4//SEC Filing
Milton Robert C. III 4
Accession 0001225208-24-004208
CIK 0001611547other
Filed
Mar 12, 8:00 PM ET
Accepted
Mar 13, 6:49 PM ET
Size
23.1 KB
Accession
0001225208-24-004208
Insider Transaction Report
Form 4
Milton Robert C. III
General Counsel and Secretary
Transactions
- Conversion
Common Shares
2024-03-11+26,333→ 26,333 total - Sale
Common Shares
2024-03-12$17.02/sh−26,333$448,103→ 0 total - Conversion
LTIP Units
2024-03-11−1,869→ 0 total→ Common Shares (1,869 underlying) - Conversion
LTIP Units (2019 LTI Perf.)
2024-03-11−2,903→ 0 total→ Common Shares (2,903 underlying) - Conversion
LTIP Units (2020 LTI Time)
2024-03-11−3,887→ 0 total→ Common Shares (3,887 underlying) - Conversion
LTIP Units (2021 LTI Perf.)
2024-03-11−2,638→ 2,639 total→ Common Shares (2,638 underlying) - Conversion
LTIP Units
2024-03-11−5,792→ 0 total→ Common Shares (5,792 underlying) - Conversion
LTIP Units (2019 LTI Time)
2024-03-11−3,333→ 0 total→ Common Shares (3,333 underlying) - Conversion
LTIP Units (2021 LTI Time)
2024-03-11−5,911→ 1,647 total→ Common Shares (5,911 underlying)
Footnotes (9)
- [F1]26,333 LTIP units ("LTIP Units") in Urban Edge Properties LP (the "Partnership"), of which the Issuer is the sole general partner, were exchanged for an equal number of Common Partnership Units ("Common Units") in the Partnership, which were subsequently redeemed for an equal number of common shares of beneficial interest, par value $0.01 ("Common Shares") of the Issuer.
- [F2]Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $16.94 to $17.12 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F3]Represents LTIP Units granted pursuant to the Urban Edge Properties 2015 Omnibus Plan (the "Omnibus Plan"). The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 20, 2021.
- [F4]Represents LTIP Units granted pursuant to the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 27, 2020.
- [F5]Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2019 long-term incentive plan under the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 27, 2020.
- [F6]Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2019 long-term incentive plan under the Omnibus Plan. 50% of the LTIP Units vested on March 2, 2022 and 25% on each of February 27, 2023 and February 27, 2024.
- [F7]Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2020 long-term incentive plan under the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 20, 2021.
- [F8]Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Omnibus Plan. 50% of the LTIP Units vested on February 22, 2024 and 25% will vest on each of February 9, 2025 and February 9, 2026, subject to continued employment through such dates.
- [F9]Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 10, 2022.
Documents
Issuer
Urban Edge Properties
CIK 0001611547
Entity typeother
Related Parties
1- filerCIK 0001518163
Filing Metadata
- Form type
- 4
- Filed
- Mar 12, 8:00 PM ET
- Accepted
- Mar 13, 6:49 PM ET
- Size
- 23.1 KB