114.79 | | | | | $ | 142.00 | | | | | $ | 111.65 | | |
Name of Beneficial Owner(1) | | | (A) Aggregate Number of Shares Beneficially Owned(2) | | | (B) Number of Shares Acquirable within 60 Days | | | (C) Aggregate Number of Shares Deemed to be Beneficially Owned (Column A plus Column B) | | | (D) Percent of Class(3) | | ||||||||||||
Ronald J. Artinian(4) | | | | | 443,492(6) | | | | | | 24,400(5) | | | | | | 467,892(6) | | | | | | 6.8% | | |
David F. McBride, Esq.(4) | | | | | 5,000(7) | | | | | | 19,000(5) | | | | | | 24,000(7) | | | | | | * | | |
Robert S. Hekemian, Jr.(4)(8) | | | | | 300,148(9) | | | | | | 23,000(5) | | | | | | 323,148(9) | | | | | | 4.7% | | |
John A. Aiello, Esq.(4)(8) | | | | | 5,000 | | | | | | 15,200(5) | | | | | | 20,200 | | | | | | * | | |
Justin F. Meng(4) | | | | | 15,000(10) | | | | | | 15,200(5) | | | | | | 30,200(10) | | | | | | * | | |
David B. Hekemian(4) | | | | | 405,546 (11) | | | | | | 22,600(5) | | | | | | 428,146(11) | | | | | | 6.2% | | |
Richard J. Aslanian(4) | | | | | 10,200 | | | | | | 7,600(5) | | | | | | 17,800 | | | | | | * | | |
Allan Tubin(8) | | | | | 7,662 | | | | | | 6,000(5) | | | | | | 13,662 | | | | | | * | | |
All trustees and executive officers as a group (8 persons)(6)(7)(9)(10)(11)(12) | | | | | 1,089,832 (12) | | | | | | 133,000(5) | | | | | | 1,222,832(12) | | | | | | 17.8% | | |
| ATTEST: | | | FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC., a Maryland corporation | |
| John A. Aiello Secretary | | | By: Robert S. Hekemian, Jr. President and Chief Executive Officer | |
Number | | | Description | |
2.1 | | | | |
3.1(a)* | | | | |
3.1(b) | | | | |
3.2 | | | | |
5.1 | | | | |
10.1 | | | | |
23.1 | | | | |
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| Name | | | Title | | | Date | |
| /s/ Robert S. Hekemian, Jr. Robert S. Hekemian, Jr. | | | Chief Executive Officer, President and Director | | | | |
| /s/ John A. Aiello John A. Aiello | | | Executive Secretary, Secretary and Director | | | |