4//SEC Filing
Drazin Andrea Rosenthal 4
Accession 0001225208-24-001985
CIK 0001611547other
Filed
Feb 12, 7:00 PM ET
Accepted
Feb 13, 9:03 PM ET
Size
10.1 KB
Accession
0001225208-24-001985
Insider Transaction Report
Form 4
Drazin Andrea Rosenthal
Chief Accounting Officer
Transactions
- Award
Common Shares
2024-02-09$17.45/sh+5,732$99,995→ 20,134 total - Tax Payment
Common Shares
2024-02-12$17.66/sh−979$17,289→ 19,155 total - Award
2023 LTIPs
2024-02-09+11,510→ 11,510 total→ Common Shares (11,510 underlying)
Footnotes (6)
- [F1]These common shares of beneficial interest, par value $0.01 ("Common Shares") of Urban Edge Properties (the "Issuer") were issued as "Restricted Stock" under the terms of the Urban Edge Properties 2015 Omnibus Share Plan (the "Omnibus Plan"). These shares vest ratably over three years subject to continued employment through each vesting date with the initial vesting occurring on February 9, 2025.
- [F2]Total includes Common Shares purchased, if any, through the Urban Edge Properties employee stock purchase plan and dividend reinvestment plan.
- [F3]Represents Common Shares disposed to the Issuer to satisfy withholding taxes related to vesting Restricted Stock issued under the Omnibus Plan.
- [F4]Represents LTIP Units in Urban Edge Properties LP granted pursuant to a one-time elective program under which members of management elected to forgo 2023 cash bonuses and receive equity with a grant date fair value equal to the cash forgone that was matched on a one-for-one basis by the Issuer. The LTIPs shown represent both the forgone bonus plus the match, all of which vest ratably over four years, subject to continued employment through each vesting date, with the initial vesting occurring on February 9, 2025.
- [F5]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 Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of Urban Edge Properties (the "Issuer"). LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates.
- [F6]The LTIP Units vest ratably over four years, subject to continued employment through each vesting date, with the initial vesting occurring on February 9, 2025.
Documents
Issuer
Urban Edge Properties
CIK 0001611547
Entity typeother
Related Parties
1- filerCIK 0001948509
Filing Metadata
- Form type
- 4
- Filed
- Feb 12, 7:00 PM ET
- Accepted
- Feb 13, 9:03 PM ET
- Size
- 10.1 KB