4//SEC Filing
Holmes Jennifer 4
Accession 0001225208-22-003930
CIK 0001611547other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 7:29 PM ET
Size
7.9 KB
Accession
0001225208-22-003930
Insider Transaction Report
Form 4
Holmes Jennifer
Chief Accounting Officer
Transactions
- Award
LTIP Units
2022-03-02+2,648→ 2,648 total→ Common Shares (2,648 underlying) - Tax Payment
Common Shares
2022-02-28$18.21/sh−485$8,834→ 21,535 total
Footnotes (3)
- [F1]Represents common shares of beneficial interest par value $0.01 ("Common Shares") disposed to Urban Edge Properties, the issuer, to satisfy withholding taxes related to vesting Restricted Stock issued under the Urban Edge Properties 2015 Omnibus Share Plan (the "Omnibus Share Plan").
- [F2]Total includes Common Shares purchased, if any, through the issuer's employee stock purchase plan and dividend reinvestment plan.
- [F3]Represents LTIP Units granted pursuant to the issuer's 2015 Omnibus Share Plan that have been earned following the achievement of certain relative total shareholder return goals over the three-year period ending February 25, 2022, as determined by the compensation committee of the issuer on March 2, 2022. Conditioned upon minimum allocations to the 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. 50% of the LTIP Units vested on March 2, 2022 and 25% will vest on each of February 27, 2023 and February 27, 2024, respectively, subject to continued employment through such dates.
Documents
Issuer
Urban Edge Properties
CIK 0001611547
Entity typeother
Related Parties
1- filerCIK 0001628903
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 7:29 PM ET
- Size
- 7.9 KB