4//SEC Filing
Langer Mark 4
Accession 0001225208-25-002477
CIK 0001611547other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 5:09 PM ET
Size
6.4 KB
Accession
0001225208-25-002477
Insider Transaction Report
Form 4
Langer Mark
Chief Financial Officer
Transactions
- Award
LTIP Units (2022 LTI Perf.)
2025-02-25+40,256→ 40,256 total→ Common Shares (40,256 underlying)
Footnotes (3)
- [F1]Represents LTIP Units granted pursuant to the issuer's 2015 Omnibus Share Plan that have been earned following the achievement of certain performance metrics over the three-year period ending February 10, 2025, as determined by the compensation committee of the issuer on February 25, 2025. Conditioned upon minimum allocations to the absolute and 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.
- [F2]50% of the LTIP Units are immediately vested and 25% will vest on each of February 11, 2026 and February 11, 2027, respectively, subject to continued employment through such dates.
- [F3]Includes 9,754 of the LTIP Units (2022 LTI Perf.) that were previously reported on a Form 4 filed by the Reporting Person with the Securities and Exchange Commission on February 15, 2022, which were also determined to be earned.
Documents
Issuer
Urban Edge Properties
CIK 0001611547
Entity typeother
Related Parties
1- filerCIK 0001460661
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 5:09 PM ET
- Size
- 6.4 KB