Jeffrey S. Olson - Feb 25, 2025 Form 4 Insider Report for Urban Edge Properties (UE)

Role
Chairman of the Board & CEO, Director
Signature
/s/ Robert C. Milton III under POA
Stock symbol
UE
Transactions as of
Feb 25, 2025
Transactions value $
$0
Form type
4
Date filed
2/26/2025, 05:09 PM
Previous filing
Feb 18, 2025
SEC
View on sec.gov

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 UE LTIP Units (2022 LTI Perf.) Award $0 +173K $0.00 173K Feb 25, 2025 Common Shares 173K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents LTIP Units granted pursuant to the issuer's 2015 Omnibus Share Plan that have been earned following the achievement of certain performance metrics over the three-year period ending February 10, 2025, as determined by the compensation committee of the issuer on February 25, 2025. Conditioned upon minimum allocations to the absolute and capital accounts of the LTIP Units for federal income tax purposes and vesting, each LTIP Unit may be converted, at the election of the holder, into a Common Partnership Unit (a "Common Unit") in Urban Edge Properties LP. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of the issuer. The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates.
F2 50% of the LTIP Units are immediately vested and 25% will vest on each of February 11, 2026 and February 11, 2027, respectively, subject to continued employment through such dates.
F3 Includes 42,007 of the LTIP Units (2022 LTI Perf.) that were previously reported on a Form 4 filed by the Reporting Person with the Securities and Exchange Commission on February 15, 2022, which were also determined to be earned.