4//SEC Filing
Eilberg Herbert 4
Accession 0001225208-22-003966
CIK 0001611547other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 9:08 PM ET
Size
5.9 KB
Accession
0001225208-22-003966
Insider Transaction Report
Form 4
Eilberg Herbert
Chief Investment Officer
Transactions
- Award
LTIP Units
2022-03-02+2,903→ 2,903 total→ Common Shares (2,903 underlying)
Footnotes (1)
- [F1]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 0001641084
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 9:08 PM ET
- Size
- 5.9 KB