Hayes John T 4
4 · URSTADT BIDDLE PROPERTIES INC · Filed Aug 18, 2023
Insider Transaction Report
Form 4
Hayes John T
Senior VP and CFO
Transactions
- Tax Payment
Class A Common Stock
2023-08-16$21.84/sh−36,524$797,684→ 65,082 total - Disposition to Issuer
Class A Common Stock
2023-08-18−65,082→ 0 total
Footnotes (2)
- [F1]Represents shares withheld by Urstadt Biddle Properties Inc.to satisfy the reporting person's tax obligation upon the accelerated vesting of 85,000 shares of restricted stock immediately prior to the second merger effective time pursuant to the Merger Agreement (as defined in Footnote 2 below).
- [F2]All shares were disposed of pursuant to the Merger Agreement, by and among Regency Centers Corporation ("Regency"), Hercules Merger Sub, LLC, Urstadt Biddle Properties Inc., UB Maryland I, Inc., and UB Maryland II, Inc. (the "Merger Agreement") in exchange for an aggregate of 22,583 shares of Regency common stock having a closing price of $61.31 per share on the effective date of the mergers.