4//SEC Filing
Milton Robert C 4
Accession 0001225208-25-005099
CIK 0001611547other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 4:32 PM ET
Size
16.4 KB
Accession
0001225208-25-005099
Insider Transaction Report
Form 4
Milton Robert C. III
General Counsel and Secretary
Transactions
- Conversion
LTIP Units (2022 LTI Perf.)
2025-05-12−9,898→ 0 total→ Common Shares (9,898 underlying) - Sale
Common Shares
2025-05-13$18.78/sh−26,000$488,405→ 0 total - Conversion
Common Shares
2025-05-12+26,000→ 26,000 total - Conversion
LTIP Units (2021 LTI Perf.)
2025-05-12−1,319→ 0 total→ Common Shares (1,319 underlying) - Conversion
LTIP Units (2021 LTI Time)
2025-05-12−1,647→ 0 total→ Common Shares (1,647 underlying) - Conversion
LTIP Units (2022 LTI Time)
2025-05-12−13,136→ 0 total→ Common Shares (13,136 underlying)
Footnotes (6)
- [F1]26,000 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]The range of prices for the transaction reported on this line was $18.65 to $19.04. The weighted average price was $18.7848. The reporting person will provide, upon request by the SEC, 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 in the Partnership granted pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Urban Edge Properties 2015 Omnibus Plan (the "Omnibus Plan"). 50% of the LTIP Units vested on February 22, 2024, 25% of the LTIP Units vested on February 9, 2025 and 25% of the LTIP Units will vest on February 9, 2026, subject to continued employment through such date.
- [F4]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.
- [F5]Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2022 long-term incentive plan under the Omnibus Plan. 50% of the LTIP Units vested on February 11, 2025 and 25% will vest on each of February 11, 2026 and February 11, 2027, subject to continued employment through such dates.
- [F6]Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2022 long-term incentive plan under the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 11, 2023.
Documents
Issuer
Urban Edge Properties
CIK 0001611547
Entity typeother
Related Parties
1- filerCIK 0001518163
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 4:32 PM ET
- Size
- 16.4 KB